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Can a rich person be a good person? (kbin.social)

submitted 1 year ago by [email protected] to c/[email protected]

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I don't mean doctor-making-150k-a-year rich, I mean properly rich with millions to billions of dollars.

I think many will say yes, they can be, though it may be rare. I was tempted to. I thought more about it and I wondered, are you really a good person if you're hoarding enough money you and your family couldn't spend in 10 lifetimes?

I thought, if you're a good person, you wouldn't be rich. And if you're properly rich you're probably not a good person.

I don't know if it's fair or naive to say, but that's what I thought. Whether it's what I believe requires more thought.

There are a handful of ex-millionaires who are no longer millionaires because they cared for others in a way they couldn't care for themselves. Only a handful of course, I would say they are good people.

And in order to stay rich, you have to play your role and participate in a society that oppresses the poor which in turn maintains your wealth. Are you really still capable of being a good person?

Very curious about people's thoughts on this.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

I think a lot of people here are confusing liquid assets/cash and genuinely believe millionaires and billionaires have this as pure cash in their bank accounts.

In reality, a lot of the money is tied up in non-liquid assets like property, physical assets, and stocks.

Sure these wealthy people can sell their shares for example, but if they sell too many at once, it will drop the value of the shares.

This is likely why Elon Musk can't afford to pay his bills. Not only is he a grifter and a loser, he's likely extremely cash poor and doesn't have enough liquidity to pay his debts. It's unlikely he'll ever admit this however.

Arguably, the majority of the money these billionares have is essentially speculative.

The more you think about how the economy works, the more you realize how much of a facade it really is. The stock market is a huge sham as well. Most stocks simply don't exist and the amount of value manipulation that occurs is astounding. It's all fake.

I think the sooner we begin to realize that the economy is one giant paper tiger and if we just start telling banks and other "money" purveyors that lock us into our flawed system to go fuck themselves, we can really take away the power from "the rich."

[–] [email protected] 1 points 1 year ago

In reality, a lot of the money is tied up in non-liquid assets like property, physical assets, and stocks.

So what?