Chao, the billionaire former CEO of dry bulk shipping giant Foremost Group, tragically died at the age of 50 on Feb. 10 after accidentally backing her car into the pond making a three-point turn.
You are thinking too much about this. No one deserves to be cruelly killed, especially not because of how much money they have. Them having money does not affect you directly. Don’t take it so personally. Don’t put those negative thoughts in your head.
I think it’s pretty clear that a billion dollars is too much money for one person to manage correctly. That’s why reasonable people like Warren Buffett are donating all their money to charity. Above $1 billion, people start buying giant yachts and relatively ugly houses that people will forget about in 20 years. Essentially, that money is wasted.
Buffett routinely talks about money as representing little “claim checks” on the productivity of American business. He clearly believes that he doesn’t deserve the majority of his wealth because it’s mostly an accident of fate, even though he has literally “earned it” by being one of the world’s best investors. If he didn’t have opportunity growing up, he says he would be an insurance actuary.
The real problem is that many billionaires are squandering the productivity of America on frivolous garbage. Small business loans or first time homebuyer loans would be a much better use of that money. Don’t ask for them to die, that just passes the torch to their kids who may waste even more money. Ask for higher corporate taxes.
You are thinking too much about this. No one deserves to be cruelly killed, especially not because of how much money they have. Them having money does not affect you directly. Don’t take it so personally. Don’t put those negative thoughts in your head.
I think it’s pretty clear that a billion dollars is too much money for one person to manage correctly. That’s why reasonable people like Warren Buffett are donating all their money to charity. Above $1 billion, people start buying giant yachts and relatively ugly houses that people will forget about in 20 years. Essentially, that money is wasted.
Buffett routinely talks about money as representing little “claim checks” on the productivity of American business. He clearly believes that he doesn’t deserve the majority of his wealth because it’s mostly an accident of fate, even though he has literally “earned it” by being one of the world’s best investors. If he didn’t have opportunity growing up, he says he would be an insurance actuary.
The real problem is that many billionaires are squandering the productivity of America on frivolous garbage. Small business loans or first time homebuyer loans would be a much better use of that money. Don’t ask for them to die, that just passes the torch to their kids who may waste even more money. Ask for higher corporate taxes.