Yeah, and if they put it into an S&P500 fund, they're likely to earn about double that long term, which is even more depressing.
That's kind of what I am getting at; a billion US dollars is basically infinite money. With that much, you can easily get more money than most people will see in their entire lifetimes by literally doing nothing. I do not understand why they want more at that point.
The reason I want more money is so that I can buy more or better stuff than I have right now. More money translates to a tangible thing. As far as I can tell, the only motivation for a billionaire to accrue more money is just to watch a number get larger, and if that is your motivation to do something, then clearly something is wrong with your fucking head. If you're willing to screw over everyone by lobbying to lower taxes solely so you can watch a number grow, then you kind of have to be a sociopath.
I can understand the desire to continue to grow your companies, but no I do not understand the motivation to make more money when you already have more money than God. At that point, the drive to get more money seems like it’s primarily about watching a line go up.
It’s a subtle difference; I understand corporations trying to lower corporate taxes and the like, but there are lots of attempts from billionaires to lower their personal taxes by creating loopholes and bribing congress away from a wealth tax. That’s about personal wealth, and no, I cannot think of other reasons, no matter how dismissively you ask.
I save money to buy a bigger house, or fund my retirement, or to buy a car, but by the time you’re a billionaire you don’t have to worry about any of that. You can buy dozens of nice houses, you can stash away $20 million into a savings account and still be set for retirement, you can buy a new car every week, etc. A billion dollars is infinite money for an individual human, let alone multiple billions. It’s impossible to justify “more”.
That's kind of what I am getting at; a billion US dollars is basically infinite money. With that much, you can easily get more money than most people will see in their entire lifetimes by literally doing nothing. I do not understand why they want more at that point.
The reason I want more money is so that I can buy more or better stuff than I have right now. More money translates to a tangible thing. As far as I can tell, the only motivation for a billionaire to accrue more money is just to watch a number get larger, and if that is your motivation to do something, then clearly something is wrong with your fucking head. If you're willing to screw over everyone by lobbying to lower taxes solely so you can watch a number grow, then you kind of have to be a sociopath.