If you were really that philanthropic, why would you carve out a billion from that revenue stream instead of giving back, or investing it in better equipment or people?
If you were really that philanthropic, why would you carve out a billion from that revenue stream instead of giving back, or investing it in better equipment or people?
So on the front end the billionaire had to give more than a billion dollars of value to society in order to get people to voluntarily do business with them. Then on the back end they have to turn around and invest most of that money back into society. In doing so they're shouldering the burdens of market research, diligence, and risk.
Society wins twice from this and in return the billionaire gets to spend a lot of money. Society wins there, too, because the economy benefits from their ridiculous spending.
Does this work perfectly? Absolutely not, but nobody has a better system that I've seen.