3 ms·

Money is a natural concept that roughly describes how much value you created. Eschewing money on the outset seems taking the high-road, but from a value creati

Money is a natural concept that roughly describes how much value you created. Eschewing money on the outset seems taking the high-road, but from a value creation and compounding perspective, it is pretty dumb. If you create value, you better capture the value that you have created, so that you can compound it and give back the goodness 10000x. Gates / Buffett can deploy Billions to large-scale charity because they captured value. Elon Musk can deploy his Billions to revolutionize exploration. If you think Josh is good with no-money, imagine how much good he can do with $10,000,000,000 money. Paradoxically, Nice people should build wealth. Else, someone else will build wealth and they will deploy it in a not-nice way

bobdobbs23 5y ago
"Greed is good" is fewer words.
cat_adorer 5y ago
You could say that, but value is only created upon the creation of goods, while anything else merely amounts to the transfer of value; hence, only those who create (harvest) raw materials have any worth to society, and therefore should be the only ones to benefit. If this situation strikes you as preposterous, then value is clearly something other than money. Secondly, the rich are relatively ungracious; the money means far less to them than it does others and they use far more of it on themselves (even if they use less proportionally), so their goodness is less than what it would be if they had declined to profit and instead improved their employees' lives such that they could do good with their money. Thirdly, your last statement implies wealth will be built, whereas government action (such as enforcement of a trademark by the author in this case, or the breakup of Meta) can prevent wealth from accumulating without reason and thus spread wealth out for maximal utility.

3 ms·

Money is a natural concept that roughly describes how much value you created. Eschewing money on the outset seems taking the high-road, but from a value creati

by deltree7 5y ago

bobdobbs23 5y ago
"Greed is good" is fewer words.
cat_adorer 5y ago
You could say that, but value is only created upon the creation of goods, while anything else merely amounts to the transfer of value; hence, only those who create (harvest) raw materials have any worth to society, and therefore should be the only ones to benefit. If this situation strikes you as preposterous, then value is clearly something other than money. Secondly, the rich are relatively ungracious; the money means far less to them than it does others and they use far more of it on themselves (even if they use less proportionally), so their goodness is less than what it would be if they had declined to profit and instead improved their employees' lives such that they could do good with their money. Thirdly, your last statement implies wealth will be built, whereas government action (such as enforcement of a trademark by the author in this case, or the breakup of Meta) can prevent wealth from accumulating without reason and thus spread wealth out for maximal utility.