It’s all about financial relativism. They don’t care about the sheer number they have, they care that their number is so many orders of magnitude higher than almost everyone else. Giving everyone a living wage would increase their net worth, but not by more than those who would be getting a payrise, and that’s an insufferable thought for them.
They have so much money that the amount they have is basically an abstract concept, so they’re only interested in their relative wealth rather than absolute wealth. No billionaire thinks “once I have $100b I can finally buy a country I want!”, they think “once I have $100b I can finally use it to make $200b!”. The numbers are abstract and arbitrary because they don’t actually want to spend any of that money.
It’s all about financial relativism. They don’t care about the sheer number they have, they care that their number is so many orders of magnitude higher than almost everyone else. Giving everyone a living wage would increase their net worth, but not by more than those who would be getting a payrise, and that’s an insufferable thought for them.
They have so much money that the amount they have is basically an abstract concept, so they’re only interested in their relative wealth rather than absolute wealth. No billionaire thinks “once I have $100b I can finally buy a country I want!”, they think “once I have $100b I can finally use it to make $200b!”. The numbers are abstract and arbitrary because they don’t actually want to spend any of that money.