Well, why don't they? Is the market not large enough to take 300 million invested via ETFs? Is it factually incorrect that if Trump had invested in the market, he would have made more money than he did actively managing it?
More importantly, if I have the choice between roughly equivalent outcomes where one consists of decades of busywork and the other consists of taking a small part of the money and doing good in the world, why in the world would I want to be building a real estate empire?
Of course, for Trump the reason would be because he's a narcissist who needs to see his sense of self-worth boosted by seeing his name slapped onto buildings in giant letters and his face in the news. But for someone who wants to merely lead a good life? You take out however much you need to actually make a positive impact, and leave the rest in index funds.
That said, I'm not rich so I don't understand the system and why things need to be the way you describe. Please provide some insight.
More importantly, if I have the choice between roughly equivalent outcomes where one consists of decades of busywork and the other consists of taking a small part of the money and doing good in the world, why in the world would I want to be building a real estate empire?
Of course, for Trump the reason would be because he's a narcissist who needs to see his sense of self-worth boosted by seeing his name slapped onto buildings in giant letters and his face in the news. But for someone who wants to merely lead a good life? You take out however much you need to actually make a positive impact, and leave the rest in index funds.
That said, I'm not rich so I don't understand the system and why things need to be the way you describe. Please provide some insight.