Quote:
Originally Posted by David Atkatz
Gimme a break. They could each afford to do incredible good worldwide. And without compromising one iota of their standard of living. But do they? No. And are you really serious about them needing extreme (if by "extreme' you really mean "obscene") wealth as a motivator? Do you think that if we cut Musk's $400B fortune down to, say, $100B (Or his $1T Tesla pay package down to, oh, I don't know, say another $100B), he'd lose all his motivation and just lay about, drinking beer and playing video games?
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It's how a lot of them "keep score," and it also happens to provide the capital investment for other entrepreneurs. Do they do good? A hell of a lot more than you or me, that's for sure. Ask an economist whether they should be taxed more, and they would probably say that the tax system overall should provide a safety net for everybody, but that investing their excess wealth in the general economy is probably a better use of it than giving it away. There's a happy medium to all of this, of course.