Billionaires are WORTH billions. They don’t HAVE billions IN their bank account. If they did, they wouldn’t be billionaires for long because having money sitting in the bank is considered wasteful. They invest in businesses and have assets that are worth a lot of money, which gets taken into account when you see their net worth. Their money helps run other businesses literally this is what investing is, this is how rich people stay rich and whether you like it or not, you’re reaping the benefits of their money circulating and paying for the advancement of whatever business they decide to invest in. And that money usually STAYS IN THE BUSINESS cause liquidating assets means paying tax for earning that realized income, and the higher revenue you get, the more tax you pay. These people can’t just buy houses left and right, literally every business connected with them would suffer if they just gave away money like that. They use credit cards
and pocket change like normal people, except their credit cards have no limit because the bank knows they can trust that they’ll get their money at the end of the day despite these billionaires not having them in the bank.
And buying houses for homeless people is like putting a bandaid on a broken leg like, it’s not gonna do much to fix the homelessness problem, there’s many reason why people end up homeless, maybe they were irresponsible, addicted to drugs, or just unlucky. You can’t be sure how many of these people you “give free houses” to will make use of the opportunity to get themselves out of the hole they’ve been stuck in, or if they even can if you consider each of their circumstances and environment. A better use of money is to give to a charity that helps homeless people get back on their feet, teaches them about being frugal, teaches them how to make a good impression in interviews and highlight their skills so that they can
get jobs and keep them, charities that help feed and house the homeless until they can find their footing and become productive members of society, etc. Not only does this increase the chance that your money won’t be going to waste, it’s also a charity, so you get taxed less for the amount of money you give.
And even this isn’t enough to fix the homeless problem??? Charity is a short term solution for this particular problem. There are systems in place in our society right now that are forcing people into the streets. No amount of charity or free houses will fucking fix it, this shit is complex. If you REALLY want to help make a long term difference and not just feel good about sharing your money blindly and thinking you made a difference, go study political science and law and shit, and be a politician and fight against the people who are taking advantage of these systems and change it. It will take YEARS and probably generations to do it, but someone has to
take the step and do it or else it’ll never be done.
And like holy shit, charity isn’t the only way to help people in need, like, you can either donate to like idk a cancer society so that they can pay for ONE person to get chemo and that person may or may not get better, or you can invest your money into a pharmaceutical/medical company who want to make medical advancements so that they can eradicate cancer in the future. Which choice do you think is better? Maybe save one person a year, or save everyone else in the future ever from having cancer.
Stop saying billionaires should give their money away, it’s not realistic and it’s such a shallow view of what’s happening in the world and society. More often than not, these billionaires are for sure doing more with their money than any middle class person does with theirs. Their money doesn’t just sit in the bank, it’s circulated, and just cause they’re not giving to charity do
esn’t mean they’re not finding some other means of being altruistic in a way that doesn’t waste the money that they have.