this post was submitted on 16 Aug 2023
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Late Stage Capitalism
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Maybe its cause I’ll never be a billionaire that I don’t understand it. But can anyone ELI5 what you could possibly do with that much money except to give it all away or pass it along to your next of kin when you die? It’s physically impossible to spend all that money, right?
It’s a score. It’s how well you do at capitalism. Number goes up, you did good. It’s not a practical thing. Even at 1bn they had enough to set them, their kids and their grandkids up for life. It’s all about the bragging rights.
It's enough to set up the rest of your family for life forever via passive income (unless one of your fail children spend it all which is always possible)