this post was submitted on 08 Mar 2026
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[–] merc@sh.itjust.works 66 points 1 month ago (2 children)

Whenever I see people say: "I don't get it, if I were <insert billionaire's name here>, I'd immediately ".

survivorship bias

Anybody who is the kind of person who would spend their money to fix societal problems isn't going to wait until they're a billionaire to do it. They'll do it as soon as they think they have enough money to make a difference. That's what will prevent them from ever becoming a billionaire. It's a survivorship bias thing. Every billionaire you see is a person who could have fallen into the "trap" of helping other people with their absurd, vast wealth. But, they survived that temptation and instead kept accumulating wealth like a dragon in some fantasy story.

[–] DougHolland@lemmy.world 9 points 1 month ago (1 children)

This is true and very well said. I don't understand the accompanying graphic, however.

[–] Avicenna@programming.dev 16 points 1 month ago (1 children)
[–] DougHolland@lemmy.world 7 points 1 month ago

Brilliant — thanks. (:

[–] KittyCat@lemmy.world 3 points 1 month ago (2 children)

I could see becoming a billionaire from an idea too quickly to spend it, but 99.99% of the time this is correct.

[–] merc@sh.itjust.works 4 points 1 month ago (2 children)

I think you're dreaming if you think that's possible.

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[–] webghost0101@sopuli.xyz 33 points 1 month ago (2 children)

Some level of greed is normal in humans.

Excessive greed, especially when it damages others, is a mental illness.

[–] Valmond@lemmy.dbzer0.com 24 points 1 month ago* (last edited 1 month ago) (1 children)

IMO it starts way before 1 billion too.

Like what kind of moron do you have to be to have 250.000.000 in your bank account and wake up every morning thinking you need to get more?

It truly is a mental illness, and for the no-empathy part, we have no treatment.

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[–] pipi1234@lemmy.world 3 points 1 month ago* (last edited 1 month ago)
[–] baltakatei@sopuli.xyz 24 points 1 month ago (1 children)

However, the enabling condition is anti-trust laws not being enforced.

[–] Riverside@reddthat.com 20 points 1 month ago (1 children)

...and the enabling condition for antitrust laws not being enforced is the existence of a capitalist class with enough wealth to direct politics.

[–] chaogomu@lemmy.world 4 points 1 month ago (3 children)

They only managed it when they partnered with religious bigots. They were losing, the very existence of those antitrust laws is proof. Then they bought religion.

[–] avidamoeba@lemmy.ca 5 points 1 month ago* (last edited 1 month ago) (3 children)

They weren't losing. They were richer than ever before with leves of wealth inequality just recently matched. Then capitalism collapsed under the weight of that inequality into the Great Depression. Their winnings lead to collapse as they accumulated ever more resources that become unavailable to the people producing those resources. Then the cycle of accumulation and the power that comes with it started again. Antitrust got killed at one point. Unions were being killed before that. They used religion too but they were already beginning to win power again.

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[–] Zink@programming.dev 22 points 1 month ago (1 children)

It's seriously a mental illness, a "rich mind virus" if you will, and we should design the rules of society accordingly.

Some of these people have an innate drive and even some skills that could contribute to society in a positive way. There should be a place for them just like any other disabled person. But that doesn't mean they should be able to run wild until they harm others.

We as a society need to get away from the tendency to categorize a person as good or bad based on one aspect of their life and generalizing that to everything else. Assuming that somebody is moral, ethical, honest, or a capable leader based on their net worth is definitely one of the more egregious examples right now.

[–] Dasus@lemmy.world 8 points 1 month ago

It's addiction.

Simple as that.

Just like a crackhead or a heroin junkie can do whatever crazy shit a non-addict would never even think of, so do the rich billionaire money-addicts.

Just look at the difference between CEO's and mega-class actors. Lots of actors can be addicts, yeah, but not many of them are that addicted to money, and while they might buy things we consider ridiculous, they're not actively ruining society, just benefitting from capitalism.

Whereas people like Bezos are addicted to money and actively ruining the world. He could lose 99% of his wealth and still live the same, barely fucking notice a thing in his quality of life.

NYTimes sucks and I don't link them anymore but for thus exception as an opinion piece from Sam Polk.

https://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html

He wrote a whole book about it

https://www.goodreads.com/book/show/27274419-for-the-love-of-money

[–] sp3ctr4l@lemmy.dbzer0.com 10 points 1 month ago* (last edited 1 month ago)

They're narcissistic sociopaths.

That's the two word version of that.

Incapable of self-validating, also, adept at manipulating people and systems to get that validation, addicted to it.

Morality? Empathy?

Theoretical concepts for these people, their brains don't experience them they way others do. They can be skilled at pretending or performing them, but its fake, they're totally amoral.

Destiny/SexPestiny.

'Thor'/PirateSoftware.

Thats all these people, that's the personality.

Can't even turn off the compulsive lying, its instinctual.

[–] Dadifer@lemmy.world 10 points 1 month ago

Also, our culture worships money, so they become "virtuous" in the eyes of others based on their wealth

[–] DagwoodIII@piefed.social 10 points 1 month ago

Old time comic WC Fields was asked how to become wealthy.

He advised castration, followed by removal of taste buds, followed by making the person partially deaf and blind, so they couldn't appreciate music or art. Take out a kidney so they couldn't drink any liquor and they'd be the perfect money making machine, because that would be the only pleasure left.

[–] maplesaga@lemmy.world 8 points 1 month ago* (last edited 1 month ago) (1 children)

They are that rich because monetary policy is frantically trying to force them to spend their money by dropping interest rates and doing QE; because the CPI excludes asset prices, substitutes goods for cheaper goods, and performs subjective deductions on goods to reduce their price in the basket even though they dont help the poor afford food and rent.

If the money supply grows at 7-8% and the stock market grows at 10% how can the poor possibly be made better off, when they are lucky to get a 2% cost of living adjustment and their minimum wage is actively being debased to push up stock values?

[–] wakko@lemmy.world 3 points 1 month ago

They gotta make it up in volume! /s

[–] Lushed_Lungfish@lemmy.ca 7 points 1 month ago (1 children)

Also because their parents were rich.

Truthfully, there isn't a self made billionaire. They have built upon the legacies and funds their families have at only the right time. Like Gates, he's a Harvard drop out not because he couldn't make it, because he had the right opportunities afforded to him at that time with familial connections to setup Microsoft in one of the cheapest places possible, the garage, so to save money not because they had to but wanted to. Even Warren is the success of his family lineage. Most if not all are just nepo babies.

[–] dis_da_mor@anarchist.nexus 6 points 1 month ago

wealth corrupts and attracts the corrupt

[–] LongLive@lemmy.world 5 points 1 month ago (6 children)

Intentionally interpreting the analogy literally prompts the question: what should an individual do with the 'unfillable' hole?

[–] Goodeye8@piefed.social 4 points 1 month ago* (last edited 1 month ago)

Nothing? It's like asking an alcoholic what they should do about alcohol. It's just something that this person would have to learn to live with.

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[–] theuniqueone@lemmy.dbzer0.com 4 points 1 month ago (2 children)

I don't necessarily buy into this either i think power corrupts and that causes this appearance. Billionaires are just not special and got that way through a combination of things such as luck,actual smarts, inheritance, Racial and sex privilege and so on.

[–] stickly@lemmy.world 7 points 1 month ago

No it's not corruption, it's an inherent defect in character. There's a certain amount of money that you don't get accidentally or by any amount of honest personal effort.

You could get a "small loan of $1M" as a trust fund baby and grow it at twice the rate of the stock market (~14% apy) for 50 years and not even be halfway to $B. To get there you have to be committing fraud/hurting people/breaking laws.

And there's also the fact that there's no reason to make that much money. The diminishing returns are astounding once you get disgustingly wealthy. Before you hit $1B you could own a home in every major city in the world, own a mega yacht, buy a sports team, own private jets, etc. All without working a day for the rest of your life.

Billionaires are trading precious years of their life, the one resource that can't be bought, to make their numbers bigger. The stress and effort are just not worth it, let alone the harm you have to inflict on others to get there. These people should be stopped for their own good.

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[–] nonentity@sh.itjust.works 4 points 1 month ago

The percentage of sociopaths involved with defining a society should never be greater than zero.

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

I collect stacks of papers that reach the ceiling and leave me with limited room, I'm a hoarder and need mental health.

I collect large sums of wealth and money with no intention to use it and it affects me mentally just managing, successful at business.

[–] aesthelete@lemmy.world 4 points 1 month ago* (last edited 1 month ago)

Many of them are adherents to the idea of effective altruism which suggests that it's completely fine to become rich by any means possible so that you can save humanity with your wealth afterwards.

One minor flaw in the "philosophy" that they haven't grasped is that their means of wealth accumulation is largely what humanity needs to be saved from. 🫠

[–] Tronn4@lemmy.world 3 points 1 month ago

Can we fill em with more holes? Asking for a friend

[–] BarneyPiccolo@lemmy.today 3 points 1 month ago

They have uncontrolled OCD that manifests as financial hoarding. If they were hoarding cats, or rusty old broken appliances, we'd get them help, and clean up their property. But Billionaires get lauded as wildly successful businesspeople, and are encouraged to abuse the financial system even more, and sometimes the government gives them lots more money, just for demanding it.

They won't give money to people who need it, but if you're a mentally ill pedophile, they'll give you as much as you demand.

[–] darthsundhaft@piefed.social 3 points 1 month ago (1 children)

The agreeable solution is to fill their hole with lead.

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