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He's no where near rich enough to have any impact on the world economy let, not even the US. In fact, even, if you took the combined wealth of every single bil
by pascalxus 6y ago
He's no where near rich enough to have any impact on the world economy let, not even the US.
In fact, even, if you took the combined wealth of every single billionaire in the US and totaled it up (2.5 Trillion) and then gave it away to every US person (divide by 300M), over the 30 year period it took to earn all that money, you'd still only get about 250$ per person per year.
It's our first and only impuse: just spend more. Personally, I think a much better way is to find ways to spend less. How to find ways to provide for people with fewer costs.
Keep in mind, the 8 months they mention uses a lifetime of accumulated wealth:
https://checkyourfact.com/2019/02/15/fact-check-wealth-billionaires-government-8-months/ https://checkyourfact.com/2019/02/15/fact-check-wealth-billi...
- olivermarks 6y agoI know Gates or Bloomberg or other oligarch wealth would be a contributory drop in the 'bailout' ocean. It would make a refreshing change from nation states tax avoidance 'foundations' and their other vehicles though, that could also have humanity changing implications, such as massive (and massively profitable) vaxxing schemes. I'm commenting specifically about the Gates AMA and not the broader issues discussed in this thread.