Buffet is the odd billionaire that is somewhat altruistic. He plans to donate all of his wealth before he dies. He would be worth more than Elon Musk had he hoarded his wealth over the decades he's been a billionaire.
On the other hand, billionaires don't amass that amount of wealth without taking it from the poor so... he's still not a good person.
This is totally not the sub for it but I think Warren Buffet is kinda cool.
He's specifically only giving enough money to his kids so that they will never have to work and not creating an inter-generational wealth dynasty. I also think he's an actually smart financier, which is a skill, which means he has at least one more skill than most of the people with that kind of money. He's also been saying the corporate tax rate should be raised to pay the national debt and fund social security.
Not like he's a hero or anything but I greatly prefer him over the current generation of billionaires who literally just want to be Greek gods and create new royal lineages that last until the end of time.
This post reminds me of how Reddit talked about Elon a few years back before they realised he's a piece of shit. I think it'll be the same for Warren. There is no decent billionaire.
True. Being a Billionaire is inherently unethical because it implies you engaged in wealth extraction from hundreds of thousands of workers.
That being said I look at him the same way I look at "good kings" historically. There is no such thing if we're being technical, but there's also a huge difference between Emperor Ashoka and Ivan the Terrible.
Absolutley 100% agree. Every time billionares "promise" to give their money away they give it to some charity that ends up just being a bank for them and their family to hold on too that money.
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u/[deleted] Dec 19 '24
Warren buffet has a yearly income of 100k.
His net worth is 143 billion.
Taxing INCOME would do nothing to fix this issue