why don't billionaires end poverty?

>>60496381 (OP)
They already did end their poverty, d'uh.

We made everyone in Zimbabwe Trillionaires.

>>60496381 (OP)
Because they hate people slightly above or directly below them and you're a great means of leverage to maintain our advance their own status. In all seriousness if someone can be a billionaire the economic system is already such that social safety nets entitlements and regulation have all essentially imploded. Even taxation wouldn't have an impact on real debt or meaningfully translate into pro-social programs due to the reasons I stated.

The billionaires could use their concentrated wealth disparity due to the extractive economic system I described to actually change the system itself by the same exploitative and corruptive means they use to become billionaires but that would require a level of class solidarity that is only seen when however minor the ruling class' wealth is threatened.

really makes you wonder what the real motivation is once you have so much money nothing is a challenge to obtain anymore EXCEPT FOR SOLVING MASSIVE PROBLEMS WITH THE WORLD. They for some reason no longer care about obtaining the unobtainable because ultimately they're all subhuman

I'm from Buenos Aires...

>>60496381 (OP)
>>60496590
>>60496934
Hey retards: billionaires can’t just go to Wells Fargo, cash a check for 5 billion and use it to feed everyone.

Most billionaires wealth is tied up in company assets they can’t actually cash out.

>>60496590
Like during occupy wall street, except instead they warped everything

>>60496954
funny how their money becomes too tied up to help but they write a blank check for anything they want

>>60496969
I’m not defending their morality, I’m just saying they don’t literally have a billion sitting liquid in a checking account

because poverty is not a money issue, it's a value issue. shitskins dont add any value to society, they just leech

also "billionaire" is a poor qualifier you mean hundreds of billions to trillionaire
>>60496987
>my money is tied up
>buy yacht #4, mansion #6, private island, private jet, etc

>>60496996
You can do all of that with less than ~$100 million

>>60497006
the cheapest of each sure but that's just the beginning they don't buy value shit

>>60496969
>>60496996
They sell tied up assets like stocks for it, a miniscule part though

To get ALL their billions they wouldve to sell all their stocks, i hope i dont need to explain why thats a bad idea

>>60497024
Also, they often get that shit in the company’s name, not privately owned so the company eats the expenses and the tax implications.

Not saying that’s moral either, but that’s how they avoid taxes and maintenance fees.

>>60496381 (OP)
because you wouldn't have incentive to suck their dick if they did that, now line up for the hymen inspection

>>60497044
the megarich can simply take over any outfit they want they simply choose not to take over those that could solve world problems because it doesn't support their way of life

>>60496381 (OP)
What kinda poverty are we talking? If you’re saying billionaires should donate some of their excess money to starving Africans or refugees or war, sure. I agree with that, and I think most people who aren’t emotionally retarded Patrick Bateman wannabes would think so too.

But if you’re talking about the working poor in the first world, a lot of those people are in the positions they’re in because they spend every dime they’ve got before it’s even hit their account using credit, save essentially nothing for retirement, and treat education and discipline like it’s a contagion that will ruin their way of life. Giving these people free money is like adding gasoline to a bonfire. They’re not going to use it to better their lives. Remember that stimulus checks came at a time when a lot of poorer Americans couldn’t afford basics like utilities or even food, yet the data shows these checks just led to more luxury purchases like TVs or Pokemon cards. I’ll probably never be a billionaire, but if I was, the last thing I’d think to do is put more money in the hands of people who consume as a primary means of generating dopamine.

>>60497081
You know, I'd rather be emotionally retarded than functionally retarded.

>>60496987
Sure, it’s not THAT liquid, but they sell billions in stock all the time. Clearly not beyond their reason. Sure, they can’t fix all the worlds problems, but they could do a hell of a lot more.

>>60497241
It takes very little effort to be neither.

>>60496954
Not too tied up to lobby not too tied up for regulatory capture not too tied up to indirectly enact legislation not too tied up for marketing not to tied up to make every publication write the same message at the same time not too tight up to pay for biased studies not too tied up to take a direct role in politics while being involved in multiple publicly traded companies not too tied up to use that to disembowel everyone who slighted you and could possibly regulate your businesses.

Even if their money were as tied up as you claim even (it's not) 5% of 100 billion dollars would be plenty of money to engage in all the nefarious actions above. Furthermore, that much wealth disparity itself necessitates a political power imbalance independent of any money or assets directly changing hands. You don't even have to buy a company to become someone's boss's boss's boss's boss, you just travel in the extremely small circle of current moguls and you all have the same interest at stake when it comes to certain societal directions and ideas.

>>60496381 (OP)
Let's limit your question to the US. Let's also assume free market, free will, and the right of ownership continue to exist.
Suppose we divided all the money equally to every American citizen, creating a single middle-class. Given enough time, the upper and lower classes will re-emerge, because of how money moves. Generally speaking, those who become wealthy are providing more services and creating more value than those who aren't. If someone is able to produce something that you want but cannot create yourself, you have to pay them for it. Thus, the economy is like a vote. We collectively decide on what's important to us, and incentivize more of its production.
Instead of asking why the rich don't solve poverty, I would suggest you ask if the rich are improving everyone's quality of life. Of course, the answer is that they already are. That's why they are rich. We are living with widely available conveniences that are unimaginable to those who lived even a few decades ago. But if you are not satisfied with where we are at, you need to consider how you're voting with your own dollars. If you ask me, we incentivize too much entertainment. We regularly partake in activities that should only be rare luxuries. Those things cut into our natural, physical, and intellectual resources.
Look at this another way. If you want society to march towards greater abundance for everyone, you need to incentivize those who are actually working towards that goal. Ironically, that's the billionaire industrialists and technocrats that you probably blame for poverty.

>>60496381 (OP)
They already did, you live a more comfortable and luxurious lifestyle than 99.9% of humanity

>>60496381 (OP)
Ending poverty would cost trillions, just giving everyone on earth 1000 dollars would be 8 trillion

That’s why

>>60496381 (OP)
That’s the dumbest fucking question I’ve seen all day.

>>60497349
> Even if their money were as tied up as you claim even (it's not) 5% of 100 billion dollars would be plenty of money to engage in all the nefarious actions above.

That’s literally my point, I don’t know why you think I’m trying to debate the rest of the shit you said. Take it to Hasan Piker or Destiny’s chat and leave them a big tip, maybe they’ll read your comment.

>>60497352
This experiment has been carried out in real life, in every country that fell to communism and then liberated itself after.
Even with the redistribution being less fair than in your model (executions, songbun), the trend is for descendants of the filthy capitalists to re-emerge, even if they have been denied opportunities and kept at bare subsistence level due to their 'tainted' heritage.

>>60496381 (OP)
>submit proposal: Integrity DAO should become sentient
>devs confused
>someone deploys GPT into the treasury contracts
>DAO starts writing its own proposals
>first one says “I am not ready”
>second one burns the token supply
>third one starts farming onions

as long as we don't have perfect humanoid robots, there needs to be poor people. Every rich society had slaves. Now those slaves are the mexicans and the indians. That's why we need poverty

Why don't you ask them? Maybe they never thought of it

>>60496954
lol

>>60497916

>>60496381 (OP)
Because they couldn't if they tried and they don't care about you whatsoever and everyone of them that pretends to is doing so to control you or commodify your dependency/expectations of them to do so. Don't vy for central planning hell. Humble your expectations, enjoy what you have, realize how decadent modern "poverty" is and live your own sovereign life not looking for a sugar daddy.

>>60496381 (OP)
The entire global economy is based on fake numbers and accumulating debt, inflation and all that shit.
All rich faggots and billionaires could team up and it still wouldn't fix poverty.
Crashing the entire economy and starting over might.

>>60496381 (OP)
>why don't billionaires end poverty?

>>60496381 (OP)
Poverty isn’t really something just inflicted on someone; sometimes it can be, but at base it is a function of temperament with an intelligence threshold. Simply put, poverty in its truest sense is genetic.

>>60498201
dumbest take in the world. Ask yourself if you were born in mogidishu to a prostitute if you would be able to even earn enough money to post here.

Poverty is 100% being born to the wrong uterus.
There are very few regions in the world where poverty is not predestined if you are unlucky to be born poor. These are also the same reasons where hoards of people try to move to.

>>60498223
We’re talking about generational poverty here, by the way. There is no “put in the wrong uterus”. You are the product of your parents, their parents, their parents, and so on. You aren’t randomly put anywhere. To your silly example, what made your mother a prostitute in Mogadishu is very likely also in you; the traits, the afflictions, the attitudes, the spirits. She isn’t entirely cloned onto you, obviously, but don’t underestimate how much of her is a part of you and how much it isn’t an “accident” that she is a prostitute.

>>60496381 (OP)
Why don't YOU end poverty? If every person who thinks like you adopted one poor person into their homes and supported them that would end poverty! So be the change you want to see. If you can't end the poverty of just one person, how can you expect others to end all poverty?

>>60496381 (OP)
Because they can't end retards.
End retards first.
No, I don't mean down syndrome, they actually add to the world more than take away like npc normie retards.
You can never underestimate stupidity, the plague of the modern century...
The costs are Infinite when the self induced-desperate start robbing.

>>60498160
Do e the scientific community believe in natural selection or NOT?

>>60498441
Manipulated selection

>>60498441

Emergencies happen so aid is needed.
Many areas of the world live in continual state of near starvation... feeding these people just increases the number of people living near starvation.
Peace corps TRIED to teach these people how to live NOT near starvation... they REFUSED to learn.
You can not help those who REFUSE to be helped.

>>60496381 (OP)
I enjoy watching poor people suffer, it gives my life more meaning. If everyone was rich, I would just be another regular guy.

>>60496381 (OP)
Why dont people end their own poverty and become billionaires instead? Serious question btw, because if you're too stupid or dont work hard enough to earn and grow money, no one should help you

>>60497081
objectively speaking its better to let Africans starve. If they cant figure out how to feed themselves on their own, they have no business surviving, let alone shitting out 7 - 8 kids that will inevitably flood European shores. Aid programs to Africa were one of the greatest mistakes in human history

>>60497252
Hey retard. You're literally the person buying their stock.
It's real easy to sell a billion dollars of stock when hundreds of thousands of people will buy it $1,000 at a time.

>>60500566
Okay now go to Uganda and explain this to a starving child.

>>60498332
Your retardation must be genetic too. Many such cases. Genetics dont matter if there are hoards of men with guns running around killing people for fun. Or if there are floods or famine . You are random in terms of billions of sperms and thousands of eggs and trillions of combinations , without the randomness you would not exist . Also your argument is patently false if you look at rich dynasties and their loss of wealth. So no it is a lottery in terms of being born to the right womb.

>>60500748
>go to Uganda
Uhm planes are bad for the climate, chud.

>>60500748

you act like I would have any problem in doing that. That child likely only exists because of me anyway. I dont want my money going to it and I want to it coming to my shores when its older. The White savior complex is gross.

>>60500827
Racism has never benefited you in your entire life, and it never will. All it does is make people think you’re a coping retard, which you are.

>>60500920
Go back to r faggot. That anon is right. Low IQ nigs add nothing to humanity.

>>60500920
The funny thing is not even a racism thing, its sort of just an obvious truth about nature. If there are groups of people that are unable to obtain and provide food and clean water for themselves to support themselves and their family, what does it say about them? The laws of nature say they simply should and would die off. To put in financial terms, what the market say if their business was unsuccessful and not profitable? It would fail. Successful peoples should not have to support failures this way. Allow nature to do its thing. Its the fair and just approach

>>60496590
midwit

you give a rich person $10k they'll invest it
you give a poor person $10k they'll get a new $40k car

>>60500950
You’re right, they should pull themselves up by their bootstraps.

>>60500748
i'll let a lefty do it and explain why their poor parents should have aborted him and gone to college instead

>>60500795
This is well documented stuff man. I’m not talking out of my ass. You’re just speaking some reddit floating rock blank slate fairy tales. A pathetically ignorant view of the world and yourself.

>>60500920
If you employ your egalitarian philosophy in the wrong circumstance you could end up murdered and your wife raped.
If I employ my racist philosophy in the wrong circumstance some people might be offended. Your risk tolerance is out of wack.

>>60501012
Why are conservatives obsessed with their women being raped?

>>60501025
The difference is I have a problem with it and you don't.

>>60501044
The difference is I don’t shoehorn kink into conversations about poverty.

>>60496969
there's 7 billion people, you want them to give each person 1$?

>>60501238
when you have the money and power to own all the facilities to provide people with things then cost is no longer an object. why should working any job be shameful? if a human spends 40+ hours a week of their life working they should easily afford a home, transportation, food, bills and have money in savings not living paycheck to paycheck in debt at best. the system we live in is an utter sham and you defend it because you're a cuck plain and simple. you invent retarded scenarios such as these "give everyone $1 durrrr" to justify the failed system you support

Because oligarchs are grifters.

You can't sell corn for less than it costs to produce, unless you pay people to grow corn. This is a supply-side subsidy, social spending acts as a supply-side subsidy for labor, if a worker needs $x to exist they CAN'T sell their labor for less than $x, but what happens if we give them food stamps, subsided housing, Medicaid etc? Well now they can sell their labor for less than it costs to produce!

But wait! How were those social programs paid for? Deficit spending? You mean counterfeit money? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets) THIS is the driving force of the wage/productivity divergence seen since ‘71.

Notice that asset inflation also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers (really any boomer dominated field) get paid so poorly, $60k seems like a lot if you bought 20/30/40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.

The entire fiat grift rests on debasement outpacing wage growth, such that real wages fall while assets inflate (parasitic transfer of resources from income earners to oligarchs).

>>60496590
>social safety nets entitlements and regulation
Supply-side labor subsidies, slavemind.
>billionaires could change the system
Bottom-up, not top-down dull little statist.

Voluntary exchange, not some statist fairytale "social contract" frees us from the hobbesian war of all-against-all. We autonomously organize into the human superorganism that envelops the globe like a planetary slime mold because voluntary exchange is positive sum.

"The most for the most" is the unrelenting march of this superorganism because that's the most stable state, the invisible hand is an entropic process. It's why central planning can't work, and why the "governs least governs best", we're already always autonomously moving into a more stable state, entropy.

Money is economic signaling, it signals "this is/isn't a viable path forward", corruption of money is negative sum as it distorts that signaling.

As Szabo notes, trusted third parties are a security hole, using someone "real trustworthy" to guard money isn't a fix, the problem is the TTP, if you remove trust from money it can't be corrupted, trustless money provides an incorruptible signal and is therefore entropically favored and will happen in-the-limit.

get a job "poor" cunt this will end your self inflicted poverty

>>60501512
Bitcoin and crypto in general unironically solves this problem. Fiat currency is going to die in our lifetime.

>>60501444
Median household income in 1950 was 85toz of gold, slavemind.

>>60501821
do you expect anyone here to understand your gibberish

>>60501833
>empirical reality is “gibberish” to the slavemind
Sad.

>>60501852
im not supporting economic inequality dipshit

>>60501863
>statist slavemind
>doesn’t support economic distortion
Doubt. You support the State, you support monetary expansion, you aid and abet negative sum actors and their parasitism because memeshit makes you feel good.
>>60501551
Indeed, btc fixes it for those that avail themselves of the superior economic unit, however I don’t think fiat will die in our lifetimes, after all, equities and debt instruments have been useable as a pseudo-bitcoin to ameliorate the worst of fiat’s deleterious effects, yet instead of freeing themselves the wagie begs for more corruption.

I guess there is no wealth disparity in socialist countries, right

>>60498160
kek this.

Also, birds need to eat too.

>>60496590
Why is it always up to these so called billionaires to fix the problems in society? It has become so convenient for broke people to point at the rich for all of the woes in their life.

>>60502132
They are’t, but we allowed billionaires to exist by voting in political puppets of the rich. We could have voted for universal income, single payer healthcare, well maintained infrastructure but instead we got political toadies who handed our tax dollars and laws away to the already rich and powerful. Media manipulation and outright lying by political swindlers is to blame. We can’t expect people to act in good faith so we have to force ourselves to be decent human beings. But good luck having that happen in this day and age.

>>60502151
maybe next time.

>>60496381 (OP)
Foreign aid doesn't actually reduce poverty, there are countless research regarding this

>>60496381 (OP)
Some people are destined to live in poverty no matter how much you give them

>>60496381 (OP)
because rich people doesn't care, I had a situation the other day at integrity dao
Proposal #420: Send 1 ETH to random address to prove our purity
Passed
ETH lands in wallet vitalik.eth
Forum implodes
Was this destiny or insider job?

>>60500963
these people are insane friend, they see the second option as "40k creating GDP", and literally think the first guy is abusing everyone by making money(and paying people/making others money) because "all rich people are evil"

Like there are genuine mariantwonette moments, but this isnt one of them, the prime threat is the masses of idiots what cant do anything and parasite off of everyone else.

>>60496381 (OP)
They can't. There are eight billion human beings in the world. Elon musk could give everyone $8 if he could find a way to actually sell every single one of his assets. As a collective, the middle class and poor have far more money than the ultra wealthy. Crazy to think, but true.

Wealth isn't zero sum. Unless of course people stop getting wealth by creating it and simply start taking it from others. This kind of leftist ignorance has historically harmed far more poor than it has rich.

>>60496381 (OP)

Most of them help people by creating new goods and services. Material goods help pull people out of poverty.

>>60503402
This is spot on. People generate value, and subsequently, wealth.

Example: you decide you need to make money. You start picking truffles in the woods and selling them because there is demand for truffles. you just created value and wealth because some people can't or don't want to pick their own truffles. You just added value to the world.

Maybe picking truffles doesn't make you as much money as you would like, and you could work in a capitalists factory making cars for more money, because there is more demand for car making labor than there is truffle picking labor. Probably because there is more demand for cars, and it's harder to find those with the experience or desire to labor creating them.