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    The_Icarian (the_icarian@federated.press)'s status on Sunday, 11-Aug-2024 03:34:22 JSTThe_IcarianThe_Icarian

    A billion dollars is, to state the obvious, a lot of money. If Jeff Bezos were to fill a sack with $5,000 every day—365 days a year—and hand it over to you, he would only exhaust one billion dollars after 548 years (and still have $203 billion left).

    To put that into perspective, 548 years ago was 1476, quite some time before Columbus landed in America.

    Billionaires and the Power of Verticality
    https://www.forkingpaths.co/p/billionaires-and-the-power-of-verticality

    In conversationSunday, 11-Aug-2024 03:34:22 JST from federated.presspermalink

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      Billionaires and the Power of Verticality
      from Brian Klaas
      Social problems can sometimes be solved by stacking lots of money in one place, all at once. How do we reconcile the transformative impact of philanthropy with the destructive power of billionaires?
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