am i crazy to think extreme individual wealth is immoral? that in an ideal world, the billions gates has paid in donations should actually be managed by the people/govt?
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Wealth = resources to be invested. Doesn't matter as much who makes the investment as *what* you invest in. Govts can mismanage just as much as oligarchs. Buying yachts & building palaces = poor investment; building nukes = also poor investment. Gates donations = actually p good
Consider also that "managed by the people" is an illusion, as resources end up managed by *specific* ppl. Independently of who makes the decisions, you want available resources to be well-invested, & historically neither bureaucracies nor oligarchs have proven very good at that
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Moral wealth is not wealth that's in the hands of the government, or the mega-rich, or even large numbers of middle-class people. Moral wealth is wealth that's invested in the future. And all of the above categories have the potential to mis-invest in tragic ways.
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Yes but if money isn't well invested by X governement, people can choose to elect an other one (though the choice is very limited at a national level). But there're almost no practical way to take action against bad billionaires.
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number of people less important than who those people are accountable to. also, i notice the europeans replying here seem to have more faith in the govt to make good decisions, the americans more faith in private orgs. maybe education differences?
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I wonder how much this corresponds to different cultural attitudes about government vs. actual behaviors of government. The U.S. government visibly spends a lot of its money on military, many European governments visibly spend their money on healthcare.
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