Well if you just manage your money properly, it grows. I would argue it’s better to do that and give you money away rather than not manage your money properly. In the end, more money goes to good causes that way.
If they “stopped” that would mean leaving their money in a bank account sleeping. The only entity benefiting from this would be the bank.
He does actually. https://observer.com/2024/09/bill-gates-bernie-sanders-tax-wealthy/
He and warren are some of the smarter billionaires, they realize having infinite money is not actually very useful.
Not to say there’s any thing good about there being billionaires in the first place, but there is a spectrum.
They’ll make iPhones in India. Which is actually what they are doing right now. Or in Vietnam. Or Ethiopia. You can’t tariff everyone 140% if you want your economy to work.
People talk about tech giants, but Facebook and Google are actually advertising giants. They pour much more money into their advertising than they do into r&d.
Many brands have a cost structure where, for each product sold, more money goes to advertising than to the person who actually made the product. Sometimes 2 or 3 times more. That’s where the battle for attention is taking us, a place where attention from customers is worth much more than the effort of the worker.
None of this is inevitable, advertising should be heavily taxed and regulated.
I mean you need the mustard or it won’t emulsify. 2 parts oil for one part of acid is better imho