I prefer to realize that even at ninety billion dollars of personal wealth; the full amount is not actually available; is that the US government would consume it in less than ten days.
Even if we could confiscate his and all similar holders of wealth money we could not pay for government for even a year.
the realization we must have is that this amount of personal wealth is not harming the worlds poor and it really doesn't harm those of us here.
the world has such incredible poverty because of government. Government that does not respect property rights, rights to one's self, nor the product of their work.
What makes capitalist societies work is property rights and it is that incentive which provides the stable society many of us enjoy.
If you want to raise the poorest in the world up you do so by encouraging their governments to respect the property rights of even their weakest citizen. To respect the earnings of those who work.
Yes, I've been learning that this is a fundamental realization to make that the pie grows and the economy is not this fixed sum game where someone grows rich at the expense of others. Thomas Sowell has written well of this topic and I like his perspectives on the matter. Milton Friedman his PhD advisor is fun to watch too on YouTube.
Some Uncommon Knowledge video of Thomas Sowell makes an interesting point about how the real question is not to ask why people are poor, that's the default position he claims. The real question to ask is why is there wealth in the first place.
Even if we could confiscate his and all similar holders of wealth money we could not pay for government for even a year.
the realization we must have is that this amount of personal wealth is not harming the worlds poor and it really doesn't harm those of us here.
the world has such incredible poverty because of government. Government that does not respect property rights, rights to one's self, nor the product of their work.
What makes capitalist societies work is property rights and it is that incentive which provides the stable society many of us enjoy.
If you want to raise the poorest in the world up you do so by encouraging their governments to respect the property rights of even their weakest citizen. To respect the earnings of those who work.