[otabdeveloper4]

Money is not wealth. Once you have more of it than is necessary for basic needs, you have to figure out a way to get rid of it and exchange it for real wealth. Investing it in "tech" is an easy and dumb solution to the problem.

[Ekaros]

Also wealth is not money... Owning million of unliquid asset is not money.

[boxed]

The problem is that the 0.1% don't seem to really understand this. If they did we would se massive investments in basic science and medicine from them. But we don't. Instead most of them seem to treat their wealth as internet points to compare to other super rich.

[bombolo]

They want investments with short term returns… and basic science isn't that.

[boxed]

But that's exactly because they're being stupid. Only basic science or medicine has any chance of making any significant impact on their lives. And most of the potential basic science impact will do so via medicine. Being a billionaire won't protect you from cancer and multi resistant bacteria.

They are missing an opportunity to increase their life span and life quality and do the same for their children. Only very few billionaires understand this, Bill Gates being maybe the most obvious example.

[bombolo]

Bill Gates is a lot of talk but I suspect he's using his funds to push microsoft onto poor countries that would otherwise default to linux.

[boxed]

You are very mistaken.