The thing is the government doesn't need that money as much as the people do. The government can just manufacture as much money as it needs to do whatever it wants. So if you're a billionaire and you decide to give all your money to the government thinking that'll do any good, that's a huge skill issue. You could've done a lot more good with that money than to just throw it in the money hole Onion-style.
The government manufacturing money inflates existing money which is essentially a tax on people who rely on currency more than assets which is the poor and middle class.
I completely agree with you about billionaires being able to do more good with their money than the government.
Being able to? Perhaps. Actually doing more good with their money? I have yet to see it writ large. (10 out of thousands is a pathetic proportion to use as evidence for this.)
I agree. I know every one loves to hate Elon on here and arguably for good reasons BUT hes one of the few rich people actually doing things to advance humanity and lord it over the peasants.
It feels like most of the other rich people just sit on their money.