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by javajosh
2108 days ago
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Sorry you're getting down-votes, because I think you bring up a very important point. We as a society should understand the trade-offs involved when we allow individuals to accumulate truly vast wealth. In general terms, this increases the variance in how the money can be spent. One guy might give it away, another builds rockets, another buys gilded toilets for his estate. Individual decision makers can do much better than government (the benevolent dictator...of their own money) and much worse (irresponsible or even damaging use of it). Government use is less efficient, but also has less variance: it will be spent on a similar range of things, but closer to the middle. |
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