If their income stopped overnight, most people could go a week to a couple of months before they became homeless and unable to buy food. If a billionaire's income stopped overnight (according to that they could go 21,000 years before they became homeless and unable to buy food. Who is in a better position for stopping kids from starving if they give some of their money away?
Also think of all of the exploitation that goes into amassing a billion $.
There are plenty of self made multi millionaires and even some billionaires out there, who've made it because right from the start, they saved, then invested.
That's something that doesn't come natural to many people which is why we have private pensions that can't be cashed in until 55.
There's going to a fair few of those people who have private pensions, who've become anywhere from "comfortable" to "rich".
If you have a problem with the fundamendal basics of capitalism, the notion that they who provided capital should be rewarded, it's worth noting that 69% of UK adults have a private pension. Good luck telling them that their pension is stolen profits.
Are there billionaires out there who are absolute bastards? You bet. Jeff Bezos really needs to sort out his attitudes to his workers, especially the ones that work in his warehouses. A shit load of those jobs aren't sustainable to the worker - no human would be able to do those jobs for 10 or 20 years.
That's real exploitation of the labour market from a company that doesn't really have any real competition - ebay and allibaba wouldn't even come close.
Should we moan on about those types of billionaires or even millionaires, absolutely.
Boycotts are easy. But investing is a different issue. For example, sometimes it's better to be on the inside and hold CEOs to account at AGMs.
Musk is a different animal because we can't really argue that his workers are exploited by the same standard as some of Amazon's workers. They aren't really complaining about much with the exception of some allegations of racism on the shop floor. Tesla doesn't have a HR department and that is a topic of conversation in it's own right considering what his motives could be for that.
I can understand why people critisize the rich for being rich, but the more richer you are, the more secure you are. It's not just about wealth, it's about security and that's the way these people think - they are constantly doing risk analysis and they are constantly looking to make themselves more secure.
It's possible to hold that belief and still believe in a fair society, that has a decent welfare state (at least until there's a better solution than the welfare state) and believe that certain people or other entities exploit others and should be stopped from doing so.
Workers co-operatives sharing the profits? Absolutely! Great. We're free to do that, anyone can start up a workers co-op. But we can't snatch businesses from those who risked their capital. That's unfair. Risk your own money on your workers co-op.
Capitalism has been more sucessful than communism, because capitalism is better at getting people off their arses to do mostly good things.
The system is still sub-optimal. Big business, the banks and governments collude with each other to our detriment, because power is to decentralised, creating all sorts of games that have to be played out.
I don't have much time for the tories, I don't trust them. But replacing them with a government of different colours doesn't really change much.
It doesn't matter if a government is Labour, the Lib Dems, Tory or Green. Whoever is in power, will collude with the big business and the banks to get "results", a lot of time with good intention, but blinded to the damage that they are doing.
Heck the regulators do just that and when do we ever get a say?
As for feeding starving kids. There are many problems in this world. Governments don't always have the resources to sort them, no company, not even Apple has the resources, no billionaire, not even Bezos has the resources. Anything they chuck at it would be a token gesture.
Companies should focus on their core mission and ensuring that they aren't being evil in achieving what they are supposed to achieve. What they should stop doing is trying to solve all of societies problems, or percieved problems, but if it doesn't set worker against worker, worker against boss and boss against worker, it winds up being a cabal of corporates putting political pressure on a government, for the government to take notice, without anyone actually involving normal people. Coinbase's CEO worked that one and told all the activsts amongst his staff to pack it in or leave.
Musk wants to create a colony on a different planet. Gates wants to take over this one. If the people allow the continued centralisation of power, Gates might just succeed.
And speaking of Gates, that's the real problem. With Musk it's Mars. With Bezos it's money. With Gates, I seriously believe that man wants to have every single man, woman and child on this planet under his thumb - it's about power with him and there is no man more dangerous...well arguebly Xi Jinping, the Chinese President.
Whatever the solution is to fight men like Gates, it's going to be nudging ourselves away from the direction of travel the centralisation of power. Anything and everything to decentralise power, rather than attacking Gates directly.