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What would the world look like if billionaires actually helped the people? (lemmy.world)

submitted 1 week ago by return2ozma@lemmy.world to c/asklemmy@lemmy.ml

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[–] MNByChoice@midwest.social 5 points 1 week ago (2 children)

There are near 800 billionaires in the USA. Assuming all only have $1 billion dollars and it is all invested, applying the "4% rule" gives a sustainable $40 million each per year. With $10 million to personally spend, that gives $24 billion a year for charity and public works.

I failed to find a list of the costs to solve various issues. Homelessness could be solved in a couple years.

The numbers provided are just a starting place. Many problems are extremely expensive. Actually working to solve them would help.

[–] Professorozone@lemmy.world 4 points 1 week ago (2 children)

But if you go by net worth Elon alone has like 350-400 billion. Zuckerberg, Buffet, Gates all have many billions. I see where you're coming from but they could really help society, like curing hunger levels of help and the worst part is... They'd still be filthy rich. So as far as quality of life, it wouldn't even cost them anything.

[–] BCsven@lemmy.ca 3 points 1 week ago (3 children)

Gates and his ex were helping. They have pledged to spend half their wealth on various humanitary things. They were trying to convince other billionaires to follow suit also. Looks like musk and bezos didn't get the memo

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[–] MNByChoice@midwest.social 1 points 1 week ago (1 children)

So as far as quality of life, it wouldn't even cost them anything.

That was my point.

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[–] umbrella@lemmy.ml 3 points 1 week ago* (last edited 1 week ago)

problems arent solved by making up more paper. problems are solved by doing and properly allocating the resources we already have ie not on the whims of billionaires or on the restrictions their money imposes. money is supposed to represent these assets but not when we think in a financialized (?) way like this.

we could certainly tackle the worlds problems without printing a single extra penny, if only we eliminated the parasites stopping us and propping up the fake paper system where they control all of our resources in the first place.

[–] blackbrook@mander.xyz 2 points 1 week ago

I can't even imagine what color the sky would be in that world...

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