Only if the wealth is redistributed to the masses though.
Yeah exactly. Normal inheritance means their kids or spouse inherit, and the number of billionaires remains the same.
Fun fact, if I were to inherit the wealth of a billionaire family member who was shot in public I’d get philanthropic real fast!
I was thinking about this the other day. If I had half a trillion dollars (like the guy who just bought the presidency) I would spend it building a city from scratch. A walkable/bikeable city with free public transportation. I don’t have enough expertise to speak about affordable housing ideas, but with that amount of money I can pay someone to come up with some good regulations. Don’t know why but that’d be my passion project.
Many people say this. However of those who talk the talk, barely any ever walk the walk.
However I think if you are born an heir to a billionaire, you’d lack the perspective which might foster selfless philanthropy.
I’d like to think that if someone from the working class would randomly get such money they would. But it still seems unlikely.