... and as a result poor Bill has lived in total poverty, only to die of scurvy in a slum. His business died with out trace and he never been heard of since. A tragic story. Yes, bad hobbyists. Point being, despite all the piracy, there is still some money to be made. The complaint is that such folk are not making enough money. See, Bill should be twice or 3 times as rich. Man, he's really losing out. Of course then…
The great philanthropic era was a result of the robber barons. The idea that we might enter a new era of such figures is only a sign of the grossly disproportionate wealth scales that damage our societies. It is a despotic idea that society must endure the deprivations of these individuals or corporation only to be rewarded with narrow visions of a better future world through the myopic eyes of the DuPont's, Gates',…
I really think that the likes of Gates, Frick, Carnegie, Rockefeller or the more recent Jim Simons. Should have been taxed at a much much steeper rate, just like Buffett proposed [1], instead of waiting for their kindness of heart.
By replacing philanthropy with taxation we get the democratic process to choose what is the best way to spend this money, instead of their however enlightened agenda.