[forapurpose]

> Except if they don't. ...

Except when the billionaire doesn't. Is there evidence that billionaires donate a greater proportion of their wealth or more effectively than millionaires? Is a market of 1 more efficient than a market of 1,000?

I'd bet that the law of large numbers applies here, and the 1,000 people are overall more consistent than 1 person, and less prone to extreme swings.

It sounds like the trickle-down economics version of philanthropy.

[lorenzorhoades]

We have exactly what your explaining in the form of taxes, and the outcomes are terrible. We spend $1B on a healthcare website, that other companies have duplicated for a mere decimal point of the price. Not only that, but it actually turned out worse, cause now it's mandatory to have Healthcare, and for those who can't afford the "affordable health care plan", now have an additional payments in "penalties" for not being able to afford it and they STILL don't have health insurance. This is just one point of a thousand were socialistic practices are completely contrary to the original point. Let the people who create enough value to the world decide where they want to spend their money.