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me_irl (thelemmy.club)
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[-] frazw@lemmy.world 24 points 1 week ago* (last edited 1 week ago)

Thing is, you wouldn't mind if he used his vast wealth for the betterment of humanity. You know, like how he used to market himself before the pedoguy event.

Instead he uses it to promote right wing politics, marginalised vulnerable groups and trying to get richer for the betterment of Elon.

I like to think that if I was ever lucky enough to have a billion, anything over it would be used to support causes I believe in... Oh wait that's what he's doing, it's just his beliefs are messed up.

[-] siph@feddit.org 24 points 1 week ago

I would mind. No single person should have that much wealth.

[-] frazw@lemmy.world 1 points 1 week ago

What I mean is that if I ever amassed 1 billion, I would spend everything over the billion on social projects, dog shelters, medical research that is considered by for profits to be unprofitable. I would never have more than 1 billion as I would use the interest to fund things that would help as many people and animals as possible. If billionaires voluntarily did such things I would mind them less. Instead I support 100% tax on anything over 1 billion. As for the burning question do any of these billionaires contribute as much as they are rewarded? Hell no

[-] frazw@lemmy.world 4 points 1 week ago

To be clear. I don't support the existence of billionaires, but I might be more forgiving if the contributed to society in big ways. Instead their only interest seems to be getting richer.

[-] Rothe@piefed.social 4 points 1 week ago

I wouldn't trust one person to unilaterally decide which ways was best for them to contribute their stolen money back to society.

[-] frazw@lemmy.world -1 points 1 week ago

Maybe not, but that is democracy. We all choose one person to trust to make decisions for us.

Also unfairness and theft are not the same thing.

[-] Son_of_Macha@lemmy.cafe -1 points 1 week ago
[-] frazw@lemmy.world 1 points 1 week ago

Means a lot coming from you.

[-] wonderingwanderer@sopuli.xyz 2 points 1 week ago* (last edited 1 week ago)

If I had a billion dollars, I would start a foundation with a $100 million endowment invested in mutual funds that exclusively support certified B corporations with high ESG scores. Expecting about a 5% APY, that endowment would accrue interest at about $5 million annually.

That's enough for potentially up to 50 six-figure salaries. I would hire experts, scholars, activists, and advocates through the foundation and pay them to make the world a better place. I'd have a hand in writing the overall policies and guiding values, to make sure they prioritize the causes I believe are important. And I'd hire someone to audit their performance and send me reports.

I'd spend my life fucking off with more money than I'd ever need, because my $900 million remaining would still be accruing ungodly amounts of annual interest.

And every few years when my wealth surpasses a billion again, I'd take another $100 million and start a new foundation with a slightly different focus, or I'd put it into the endowment of the existing foundation and have them grow as an organization.

I would never let the sun set on a billion dollars. Because nobody needs a billion dollars.

[-] MonkderVierte@lemmy.zip 13 points 1 week ago* (last edited 1 week ago)

No, you wouldn't. You don't get to 1 billion with a intact moral compass.

[-] chuckleslord@lemmy.world 3 points 1 week ago

Can't get to 1 billion*

[-] NocturnalMorning@lemmy.world 4 points 1 week ago

He had a good PR person for a while. He must have fired them.

[-] mfed1122@discuss.tchncs.de 2 points 1 week ago* (last edited 1 week ago)

The idea of a billionaire that uses their money for good more than evil is borderline paradoxical tbh. It's like saying I wouldn't mind being set on fire as long as the fire was cooling and refreshing and wet

[-] chuckleslord@lemmy.world 1 points 1 week ago

No, I would very much care. Even the most well intentioned person will cause harm in attempting to help if they don't empower those facing the problems to fix them. No philanthropic effort is structured like that, they're always designed to heap accolades on the philanthropist, meaning it must be their ideas, meaning it will definitely cause more harm than good.

this post was submitted on 11 Jun 2026
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me_irl

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