3 ms·
Diminishing returns. What extra risk do you take at $1b versus 100m? Now 10b vs 1b? Now 100b vs 1b? Now, 1m vs 100k. We should focus our systems on increasing
by voisin 3y ago
Diminishing returns. What extra risk do you take at $1b versus 100m? Now 10b vs 1b? Now 100b vs 1b?
Now, 1m vs 100k.
We should focus our systems on increasing more people from 100k to 1m rather than 10b to infinity.
- passion__desire 3y agoGiving money as charity doesn't help either. ask Bono. Capital expensive projects like SpaceX require lot of money and wouldn't be possible by a group of 1000 individuals putting 1m into the bucket. Too many cooks.
- voisin 3y agoOk, but aside from Elon, how many examples are there of billionaires doing things like SpaceX (which had a very good business plan too don’t forget. It isn’t purely out of goodwill that he created that enterprise)? My point is that the vast majority of billionaires seem to spend their money not taking massive risks for the betterment of humanity but rather they buy islands and jets and art and blah blah blah.
- passion__desire 3y agoWhether a private individual puts in the risk or a nation state it doesn't matter. Ultimately your point is we should enrich everybody which is a fair point. But underlying that sentiment is the fact there should be products and services worth buying for that much money otherwise you would just be increasing inflation.
- creer 3y agoThe entire extra risk probably, actually. Some things like SpaceX does not happen because someone had a hundred thousand to contribute to seed capital. Some ventures are ambitious.