Uplifting News
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Chiming in to agree with you since for some reason you’re getting downvoted… no ethical billionaires. None.
I love Taylor Swift. A billionaire. She certainly gives a LOT back to others, the community ant large, etc. In many ways, I really believe we made the right person famous.
But there’s no justification for her to be a billionaire, she and all billionaires should be trying every day to lower their bottom line, not selling multiple copies of the same vinyl in different colors, as a small for instance.
What about if they can't give their billions away?
Like, consider Swift. She has an extravagant lifestyle, but it's clearly not a billionaire lifestyle. She doesn't own multiple islands, isn't blowing up rockets, stuff like that. She's worth billions, but that also means she could not give that wealth away even if she wants to.
It's a big problem in our modern society that we attribute a perceived, entirely imaginative, form of worth to someone in a monetary number. Being "worth" something isn't "having" that wealth. In particular for artists, where the worth is usually to whoever is making money from selling your work (i.e.: the labels).
I disagree that she cannot give her wealth away.
Many wealthy hold stock and take loans to pay their lifestyle. They can similarly take loans to fund charities.
Taylor Swift could fund charities. She could highlight charities to support. (She may already, I don't know her.)
Edit: I do not believe her "worth" as a billionaire includes potential, but rather what she currently owns.
There is an amount of her assets and such that she couldn’t and shouldn’t be expected to give away. But she gave $1M to food pantries in each of the cities she toured the last 2 years and also gave millions in bonuses. And she probably didn’t feel any poorer. But I think because her dad was in finance and she started so young, many good business decisions were made so that her wealth just compounds no matter what she does.
It should be up to her and her team to allocate which charities and such she gives, sure.
But she’s an American billionaire, and is by design, not taxed as much as she should be, and that is the crux of the entire issue.
Yeah that is true of course. #TaxTheRich applies of course.