EXCLUSIVE: Brian O’Kelley says he’s capped his wealth to $100 million. The tech founder tells Fortune, billionaires are wasteful, out of touch, and “othered” from real life.
The question is: does it bring lasting benefits to the people?
If he gives away a billion once, eventually it will be consumed and then we’re stuck in the same situation again. The rich must give money away repeatedly, that’s the only way to sustain society going forward. For that, solid and robust policy changes will have to be implemented.
Well, yeah, I mean you are not wrong but in this case the guy sold his company for a billion (or rather more) and I assume that company wasn’t running for just a few months. So in order to do it again he’d first have to start another company that reaches that selling price.
Other billionaires of course would need to keep giving back money they continuously amass, yes.
The question is: does it bring lasting benefits to the people?
If he gives away a billion once, eventually it will be consumed and then we’re stuck in the same situation again. The rich must give money away repeatedly, that’s the only way to sustain society going forward. For that, solid and robust policy changes will have to be implemented.
Well, yeah, I mean you are not wrong but in this case the guy sold his company for a billion (or rather more) and I assume that company wasn’t running for just a few months. So in order to do it again he’d first have to start another company that reaches that selling price.
Other billionaires of course would need to keep giving back money they continuously amass, yes.