What to Do Once You're a Billionaire
A framework for how billionaires should systematically solve the world's major problems.
Billionaires should be working together to use their mass influence to better allocate capital and systematically solve every one of the World's major problems until there are none left.
Implicit assumptions that should be challenged: Does one really have to be a billionaire to do this work? Who's already doing this that we can work together with? (The Bill and Melinda Gates foundation is surely doing a version of this).
The Process:
The entire world of major projects should be audited; what are they? How much money and time does each one likely require to completion? What kind of skilled individuals are required to realize the completion of this project, how many, and at what times? Major projects include curing every major disease, regrowing limbs, correcting deforestation and habitat degradation of species, cleaning the ocean, establishing an infinite supply of accessible energy and power, far surpassing the longevity escape velocity, ending random death, rehabilitating sufferers of mental health disorders, rehabilitating criminals (in cases where appropriate, but we need to decide to either kill people or rehabilitate them instead of the current mass incarceration/prison-industrial system we have today), cheap/free/fast/highly accessible healthcare and nutrition for every individual in the world
The entire world of education and labor should be audited. How many people do we have with each of the required skills? How many will we have based on current educational and vocational trends. Same thing for investment and allocation of funds (pensions, endowments, sovereign wealth, private wealth, etc)
Compare the audit results to determine how under or over-resourced each particular project is? How much money does it have now and will it receive, and how much does it need? Same question for time. And same question for human capital.
Use capital to correct the discrepancies. Create programs and financial incentives to motivate students to select educational and vocational courses that properly resource each of the major projects. Create an institutional framework for every large pool of investable capital to be strategically allocated to the appropriate cause, caring to produce the required returns on investments, and in the required timespans, for those funds. Subsidize the ROIs when necessary. Additionally, partner with industry - companies, private, public, and governmental - to manage these projects and introduce their respective technologies on a continual long-term basis.