I'd much prefer if Bezos spent $200M in building an education institute or an apprentice shop for tradesmen or to humanitarian aid or doctors without borders or open source courseware or human genome project...
Why?
Cash transfers to poor people is starting to look like an effective way to alleviate poverty. Despite the old stereotype of poor people blowing it all on booze and drugs, in reality, most people put it to good use. This is also another reason why UBI has started gaining more support.
Much like alleviating homelessness by giving people homes, it's so simple and obvious that no one can tolerate it.
It’s almost unbelievable that investing in education and apprenticeship is considered a negative thing but giving straight up cash from Billionaires is popular.
Homelessness and poverty needs to be tackled by getting these people jobs.
Huh? Bezos giving away money likely isn't going to lead to inflation. The money supply is held constant here.