When wealth becomes so immense and income becomes useless, how should society deal with the extravagant opulence?<\/p>\n\n\n\n
A billion dollars would require the holder to spend over 27k every day over 100 years. Growing modestly in even a simple savings account, this is unspendable wealth – over 30 million annually. <\/p>\n\n\n\n
27k \u2014 what many Americans scrape through an entire year on \u2014 is what a billionaire could burn through before dinner, daily, for a century, and still die rich<\/p>\n\n\n\n
Once a person achieves this level of wealth, what else are they gaining besides more bloat to their ego? <\/p>\n\n\n\n
Supporting perspective via Claude:<\/p>\n\n\n\n
\u201cConcentrated wealth occasionally backfills what functional public systems would have handled anyway \u2014 and gets credited as generosity for doing so.<\/p>\n\n\n\n
\u2022 The NIH, DARPA, and NASA produced transformative innovations through distributed public funding, not concentrated private wealth<\/p>\n\n\n\n
\u2022 The polio vaccine came from Jonas Salk, who refused to patent it<\/p>\n\n\n\n
\u2022 Most Gates Foundation health work operates in areas governments abandoned, which is an indictment of policy failure, not proof that billionaires are necessary\u201d<\/p>\n\n\n\n
Does it provide any upsides that don\u2019t leverage ulterior motives? Walk a mile in their shoes and will you see a new perspective or will it confirm the detachment from societal good and self aggrandizement?<\/p>\n","protected":false},"excerpt":{"rendered":"
When wealth becomes so immense and income becomes useless, how should society deal with the extravagant opulence? A billion dollars would require the holder to spend over 27k every day over 100 years. Growing modestly in even a simple savings account, this is unspendable wealth – over 30 million annually. 27k \u2014 what many Americans […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4484","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/posts\/4484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/comments?post=4484"}],"version-history":[{"count":0,"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/posts\/4484\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/media?parent=4484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/categories?post=4484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cranialspark.com\/index.php\/wp-json\/wp\/v2\/tags?post=4484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}