Back in the day, billionaires had a mission. Andrew Carnegie: Built 2,500+ libraries across America. John D. Rockefeller: Eradicated hookworm, founded universities. Henry Ford: Revolutionized manufacturing, raised wages. They used wealth to advance civilization.

Today's billionaires? Jeff Bezos spent $5.5 billion on a 10-minute space joyride. That money could have stopped 37.5 million people from starving for a year. Instead? "Thanks Amazon customers, you paid for this!" Absolutely tone-deaf.

The worst part? Some billionaires are investing in things that are COUNTER-productive to society. Mosquitos? Apples? Really? "Solutions" to problems that don't exist. It's virtue signaling disguised as innovation.

I'm a full-fledged capitalist. I don't believe in forced wealth redistribution. Free markets work. But accumulating billions takes everything you have. It's an immense achievement. And with that success comes human responsibility:

When you reach that level, something inside should drive you to make the world better when you die than when you were born. That doesn't mean pledge your entire wealth to charity (most charities are garbage). Invest in things that actually create positive impact.

What happened to building institutions that last centuries? Carnegie's libraries are still serving communities 135 years later. Today's billionaires build rockets to escape Earth instead of fixing it. Space tourism for the 1%. How inspiring. Even worse?

Their "contests": Who has the bigger yacht? Who can waste more money on vanity projects? Who gets more media attention for their "philanthropic" stunts? It's embarrassing to watch.

Meanwhile, real problems get ignored. Infrastructure crumbles. Education systems fail. Healthcare costs destroy families. But hey, at least we can send actors to the edge of space for $200,000 a ticket.

The billionaire class lost its way. They forgot that extreme wealth comes with extreme responsibility. Building civilization used to be the point. Now it's just about building bigger toys.

Just wanted to share my thoughts on this topic. Of course, this is not a personal attack on any particular billionaire. But in my opinion, the ultra-wealthy need to adopt the mindset of the old-school billionaires. Thanks for reading. If you're an investor, read this:

Investors: Tired of timing the market and second-guessing trades only to buy high and sell low? Our platforms have already helped over 40,000 investors automate their investments. We have over $150M in assets under management. Sign up for FREE here: https://app.surmount.ai/signup

That's it. Follow me @LogWeaver, for more Threads like this.

@LogWeaver Musk and Bezos have more for the world than you

@KyleSamani True

@LogWeaver Oh no! @elonmusk and @JeffBezos are SO selfish for: - Creating reusable rockets and trying to make humans multi-planetary - Making robotaxis a reality - Creating robots to help humans with manual labor - Helping paralyzed people control objects through thought - Providing the

@ericosiu @elonmusk @JeffBezos I am actually a big fan of Elon and his work in space; i think he’s one of the few that are actually trying to create positive impact. but the only notable thing Bezos has done in space is send Katy Perry to the exosphere. If you read the thread, I’m not trashing their companies

@LogWeaver Why the image of Elon Musk? The man who gave internet access to every school / hospital on the planet. Or communication means to every search and rescue team in the world.

@FutureNowb4time To get you to read. He’s one of the few genuinely good ones IMO, and aside from the cover image, he is not criticized.

@LogWeaver Little confused with you using @elonmusk -image, No interest in yachts, No personal expensive space travel, Sleeps on the office floor, Neurolink helping brain damage, Rescuing, abandoned astronauts, Solar power instead of windmills, Etc,

@Rheptinstall @elonmusk Basically just for capturing attention. I am a fan of Musk and agree that he’s one of the good ones.

@LogWeaver musk has done more to advance civilization then any billionaire in the history of the world. Actually unbelievable that you are this stupid, right? Like tell me you’re just being obtuse on purpose and you’re not dumb.

@sillydarket Read the thread. I am actually a fan of @elonmusk and think he’s one of the few billionaires trying to create positive change. I’m simply stating that the majority of current billionaires do not take that approach, and instead participate in a dick swinging contest.

@LogWeaver Have you ever used Amazon or seen a Tesla car on the road? I don't understand why people assume wealth creation is zero sum. To make a billion dollars building a business means millions of people benefit from what you built.

@BitBullish Wealth accumulation through building great companies & the decisions that the vast majority are doing with their wealth after accumulating wealth are 2 different subjects

@LogWeaver Yeah selfish bastards only want multi planetary life

@JulianCaraulani One does. Another just wants to send celebrities to the exosphere