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me_irl
(thelemmy.club)
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this post was submitted on 11 Jun 2026
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me_irl
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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
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.
I wouldn't trust one person to unilaterally decide which ways was best for them to contribute their stolen money back to society.
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.
You are an idiot
Means a lot coming from you.
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.