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this post was submitted on 07 Dec 2024
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The statement about billionaires is true, but also the reasons that people end up living on the streets are extremely complex and I'm not sure this sort of thing helps us actually talk about the real problems.
For instance, a lot of homeless people in the US are foster children who aged out of the care system:
reference
Money could maybe provide more resources to care for people, but the core issue here is that adults who were foster children lack the support of a family - which no amount of money can fix.
A more useful question to address homelessness would be "why do so many foster children struggle to become self-supporting adults, and what can we do to prevent that?"
billions in dollars taken from billionaires to help them for a few more years would absolutely help. maybe not all of them, but any that it does help would be well worth it. billionaires don't need more than one yacht.