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Money is not wealth. Once you have more of it than is necessary for basic needs, you have to figure out a way to get rid of it and exchange it for real wealth.
by otabdeveloper4 3y ago
Money is not wealth. Once you have more of it than is necessary for basic needs, you have to figure out a way to get rid of it and exchange it for real wealth. Investing it in "tech" is an easy and dumb solution to the problem.
- Ekaros 3y agoAlso wealth is not money... Owning million of unliquid asset is not money.
- boxed 3y agoThe problem is that the 0.1% don't seem to really understand this. If they did we would se massive investments in basic science and medicine from them. But we don't. Instead most of them seem to treat their wealth as internet points to compare to other super rich.
- bombolo 3y agoThey want investments with short term returns… and basic science isn't that.
- boxed 3y agoBut that's exactly because they're being stupid. Only basic science or medicine has any chance of making any significant impact on their lives. And most of the potential basic science impact will do so via medicine. Being a billionaire won't protect you from cancer and multi resistant bacteria. They are missing an opportunity to increase their life span and life quality and do the same for their children. Only very few billionaires understand this, Bill Gates being maybe the most obvious example.