image transcription:
big collage of people captioned, "the only people I wouldn't have minded being billionaires"
names(and a bit of info, which is not included in the collage) of people in collage(from top left, row-wise):
- Alexandra Elbakyan, creator of Sci-Hub. perhaps the single-most important person in the scientific community regarding access to research papers.
- Linus Torvalds, creator of linux kernel and git, courtesy of which we have GNU/Linux.
- David Revoy, french artist famous for his pepper&carrot, a libre webcomic. inspiration for artists who are into free software movement
- Richard Stallman, arch-hacker who started it all. founded the GNU project, free software movement, Emacs, GCC, GPL, concept of copyleft, among many other things. champions for free software to this day(is undergoing treatment for cancer at the moment).
- Jean-Baptiste Kempf, president of VLC media player for 2 decades now
- Ian Murdock, founder of Debian GNU/Linux and Debian manifesto. died too soon.
- Alexis Kauffmann, creator of framasoft, a French nonprofit organisation that champions free software. known for providing alternatives to centralised services, notable one being framapad and peertube.
- Aaron Swartz, a brilliant programmer who created RSS, markdown, creative commons, and is known for his involvement in creation of reddit. he also died too soon.
- Bram Moolenaar, creator of vim, a charityware.
on the bottom right is the text reading, "plus the thousands of free software enthusiasts working tirelessly."
Simply by having a billion dollars means they have decided to hoard that wealth. They could give away 90% of it, leaving them with $100 million, it wouldn't impact their quality of life in any way, and still leave them with more wealth than 99.9% of the planet. Imagine the good that $900 million could do if it was put to good use rather than sitting in a bank account as a status symbol - having the capability to do that good with no impact on yourself or your family and choosing not to makes you an immoral person.
Billionaires shouldn't exist. At all.
How much money should a person be allowed to have?
A lot less than a billion. The exact amount is negotiable.
I don't know, but there probably should be a line somewhere. More wealth than 99.9% of the rest of the planet sounds like a good place to start
I doubt any billionaires have that much money "sitting in a bank".
Most wealth is non-liquid. For example, if you found a company that becomes massive, and you maintain a controlling share, then you could be a billionaire on paper while having no real money to spend -- the only way to turn that into "real" money would be to sell shares in the company, and thus lose control of it. If the company is doing good work, it could be better to retain control and act through the company, by ensuring that it pays employees good wages to do good work for the benefit of society. This is not completely incompatible with profit in theory, though in practice...yeah. I'm not sure if there are any such billionaires in the world today.
The real problem is more fundamental to the economy, in that it fairly consistently rewards bad behavior.
Larry Page basically became a billionaire overnight when Google went public. I don't recall Page or Google doing anything especially evil or exploitative before that, though their success was certainly built in an unsustainable economic bubble.
If Amazon didn't treat its employees like shit and poison the entire economy, then Bezos could probably still be a billionaire and I wouldn't necessarily hold that against him.
This is bullshit