Frankly, imho, billionaires shouldn't even exist. No one person can get that much wealth, that much power, that much influence, without losing their humanity, their decency. It's just not possible because the only way to accrue that much wealth is to do horrifically indecent things.
So, do I recognize what you're saying? Certainly. But I won't be shedding a tear of sympathy for them. I lose all sympathy for them when they step on the necks of everyday people to get where they are.
Succeeding at business does not alone make you a billionaire; that's a whole new level above "successful business owner". Most successful business owners are millionaires but not billionaires. As I said, no one becomes a billionaire without doing horrible things because said horrible things are exactly how you amass such a large amount of wealth amongst a single person.
Also, winning the lottery to the extent of becoming a billionaire is neither common (that's the understatement of the millennium) nor a business. It is a gamble, and a gamble millions of people lose every day because they refuse or fail to understand the sheer improbability of "getting the big one" and the sheer degree to which said gambles are stacked against the "player".
> As I said, no one becomes a billionaire without doing horrible things because said horrible things are exactly how you amass such a large amount of wealth amongst a single person.
Not exactly true.
Andrew Forrest became a billionaire via Fortescue Metals and leveraging development of vast iron ore fields for sale to China. Since then he's focused on renewable energy to reduce harmful emissions in resource mining. He has skated some questionable activities in a humane and considered way but he's far from scum of the earth.
Gina Rinehart became a billionaire by virtue of being born to a self made billionaire. Her father got there by mining Blue Asbestos and exporting lung disease across the planet, followed up by also exploiting iron ore fields (although decades prior to Forrest). Lang Hancock (the father of Rinehardt) was a person of questionable values, Gina is a terrible human being with scany regard for others.
The same Andrew Forrest whose company were found to have knowingly destroyed hundreds of local Australian aboriginal sacred sites in its mining operations? Also, he's a billionaire. He may not be "scum of the earth", and maybe he's tried to do better in his latter days, but he still got horrifically rich off of everyday workers' sweat, injuries, and hardships (mining is no joke).
Besides, this philanthropy is largely just token restitution, at best. No one needs to be that wealthy to live more than comfortable. If he really wanted to help the world, he would use enough of his wealth so as to no longer be a billionaire.
People vastly underestimate just how much a billion dollars is compared to a million dollars, or even 500 million dollars. He could literally give away 99% of his wealth and still "only" have 10 million dollars. And as of of 2023 he had 33 times that much.
No one needs to hog that much of the world's resources. It is neither just nor equitable.
Are you comfortable blaming individuals like Forrest for the destruction that global consumption of iron, copper, and renewables brings, or would you rather 'fess up to collective responsiblity?
The largest Copper resource in the US currently is on naive American sacred land, and the latest proposal for providing rare earth elements essntial for modern lifestyles would disrupt a river system that spans a land area similar in size to Texas.
Do you wish to blame Forrest for these things, or the end customers and their demands?
NB: I've things to attend to now, I'll be back in some hours if you've an interest in all this.
It is our collective society's fault, yes, but the billionaires are the ones who exploit it. They are just as bad, if not worse.
Also, apologies, but I edited my above comment, and wasn't able to submit it before you replied.
And no worries. Good luck on your things. Honestly, I'm kinda done with this conversation, as interesting as it has been. It feels like it's run its course.
It's a pity you bailed, no drama - it's an area of long term interest to me and from the look of your comment you've never worked in mining, you've assumed Forrest never has, nor worked the land, and took an ankle deep search for "bad things about Forrest".
The interesting thing about Forrest is he grew up on Aboriginal land side by side with aboriginal people who themselves have deeply divided views about their past and their future - Forrest has gone well out of his way to provide jobs and education for native people and to sit down at length and discuss deeply contentious issues.
In a domain rife with trolley problems he's been considerably better than most, still with unavoidable warts, and hasn't blown up and destroyed anything on the order of that which Rio Tinto and US Gas companies have.
If you lack any on the ground local context and knowledge there's no shartage of bad press about Forrest, he gets no end of it from the likes of Gina Rhinehart, Clive Palmer, and other resource billionaires who despise him for turning much of his wealth to a greater good (an area of debate, of course) and suggesting that others do the same.
I've known both her and Forrest pretty much my entire life, her land is just to north of where Forrest is operating, she is dealing with many issues - some of which are touched upon here: https://www.youtube.com/watch?v=Lt6Hmp9ndkI
( Mainly about Canada, but comes back to touch upon Jill's 50,000 year strong family art collection )
> It is our collective society's fault, yes, but the billionaires are the ones who exploit it.
I'd be interested in your suggestions for how to do better.
Bear in mind that if individual billionaires were not operating here then the demand for resources would still exist and would be met by corporations (eg: Rio Tinto) who would chew through the landscape just as you claim others do: https://antar.org.au/issues/cultural-heritage/the-destructio...
I mean Masa will make you a billionaire if you just have a shit business idea you’re enthusiastic enough about, no need to be a terrible person.
Compared to the amount of billionaires there are also relatively many lottery jackpots that will get you there if you just stick your winnings in an index fund.
Not to mention that there’s a decent amount of people who become billionaires by just working on relatively boring ”normal” business like real estate development, where some luck, good decisions and leveraging bank loans will get you there without having to be a slumlord or doing anything terrible.
Frankly, imho, billionaires shouldn't even exist. No one person can get that much wealth, that much power, that much influence, without losing their humanity, their decency. It's just not possible because the only way to accrue that much wealth is to do horrifically indecent things.
So, do I recognize what you're saying? Certainly. But I won't be shedding a tear of sympathy for them. I lose all sympathy for them when they step on the necks of everyday people to get where they are.