Well, that’s what I’m saying, beyond a certain point, the wealth accumulates itself with no active intervention on his part besides making sure the stock price doesn’t tank.
But that’s the whole point about “world hunger” too. It’s not like he can liquidate 900 million shares of Amazon at $200 a share.
Estimates are it would take $40 billion a year, EVERY year, to solve world hunger.
You don’t even need to sell, you can take a loan out against an asset like every rich asshole or nation…
I refuse to accept that the most powerful people in the world are so helpless.
There’s a myriad of ways to handle covering wealth into purchasing power. The wealthy falling to do anything about the evils in the world is part of what makes them evil. They aren’t even trying. They use arguments like yours to throw their hands up and claim they’re helpless and that the system would fail, that the world would be worse off if they did anything at all.
Sigh… Look, the point is we don’t let people off the hook because it’s hard to do something. It’s hard to go to work 40+ hrs a week for 40 years and they ask that of every single one of us.
They have the power or they don’t. If they do, and choose not to act or even attempt, they’re complicit in the world’s problems. If they don’t, and they’re relegated to continuing to sit and amass wealth, then the system itself is broken and must be raised.
Well, that’s what I’m saying, beyond a certain point, the wealth accumulates itself with no active intervention on his part besides making sure the stock price doesn’t tank.
But that’s the whole point about “world hunger” too. It’s not like he can liquidate 900 million shares of Amazon at $200 a share.
Estimates are it would take $40 billion a year, EVERY year, to solve world hunger.
https://www.wfpusa.org/articles/how-much-would-it-cost-to-end-world-hunger/
So to solve world hunger for 1 year, Bezos would have to sell 200 million of his 900 million Amazon shares at $200 a pop.
Nobody has the money to buy 200 million Amazon shares at that price.
As soon as he sold a fraction of that, it would flood the market and the stock price would crater.
When it became clear Bezos was the one flooding the market, everyone else who had Amazon would panic sell, tanking the price even harder.
You don’t even need to sell, you can take a loan out against an asset like every rich asshole or nation…
I refuse to accept that the most powerful people in the world are so helpless.
There’s a myriad of ways to handle covering wealth into purchasing power. The wealthy falling to do anything about the evils in the world is part of what makes them evil. They aren’t even trying. They use arguments like yours to throw their hands up and claim they’re helpless and that the system would fail, that the world would be worse off if they did anything at all.
You can take out a loan, but nobody can loan $40 billion.
Even getting 3.3 billion every month for a year would be challenging.
Sigh… Look, the point is we don’t let people off the hook because it’s hard to do something. It’s hard to go to work 40+ hrs a week for 40 years and they ask that of every single one of us.
They have the power or they don’t. If they do, and choose not to act or even attempt, they’re complicit in the world’s problems. If they don’t, and they’re relegated to continuing to sit and amass wealth, then the system itself is broken and must be raised.