Originally Posted by deadly7
Warren Buffett has signed away 99% of his wealth to be liquidated and donated to charities when he dies. Bill & Melinda Gates signed away their income to fund their charity, which despite all of its scam-ness has helped at least some people.
Also, the idea that anyone has $1b sitting in a bank is ignorant. The FDIC would only insure a smidgen of it, so nobody does it - far too risky. Furthermore, customarily, the wealth of a billionaire is tied up in stock in a company that either can't be liquidated easily or, if liquidated, would cause the share value of the company to nose-dive. So some people have to be billionaires, if that makes sense (just standing up for the little guys).