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A comment on Bezos donates $100M each to CNN contributor Van Jones and chef Jose Andres. Parent comment

Re:Bezos donates $100M each to CNN contributor Van Jones and... by riantogo on Wednesday July 21, 2021 @04:23PM (#27911648)
That is the romanticized version. The history of man is exploration, expansion and exploitation. Destroying everything nice in its path. We destroyed other species, our own species if they looked different, and finally we have all but destroyed the planet. Rather than staying on that path maybe a better approach for humanity is compassion, kindness and helping each other out.

Having said that, I'm totally okay with billionaires spending money on such activities as it puts money back in the economy. The more the better.

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by WalterBright on Wednesday July 21, 2021 @04:26PM (#27911686)
> as it puts money back in the economy

That's the rich people hoarding cash theory.

They don't hoard any cash. All of it is invested in the economy. Even "cash" deposits in the bank are, as the bank loans out a multiple of those deposits.

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by dane-pgp on Wednesday July 21, 2021 @10:51PM (#27914749)
> They don't hoard any cash.

Instead they spend it on lobbying politicians (or becoming politicians) to pass laws that make it easier for them to make money at the expense of everyone else.

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Re:Bezos donates $100M each to CNN contributor Van Jones and... by WalterBright on Thursday July 22, 2021 @02:40AM (#27916127)
They don't do a very good job of it. For example, Washington's Congressman Jayapal introduced legislation to wreck Amazon (headquartered in the state and which drives a big part of the state's economy). Amazon also proved to be completely ineffectual at stopping Seattle from passing an "Amazon Tax" (yes, the politicians even called it that).
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Re:Bezos donates $100M each to CNN contributor Van Jones and... by rcMgD2BwE72F on Wednesday July 21, 2021 @05:34PM (#27912501)
Rich people hoard bitcoins, now.
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Re:Bezos donates $100M each to CNN contributor Van Jones and... by WalterBright on Wednesday July 21, 2021 @06:29PM (#27912995)
The money they paid for the bitcoin went into the economy.
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Re:Bezos donates $100M each to CNN contributor Van Jones and... by rcMgD2BwE72F on Thursday July 22, 2021 @10:13AM (#27919104)
Or into stocks. Or into existing real estate. Or into existing "NFT" arts. Or into any other bubble. When you print money, rich people can get price to inflate without any trickling down.
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