Most billionaires’ wealth is in the form of stock in the companies they created, unlike multi-millionaire musicians who typically have a larger % liquid assets like cash.
If they sell their stock and give it away, they lose control of their companies. Musicians on the other hand can still retain ownership of their creative works even if they give everything away.
It wouldn’t be reasonable to ask her to sell all the rights to her music to feed the poor, obviously. We also shouldn’t act like billionaires are bad people just because they want to hold their stock in the company they created. Creating a valuable company is a good thing, not a bad thing. It has all kinds of positive ramifications for society and the economy.
Economic activity and growth is the true engine to eliminate poverty. Not simply giving your company away.
Sounds great to say, very populist, but doesn’t actually make people better off.
Super Heavy will generate a sonic boom upon return, which is a brief, thunder-like noise we hear when an aircraft or other object travels faster than the speed of sound
July 20th, 1969 is a date that stands high in my life – it was the day that we, together as one people, achieved the greatest scientific and technological feat in human history. The specific role that Neil, Mike and I performed in the event was but one part of an immeasurably larger effort – not just for our nation, but for all mankind. As I look back on what we accomplished 55 years ago, I am still inspired by what we all saw and did – the best of America and the best of humanity. Thank you for the privilege and the honor of serving you, and for being part of this exciting and wonderous journey with me. #Apollo11