If a billionaire would actually care about people, wouldn't he would donate 99%?
#asknostr
Discussion
Probably near the end of their lives, some have said they would do that.
But generally I think an altruistic Billionaire would donate to various organizations, groups, and individuals.
People say billions is a lot but when you divide it up amongst Billions of people, it’s goes down to dollars, or pennies.
You at best could give 200,000 people $5,000 each, is a lot maybe, or maybe not.
You can fiddle around more money to fewer people, or less money to more people.
Billions is a dent, which is why we trillion dollar level budgets for everything major in The United States.
1 billion would buy 5000 people a house. 1 trillion would buy 5000000 people a house. This seems doable.
Yes. If you actually cared, you couldn't amass enough money to end homelessness and hunger in your country but just sit on your hoard like a dragon. Billionaires are parasites.
I'll take it to mean multi-trillionaire; that's still not how it works. It would cause immediate inflation as people spent the excess income towards less productive ends. The bottleneck is infrastructure and corruption, not laymen's purchasing power
Maybe buy thousands of houses and donate them.
You do understand that the number of houses in the world is finite? The price of houses would skyrocket if someone attempted to buy up all the properties the the entire world.
According to recent data, there are around 16 million vacant homes in the United States, including both houses and apartments. Meanwhile, an estimated 770,000 people in the country are experiencing homelessness on a given night, based on the latest nationwide count in January 2024.
Are those homes for sale? Is a homeless dude from LA willing to move to the middle of nowhere to claim his "free house", or would he rather continue to collect his foodstamps and use the local McDonald's free wifi with his stolen smartphone in his tent on the street?
These are great questions, they should all be asked. Also it's good we figured out that there are enough empty houses for everyone.
It wouldn't solve the problem.