Comment by pupppet
Yes thank you billionaires, if you hadn't vacuumed the wealth of a nation this could have been a government agency success. Why should we all benefit when one man can?
Yes thank you billionaires, if you hadn't vacuumed the wealth of a nation this could have been a government agency success. Why should we all benefit when one man can?
No indeed, it is not a zero-sum game, billionaires like Musk and Bezos have more money than Scrooge McDuck [0], the cartoon version of Greed. While their share of the global wealth is increasing by each year
"The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today." Jan 16, 2023 [1]
[0] https://www.benzinga.com/news/21/11/23829868/elon-musk-is-ev... [1] https://www.oxfam.org/en/press-releases/richest-1-bag-nearly...
So? I don't think you are really making an argument. $42 trillion created, and by those same accounting rules they got the share that they created. There net worth is just the stock value x number of shares they have. Their wealth is directly correlated by how much value the market thinks their companies are worth.
This is not a problem for me.
I would disagree with some of your reasoning. Workers created the wealth, and by workers I mean everyone from delivery people, software developers, managers etc.
However, due to political decisions most if not all of that wealth is shared among people at the upper levels of the hierarchy, and third party investors.
It might not feel as a problem to you, but increasing inequality has negative consequences for society as a whole. It is well documented that more unequal societies have a higher prevalence of violence and theft, which might have direct consequences for you or your environment.
The sums spent on this are trivial to governments. California HSR costs much more than bringing a rocket to life. The annual cost of dialysis to the American government is many times what SpaceX or Blue Origin costs.
Any number of nations' governments could do this in a wealth perspective. And none have.
They have a lot more money than private companies. California HSR alone costs ten times or more than the Starship program. Annually, the American government spends some three or four times as much as the Starship program on dialysis for 0.2% of the population. Money is in abundance for a government.
Wealth is not a zero-sum game. Musk and Bezos have generated insane amounts of wealth for the American economy. They're not hoarding dollar bills in some vault like Scrooge McDuck lol.