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0 pointsjorvi1y ago0 comments

Right. But taking the combined $140 billion net worth of Bill and Melinda, about 30% (or whatever 'fair' rate you want to assume) shouldn't have been theirs to give away. Let them spend the other part however they want.

What I find kind of interesting is that Bill Gates and Warren Buffet argue that they should be taxed more, but they don't do anything to further that goal aside from media soundbites and headlines. They could fund an incredible war chest for a lobbying apparatus who's sole purpose would be to create a more fair tax system. But no such thing happens.

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skybrian1y ago

Some government programs are good, but if it went to the US government then Trump could cancel them. (Unless the courts stop it.)

It seems fortunate that some charitable funds aren't subject to that risk. They have other risks, but they seem lower.

In an imperfect world, government funding alone seems insufficiency diversified. That's too much power in one place.

threetonesun1y ago

Charitable funds fall victim to the same fundamental issue, leadership is more interested in benefiting themselves than putting the money towards the aims of the charity. In general I donate to places local to me. I'd much rather see a bench at a local park than hold on to some hope that my money does something meaningful to a large international charity organization.

skybrian1y ago

I think what it comes down to is that there's no general rule. There are a lot of organizations you could give money to and it all depends on what it is.

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skybrian1y ago

Some government programs are good, but if it went to the US government then Trump could cancel them. (Unless the courts stop it.)

It seems fortunate that some charitable funds aren't subject to that risk. They have other risks, but they seem lower.

In an imperfect world, government funding alone seems insufficiency diversified. That's too much power in one place.

threetonesun1y ago

skybrian1y ago

I think what it comes down to is that there's no general rule. There are a lot of organizations you could give money to and it all depends on what it is.

j / k navigate · click thread line to collapse