Some billionaires — eventually — do good things with “their” money. Many do not. And all of them got to be billionaires by doing things that must be, almost by definition, illegal, immoral or at the very least worse than persistent body odor.
According to UBS and PwC, companies run by billionaires enjoyed returns of 17.8% from 2003 through 2018. That’s compared with the MSCI AC World Index’s 9.1% return during the same time period. Billionaires’ companies were also consistently more profitable and performed better in the six years following an initial public offering than companies controlled by nonbillionaires, according to the study.
Mere billionaires, hah. The first trillionaires late in this century will extend present R and D into advanced technologies to provide lunar and asteroid mining, lifespan extension medicines, and nanotechnology to build complex structures in outer space and inner space.
But the very first will perfect an effective way to capture or transform or eject excess CO2 and methane in Earth’s atmosphere: not glamorous like other things, but prerequisite for other things to be of true lasting value to great numbers of people.
Everyone (?) seems to be worried about the climate and the need to reduce our carbon footprint.. wonder what the carbon footprint of that little excursion to the edge of space was?
To be completely fair, there was some trickle down. The construction and support for those space flights provided employment for quite a while. Haven’t looked up any data on that, though.
Concretionist over 2 years ago
Some billionaires — eventually — do good things with “their” money. Many do not. And all of them got to be billionaires by doing things that must be, almost by definition, illegal, immoral or at the very least worse than persistent body odor.
superposition over 2 years ago
Billionaires have some non-typical traits, yet …
According to UBS and PwC, companies run by billionaires enjoyed returns of 17.8% from 2003 through 2018. That’s compared with the MSCI AC World Index’s 9.1% return during the same time period. Billionaires’ companies were also consistently more profitable and performed better in the six years following an initial public offering than companies controlled by nonbillionaires, according to the study.
https://www.businessinsider.com/billionaire-success-3-personality-traits-ubs-wealth-report-2019-11
PraiseofFolly over 2 years ago
Mere billionaires, hah. The first trillionaires late in this century will extend present R and D into advanced technologies to provide lunar and asteroid mining, lifespan extension medicines, and nanotechnology to build complex structures in outer space and inner space.
But the very first will perfect an effective way to capture or transform or eject excess CO2 and methane in Earth’s atmosphere: not glamorous like other things, but prerequisite for other things to be of true lasting value to great numbers of people.
codak over 2 years ago
and yet the US senate will not raise taxes on these folks
Blaidd Drwg Premium Member over 2 years ago
Billionaires in Space…….no real benefits, and not at all funny like ‘Pigs in Space’.
Alberta Oil Premium Member over 2 years ago
Everyone (?) seems to be worried about the climate and the need to reduce our carbon footprint.. wonder what the carbon footprint of that little excursion to the edge of space was?
Radish the wordsmith over 2 years ago
Tax the rich, they have all the money.
rlaker22j over 2 years ago
instead of bitching about it ,go be a billionaire
Ammo is on a break Premium Member over 2 years ago
That’s some art work you got there, that Gender Fluid Human in the last panel is great. Some Phallic cues too.
pamela welch Premium Member over 2 years ago
Brian, you do excellent re-caps!
FredWaiss over 2 years ago
To be completely fair, there was some trickle down. The construction and support for those space flights provided employment for quite a while. Haven’t looked up any data on that, though.
Huckleberry Hiroshima over 2 years ago
Billionaires milk society. It’s a world wide issue, not just the U.S.