I think the biggest upset that billionaires cannot do is the most important thing money should buy. Billionaires cannot afford his own biological children without risking his whole wealth. In particular, billionaires cannot simply afford many (say, 20) biological children.
Okay some comparison.
There are 2 types of billionaires. Females and Males. Obviously female billionares cannot have 20 biological children, nor can they do so on 1900. So let’s ignore the trivial case.
In 1900 China (not sure about europe), it’s simple. Have tons of concubines. Have tons of children. Period. It is easily done. Many are actually doing it.
Moreover, welfare recipients can afford infinite number of biological children due to welfare. They can just breed and breed and put babies on drop box and move on. Women wouldn’t bother suing them for child support because they don’t have money anyway.
A billionaire cannot afford having kids?
Okay I need to tell you first that I am not kidding.
First of all lets disprove the strong misconception that billionaires do not want children. Lest people think that billionaires low birth rate is due to lack of intent to produce children.
Look at people that commit abortion. How many of those are billionaires? Now look at people that pay for artificial insemination. How many of those are billionaires? People that commit abortion are usually poor and people that commit artificial insemination are usually rich.
Obviously the rich prefer to have children than the poor. If I am willing to pay an apple for $5 and someone else is willing to pay $6 for the same apple, obviously that guy value apple more. The same way the rich put higher monetary value on “having one more children”
Yet despite higher capability to produce more children, higher willingness to afford more children, and higher ability to attract females with the latest Ferrari’s chick magnet, the billionaires tend to have less children.
This seems to be very surprising. But look for a while. How would you afford biological children? What about if you want to make 20?
Obviously you need more than one women.
First you would convince the woman that you are able and willing to afford the children. Here’s a catch. Women do not have legal ability to decide pre-conception how much the child support amount be.
So society will decide that amount for the woman after conception. Society often decides that the amount is simply proportional to your capability to pay. So, no matter how rich you are, you cannot afford 100 children easily.
A woman may prefer $4k per child month from a billionaire than $0 from a welfare recipient, but women do not have that choice. After conception, society will say that the amount of child support is $4 gazillion dollars.
How would you persuade women to beget your biological children? Well, the easiest way is to pay of course. Well, prostitution laws are defined to be sex in exchange of cash or other consideration. Who knows what other consideration counts. Obviously a girl have a lot to consider when proposed by billionaires.
So? Build a relationship then. Well, relationship with women are riddled with bizarre default contracts, most of which cannot be overridden. If the woman has children and that children call you dad, you can be held responsible for child support.
If you live with a girl under the same roof for a while, poof, the state will declare you are married. That is even though you never intent to agree to all the nonsense written in marriage contract. It’s effectively forced marriage.
Of course the state simply call that giving “benefits” of marriage to unmarried people (that don’t want those benefits). One such benefits is exclusivity for women that probably prefer to be the fifth of a billionaire than the first for a welfare parasite.
The rule is not very clear. Basically anti polygamy laws can be stretch to jail polyamory relationship. So even if you don’t marry the girl, you can still go to jail due to anti polygamy laws.
The chance is small. However, if you are a billionaire, even a small chance of going to jail costs A LOT. Jail is a punishment that are heavy on the rich.
What about if you can have a great lawyer that convince the juries that you really really really aren’t married? There is that prostitution laws again that could kick in if you financially support more than one girls.
Maybe you can just marry those girls? Well, marriage institution is designed to be extremely costly for the rich. You can create prenups but that’s complicated and may not even work.
There are so many unintuitive insane laws lurking in marriage contract. Tiger Wood, for example, spend huge amount for his wife just because he had a real estate in some state. That allows the wife to file divorce there. Is that spelled out in the contract? No.
Why not write your own marriage contract? You can’t.
End result is, despite far higher capability to afford children, and far higher willingness to produce children, billionaires, have fewer children.
If you really want to have many children, can you? Yes. You can have tons of concubines in various different countries. There is no easy way to make a contract with the women and enforce it. In your own country, the girl can simply sue you a lot of money. In other country, the girl doesn’t have ability to enforce even a small reasonable child support.
You can be a sperm donor. I don’t know. Not very open, and not natural. But if you really want to, you can.