• theneverfox@pawb.social
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    10 hours ago

    But again, it’s all for their personal benefit. A human Their money is managed to grow by any means, and that has a lot of knock on effects

    They generally either put their money in funds with the highest returns (which often use unethical and illegal but accepted practices, and the best ones require large minimum deposits), or they directly own large percentages of a company and use that influence when it suits them

    I see where you’re coming from, but I think the line is blurry. Their direct personal actions don’t capture the full extent of their actions, but this also assumes full responsibility for their ownership, where honestly it’s impossible to know what level of emissions the companies would have if the billionaire’s wealth machine wasn’t involved

    I wouldn’t say this is totally unfair to say though - at the end of the day they own what they own, and letting others do your dirty work doesn’t absolve you of responsibility

    The fact that their life would barely be affected if they added emissions to their criteria for investment makes this worse - these are the figures the billionaires should be looking at to make decisions