What keeps the ultra-rich from doing batshit insane stuff with their money?
I'm not talking about buying luxury items, I talking about power.
Rockefeller had 400 billion - that's 20 times what it took to build the first atomic bomb.
And that's not even considering ancient meme figures like Mansa Musa and egyptian pharaohs.
If I had even a fraction of picrel's money I would develop clone tech, create an army of clones of myself, start WW3 and go on a crusade towards world domination - meanwhile what does picrel do? Manage a luxury car brand and lauch a few internet satellites per year.
And that’s why you’re not a billionaire
Billionaires burn a ton of money all the time
spending money on entertainment is more satisfying the fulfilling some bizarre fantasy
Rich people are very restricted in what they can do with their money because they can also take immense losses very quickly. They have to constantly reinvest and improve profit rates.
What you are asking is why Upper class lacks the innovative spirit, the adventurosuness etc, but only few people have it. Very rarely you see middle class people risking 5% of their money on some vanity project. It is not abusrd to think a guy with a 100 million dollar not bothering to do something with 5 million
Past a certain point it becomes a game where the most entertaining thing is trying to be at the top of the leaderboard.
Wasting your money on trivial moronic shit is what nfl players do, not hedge fun managers.
they did
billionaires started ww2
rockefellers are just a israeli pawn/front
their money is now in foundations and used by the cia
also they don't need those 400 billion since they own the banks which make all the money (way more than 400 billion)
and ww1 and many wars before that and after
Buying Twitter for 40 billion is pretty crazy.
yes, but It becomes your personal circus, so not so much.
I would imagine that any kind of power - including financial power - is a sword of Damocles, and being a billionaire doesn't mean shit when there are at least 3,000 of them in the world. That's 2,999 other motherfrickers who you have to not step on the toes of too bad.
>What keeps the ultra-rich from doing batshit insane stuff with their money?
nothing
there is a guy who had the letters HAMAD carved into an island as to make them visible from space and he also commissioned an operational Dodge Power Wagon that is 64 times larger than the original
Why dont they commission artworks?Or even tv shows or movies that wouldnt have been made if it was just for profit?
ENTER
Being a billionaire doesn't just give you military power. You can't just go around killing people like a government can. You have to run for office like Trump. Then you can kill some people, but only for 4 or 8 years. Even the British monarch doesn't have the nuclear codes — the prime minister does. Same with Spain's monarchy. Even though they don't have nukes, the King holds no political power. I think secret societies, especially the Illuminati, hold all the power, frankly, but I'm not sure. Above them, aliens for sure.
Billionaires don't have a billion dollars cash just sitting in a giant Scrooge McDuck money pool somewhere. It's billions of dollars in largely non-liquid assets like real estate and company ownership/stock. If they sold all of it to finance some stupid shit it'd destroy them financially (in a relative sense)
Most billionaires just care about making more money, and doing insane shit usually gets in the way of that
Billionaires simply lobby governments to start wars for them, far cheaper than running your own military. Remember, never spend your own money if you can get the public to do it for you. Billionaires already have their own private security, private armies, and private insurance all funded by the public.
>their money
It's not "their money" in the sense that the cash in your pocket is yours. It's tied up in investments or assets that generate profit for many different people underneath them. They don't have liquid cash in some vault. If they wanted to throw even a few million at a project (of which takes years to investigate potential losses), they would have to completely restructure whatever company or corporate entity that money is tied up in. They would be paying out to many people who would be affected by such a sporadic decision. In the end, they wouldn't actually have as much money to be able to fund such ventures than they would holding onto assets which passively generate wealth.
tldr; the money they make is cycled through production costs, trusts, investments, employee pay, and upkeep. Guys like Jeff Bezos don't have more than a few million in the bank that they can just withdraw whenever they want. When they say these people are worth x dollars, it refers to the money that flows through their businesses. Not just whatever they can spend at any given moment on moronic shit.