Comment Re:Alleviating problems (Score 1) 238
Yup! People think that $206B is a lot and say it should be used to help the poor, but consider that $206B evenly spread across *just* the population of the USA is only $628 per person. Would an extra paycheck or two fix any long-term problems? Probably not.
$628 is a lot of money. If you don't see it as a lot -- a lot -- of money, then you aren't poor. $628 per family member would certainly solve a few families' long-term problems. And if $206B in payouts were directed specifically to Americans below the poverty line (13.7% of Americans in 2021, says Google), that's $4,584 per person. It's hard to imagine sums that huge not lifting thousands of Americans out of poverty.
But, all that money in the hands of one person apparently can (1) employ lots of people, (2) push the boundaries of science and technology, and (3) inspire people to create a better future.
So can huge cash transfers to the poor.
Do you have any evidence that keeping all that money in Bezos' hands is more effective at achieving these societal goods than giving lots of money to lots of poor people?
... experimental evidence at this scale doesn't exist. Somebody would need to transform your 1-2-3 stated objectives into measurable scales; save up $206B; give it to hundreds of thousands of poor people; and monitor value delivered to society. Only a government can do this.
Evidently, the U.S. government isn't trying this. But other governments and nonprofits are trying, at smaller scales. In international development, simply-giving-away-money is a hot research topic since maybe 10 years ago. (Shockingly, nobody has tested this until recently.) The research term is "unconditional cash transfers". Google for papers and you'll see that UCTs alleviate short-term extreme poverty (duh) and generally produce a pleasant bundle of long-term bonuses to society at large. For any sensible definition of "good", UCTs produce good value for money. (e.g., read ICAI report in UK, which monitors government spending.) UCTs give better value than clever ideas like, say, building schools or propping up dictators.
As for the fact that he *has* lots of money and can spend it how he pleases is, well, a side effect of capitalism. You don't agree? Start your own megacompany and show us how it's done
Bezos is king of the castle and we're the dirty rascals. He has the high ground now, so we won't have as easy a time building a megacompany as he did.