Doesn't seem as a good working schema, in my opinion. Surely its possible to know how to spend quite large amounts, like quadrillions of dollars, in a lifetime.
Maybe we should not enable what happens after you get more than, say, $50 million. After you've bought a few really nice houses and given your kids the best education money can buy, all you're really doing with that money is imposing your will on others without that kind of money, and often without their say. Lobbying politicians, setting up foundations, etc., is usually a rich person telling others what they should do, rather than enabling individuals to do what they think is best. Maybe this is ok if rich people were really just always super intelligent, but I think it's clear that that's not necessarily true (luck (and sometimes even a bit of ruthlessness and lack of compassion) is big in getting rich). And people who are experts in one field can be clueless in other fields without realizing it. Just give the excess money to individuals, on the basis of need, and we'll probably see it used more efficiently.
Doesn't seem as a good working schema, in my opinion. Surely its possible to know how to spend quite large amounts, like quadrillions of dollars, in a lifetime.