It’s remarkable to me that he could personally afford to fix Puerto Rico’s critical infrastructure, and still be among the top 10 billionaires in the USA afterwards. He could afford to completely repair Puerto Rico and still have enough money to be in the top 20.
Jeff Bezos could afford to personally end world hunger for a year and still be among the top 10 US billionaires. He could feed the entire planet for 3 years and still be in the top 20.
If you had $133.2 billion in a savings account with an interest rate of 0.06% (the average rate), you would receive $79.9 million in interest every year without having to do anything. All he needs to do is keep breathing, and he will make 57 times more this year than an average US citizen will make in their entire lifetime.
He could spend $80 million this year and would not even notice its absence.
It’s estimated that it would take $55 million and a year of work to fix Flint, MI’s water supply.
I’m just saying.
I can’t imagine having that kind of money and NOT trying to help others with it.
It is a perfectly encapsulated display of the utter rotting failure of capitalism that the only sort of person who has that sort of wealth is exactly the sort of person who will not help others with it.
Any decent person won’t acquire that much money in the first place because to get that much money, one must make the sorts of decisions that a decent person would not. Not just once, but repeatedly, often, and perpetually, becoming a billionaire or even a multi-millionaire literally requires exploiting people. Without being the sort of person who considers personal wealth more important than the welfare of others it is literally impossible to achieve and maintain that sort of wealth.
The toughest lesson one learns regarding economics, is that capilatilsm welcomes, celebrates, and thrives on inequality.