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Dear Mr. Millionaire, As someone with a significant amount of wealth, you have the option to spend it entirely on yourself. For example, you could have consume
by marris 8y ago
Dear Mr. Millionaire,
As someone with a significant amount of wealth, you have the option to spend it entirely on yourself. For example, you could have consumed all of it already, enjoying non-stop parties, expensive toys, buying the temporary, albeit intense, adoration of an entourage etc. Thank you for not doing those things.
Instead, you have invested this capital. You have put it into a variety of investments, each with their own risk-reward profile. I am hopeful that as you grow wealthier, you will become more charitable, both by donating more wealth to help others, and also by accepting a lower rate of private return (or higher private risk) for investments that have a bigger social return (e.g. biotech investments, space exploration, etc). Even there, I hope you exercise some prudence and a portfolio approach, since it doesn't help anyone ex post if you lose all your money developing an invention that doesn't work.
In the meantime, we (society) are grateful for your concern, but would probably rather that you did not dump more money into our tax coffers. If you want to give money to the people, give money to the people, Give Directly style.
And if you still feel that the government is necessary to solve some of the problems that are bothering you, spend it instead to incentivize better government, or to design and build a government that allocates each tax dollar more efficiently as the years go by.
Thank you.
- smileysteve 8y agoBoth parties and failed research result in jobs and markups going to externalities, bar tenders, servers (people), researchers, fabrication materials, whiskey distillers, etc.
- Farradfahren 8y agoDear Mr. Neoliberal, investments today are risk averse on a large, almost cultural scale by now. You invest into monopolies who dominate entire markets or even provide them, fonds who own industries where they start to even forget how innovation-the word is written. This means, that the aggregated money does not go anywhere, witin any industry today, where it creates growth or change. Its all about nailing another board to the fortifications. What else remains, spills into citys as urban blight by creating empty overpriced apartments. The trickle-down- economic model you have in your mind, has been tested. It does work as well as socialism. Which is one of the reasons, the pulbic has turned away from this and is ready to give the likes of marx and engels another chance to fail. Thank you