The point was to stir the pot and get others involved in a dialog.
As for your “ventures” justification, you sound a little entranced with Elon.
No one man or woman NEEDS billions of dollars for satellites, space travel initiatives, or to purchase platforms under the guise of “removing censorship” we saw how that played out.
If at all, it would be much safer for multiple parties or entities to come together in an alliance to accomplish the goals you mentioned. Thus mitigating risks, both financial and moral, by spreading the power, responsibility and debt that would be required to launch such a campaign.
Furthermore, I would like to suggest an experiment that you can perform in the saftey of your own home simply using a notepad, which may help you grasp the scale of what $1,000,000,000 dollars in actual wealth would feel like:
Open your notepad and type the chrs: $100,000 followed by a space. Copy this string then paste it 6 times. Now copy this new string followed by a break or carriage return and paste this output 1,667 times.
You would end up with a grand total of $200,000 over a billion which is clear… but I would like you to have a friend go into your new, very lengthy text file and randomly remove one $100,000 from any line of the 1,667. After, return to your computer and see how long it takes you (scrolling manually no find features etc) to visibly identify which line is missing $100,000.
Maybe then it might sink in, that a person with $1B in liquid fiat could simply “lose” a hundred thousand dollars and it would be inconsequential to their life.
Then go ask your neighbor, or a family member how they would feel or react to randomly losing, discarding, or missing and opportunity to make a hundred thousand dollars.
If you’re feeling froggy, you could copy your entire notepad before your friend removes the hundred thousand, make sure of the carriage return at the end, and paste THE ENTIRE NOTEPAD, Five Hundred Thousand One Hundred Fourteen times to represent your Demi-gods wealth… then try again.
Then ask yourself is there such a thing, as too much wealth, for one human being…
quotingI fully disagree with this. Some ventures are extremely expensive. If I wanted to further space travel, launch satellites to provide the world with internet, kickstart an underground travel infrastructure, or buy one of the only popular platforms to dial back censorship—I’d need billions. Any large project has extreme capital requirements. Relying on the state and ONLY the state for everything expensive is a risky proposition when we’re talking about progressing humanity forward. You’re fully hoping that the state isn’t wasteful, is competent, and is accountable. You’re tethered to the outcomes of the state with nothing happening in the private sector.
note1dtu…mnyk
The idea that capital is used solely for personal consumption is extremely misguided. The truly wealthy only use a small percentage of their assets for themselves. A large percentage goes into businesses and projects.