I don’t have a problem with a billionaire that is so successful that they are constantly throwing millions at other people’s problems to solve them and can’t stop making more money because they pay great wages with great benefits and produce great products at fair prices.
A theoretical such ideal billionaire would realize their employees generate much more surplus value than they’re paying them in wages. They’d therefore increase the wages so much so that they’re not a billionaire anymore. Instead their employees would be millionaires or more.
They’re quite rare, but a few do exist, we just never hear about them.
People like Chuck Feeney, who ‘gave away his fortune in secret for many years, choosing to be anonymous, and donating more than $8 billion in his lifetime.’
The famous ones hoarding wealth are all sociopaths.
I don’t have a problem with a billionaire that is so successful that they are constantly throwing millions at other people’s problems to solve them and can’t stop making more money because they pay great wages with great benefits and produce great products at fair prices.
Problem is that type of billionaire is a fantasy.
A theoretical such ideal billionaire would realize their employees generate much more surplus value than they’re paying them in wages. They’d therefore increase the wages so much so that they’re not a billionaire anymore. Instead their employees would be millionaires or more.
They’re quite rare, but a few do exist, we just never hear about them.
People like Chuck Feeney, who ‘gave away his fortune in secret for many years, choosing to be anonymous, and donating more than $8 billion in his lifetime.’
The famous ones hoarding wealth are all sociopaths.