Like imagine what you could do with that kind of cash. You don't even have to give it away, you can just run good businesses that aren't based on unsustainable greed.

Say you build decent housing and set the rents so the break-even date is 40 years from now, let your foundation own it, and kick back with a tall glass of milk. Say you build an insulin factory in Vermont and pump out pens at $7 each. Say you buy up some farmland and build proper greenhouses to grow food efficiently, allowing 90% of the land be rewilded.

Why in the fuck would you buy 3 Bugattis every year.

Or just putting the money back into the company or wages.

I thought his yachts were specifically designed as ocean research vessels no? Like the whole reason to buy the company out was to use their resources to make custom order research vessels (with submarine and medical bays) cheaper.

Not to say there aren't better causes, there absolutely are, but if he's out there pushing our scientific knowledge forward, I'm here for it.

I actually support the rich spending money on extravagant yachts. The problem is when rich people hoard money and just use it to get richer. When they spend it, that money goes to employing people. Do you have any idea how many workers it takes to build a yacht? Then you have to hire people to maintain and run the thing. It's a massive transfer of wealth from the rich to the working class.

When rich people try to use their money to "improve society" they inevitably end up using it to influence politics and to try and control things. After all, if your goal is to use your money to help to improve the world as best you see it, you quickly realize that the best bang for your buck is by buying politicians.

For example, imagine someone genuinely does want to spend a billion dollars to help people get medical care. You could spend that billion on paying people's medical bills, or you could spend a billion dollars lobbying for Medicare for all. If you're trying to spend money to change the world in a direction you feel is best, politicians are the best bang for your buck. So you end up with politicians being bought by various rich people, each tasked with enacting what the rich people view as the best path for the world. One way or another, it means that the wealthy completely control the government, rather than the people. And while you're probably in favor of Medicare for all, the rich people will be lobbying for whatever they think the world needs most. Their idea of charity might be spending a billion dollars to "protect babies" by lobbying against abortion.

I would rather the rich spend every penny they have on extravagant luxuries. Their ideas of charity are usually quite different from my own.