• cygnus@lemmy.ca
    link
    fedilink
    arrow-up
    1
    ·
    3 months ago

    O’Kelley’s [sic] says billionaires represent “such an incredibly ludicrous waste of money in a world where there’s so many people who don’t have that,” but he says actually being one is also “othering”—separating you from the limits and consequences that define normal life. “There’s something about keeping connected to normalcy that is really, really important,” the entrepreneur explains. “I don’t want a yacht and I don’t ever want to be able to be without consequences. I think that’s the biggest risk, is, how can we be accountable when we have so much money we can buy anything?”

    He gets it. Past a certain point, wealth erodes your humanity. I think I’d have picked $100M too - at a safe 4% return that’s $4M per year, plenty for anybody to live on but not megayacht money.

  • ideonek@piefed.social
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    I reserve my praises until I learn how exactly he gave away the money. Family-controlled foundations that only do political lobbing while avoiding taxes are a thing .