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  3. Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children

Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children

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  • remington@beehaw.orgR This user is from outside of this forum
    remington@beehaw.orgR This user is from outside of this forum
    [email protected]
    wrote last edited by
    #1
    This post did not contain any content.
    D arscynic@beehaw.orgA powderhorn@beehaw.orgP theangriestbird@beehaw.orgT lemmie689@lemmy.sdf.orgL 7 Replies Last reply
    1
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    • remington@beehaw.orgR [email protected]
      This post did not contain any content.
      D This user is from outside of this forum
      D This user is from outside of this forum
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      wrote last edited by
      #2

      I would like a small percentage of this. Hey just say, one percent.

      I'm not greedy and I'm not too good at maths.

      M 1 Reply Last reply
      0
      • remington@beehaw.orgR [email protected]
        This post did not contain any content.
        arscynic@beehaw.orgA This user is from outside of this forum
        arscynic@beehaw.orgA This user is from outside of this forum
        [email protected]
        wrote last edited by
        #3

        Bollocks. If these rich assholes felt guilty and inclined towards altruism they'd have spent it already instead of "pledging".

        "[…] Furthermore, their supposed philanthropy isn't just them giving money away no-questions-asked. More often than not they aim to benefit their coffers and/or virtue signal their “conscience”:

        • “They are moving away from unfettered, no-strings-attached giving and toward increased donor control over organizations, and are blurring the lines between private investment and public benefit.” —Gilded Giving 2020, by Chuck Collins and Helen Flannery [17].

        • “Your "Giving Pledge" has a loophole that renders it practically worthless, namely permitting pledgees to simply name charities in their wills. I have found that most billionaires or near billionaires hate giving large sums of money away while alive and instead set up family-controlled foundations to do it for them after death. And these foundations become, more often than not, bureaucracy-ridden sluggards. These rich are delighted to toss off a few million a year in order to remain socially acceptable. But that's it.” —Robert Wilson to Bill Gates, 2010 [18] […]" —What if I paid for all my free software? | arscyni.cc

        johnedwa@sopuli.xyzJ 1 Reply Last reply
        16
        • D [email protected]

          I would like a small percentage of this. Hey just say, one percent.

          I'm not greedy and I'm not too good at maths.

          M This user is from outside of this forum
          M This user is from outside of this forum
          [email protected]
          wrote last edited by [email protected]
          #4

          I would be fine for the rest of my life with 0,005% (10 million €)

          saik0shinigami@lemmy.saik0.comS 1 Reply Last reply
          3
          • remington@beehaw.orgR [email protected]
            This post did not contain any content.
            powderhorn@beehaw.orgP This user is from outside of this forum
            powderhorn@beehaw.orgP This user is from outside of this forum
            [email protected]
            wrote last edited by
            #5

            Here's a crazy thought: How about paying people living wages instead of grabbing a megaphone and talking about the good you're doing for the world? Not that MS paid poorly (I worked for them back in college as an orange badge [contractor]), but a stitch in time, as they say, saves nine.

            I believe Gates and Buffet are sincere. Musk, on the other hand ...

            arscynic@beehaw.orgA 1 Reply Last reply
            24
            • remington@beehaw.orgR [email protected]
              This post did not contain any content.
              theangriestbird@beehaw.orgT This user is from outside of this forum
              theangriestbird@beehaw.orgT This user is from outside of this forum
              [email protected]
              wrote last edited by
              #6

              It will close after it spends around 99% of Gates' personal fortune, he said. The founders originally expected the foundation to wrap up in the decades after their deaths.
              Gates, whose fortune is currently valued at around $108 billion, expects the foundation to spend around $200 billion by 2045, with the final figure dependent on markets and inflation.

              Look , I know we should analyze the Gates Foundation's spending closely and make sure the money is going to effective places. I know it would be better if we taxed these assholes and resdistributed wealth in a more efficient way. But I want to believe that this is genuine, and Gates is having a late-life crisis change of heart and realizes that billionaires should not exist. giving away 99% of your personal fortune is pretty sincere, if he follows through.

              powderhorn@beehaw.orgP 1 Reply Last reply
              5
              • powderhorn@beehaw.orgP [email protected]

                Here's a crazy thought: How about paying people living wages instead of grabbing a megaphone and talking about the good you're doing for the world? Not that MS paid poorly (I worked for them back in college as an orange badge [contractor]), but a stitch in time, as they say, saves nine.

                I believe Gates and Buffet are sincere. Musk, on the other hand ...

                arscynic@beehaw.orgA This user is from outside of this forum
                arscynic@beehaw.orgA This user is from outside of this forum
                [email protected]
                wrote last edited by
                #7

                I believe Gates and Buffet are sincere.

                One cannot be sincere / ethical and be a billionaire simultaneously. If Gates were sincere Microsoft wouldn't be the monopoly it is now.

                remington@beehaw.orgR C 2 Replies Last reply
                13
                • arscynic@beehaw.orgA [email protected]

                  I believe Gates and Buffet are sincere.

                  One cannot be sincere / ethical and be a billionaire simultaneously. If Gates were sincere Microsoft wouldn't be the monopoly it is now.

                  remington@beehaw.orgR This user is from outside of this forum
                  remington@beehaw.orgR This user is from outside of this forum
                  [email protected]
                  wrote last edited by
                  #8

                  One cannot be sincere / ethical and be a billionaire simultaneously.

                  Says who? You? Maybe they once were not that sincere and have since had a change of heart. BTW, the Gates Foundation has done a tremendous amount of good over the years.

                  F arscynic@beehaw.orgA 2 Replies Last reply
                  5
                  • remington@beehaw.orgR [email protected]
                    This post did not contain any content.
                    lemmie689@lemmy.sdf.orgL This user is from outside of this forum
                    lemmie689@lemmy.sdf.orgL This user is from outside of this forum
                    [email protected]
                    wrote last edited by
                    #9

                    The Nobel switcheroo, look what a saint I am.

                    1 Reply Last reply
                    2
                    • remington@beehaw.orgR [email protected]

                      One cannot be sincere / ethical and be a billionaire simultaneously.

                      Says who? You? Maybe they once were not that sincere and have since had a change of heart. BTW, the Gates Foundation has done a tremendous amount of good over the years.

                      F This user is from outside of this forum
                      F This user is from outside of this forum
                      [email protected]
                      wrote last edited by
                      #10

                      His charitable foundation is a personal tax haven/PR machine.

                      Fuck him.

                      tko@tkohhh.socialT 1 Reply Last reply
                      3
                      • M [email protected]

                        I would be fine for the rest of my life with 0,005% (10 million €)

                        saik0shinigami@lemmy.saik0.comS This user is from outside of this forum
                        saik0shinigami@lemmy.saik0.comS This user is from outside of this forum
                        [email protected]
                        wrote last edited by
                        #11

                        High yield savings is currently at 4.66% at best right now...

                        With just 1 million in a bank account... That's 47k a year in interest. Considering that I don't need to work in this scenario (And thus wouldn't need a car, and all the other costs that come with needing to maintain stuff for a job)... I could probably make that work for the rest of my life.

                        D 1 Reply Last reply
                        2
                        • saik0shinigami@lemmy.saik0.comS [email protected]

                          High yield savings is currently at 4.66% at best right now...

                          With just 1 million in a bank account... That's 47k a year in interest. Considering that I don't need to work in this scenario (And thus wouldn't need a car, and all the other costs that come with needing to maintain stuff for a job)... I could probably make that work for the rest of my life.

                          D This user is from outside of this forum
                          D This user is from outside of this forum
                          [email protected]
                          wrote last edited by
                          #12

                          At the risk of sounding sexist or misogynist, you could make it work unless you have a wife......oh dear.

                          saik0shinigami@lemmy.saik0.comS 1 Reply Last reply
                          0
                          • F [email protected]

                            His charitable foundation is a personal tax haven/PR machine.

                            Fuck him.

                            tko@tkohhh.socialT This user is from outside of this forum
                            tko@tkohhh.socialT This user is from outside of this forum
                            [email protected]
                            wrote last edited by
                            #13

                            Even if that's true, it doesn't diminish the very real good that the foundation has accomplished, like Polio eradication or HIV/AIDS research. You can feel about Bill Gates whatever you want, but you cannot deny that his money has done very good things for humanity.

                            C 1 Reply Last reply
                            0
                            • D [email protected]

                              At the risk of sounding sexist or misogynist, you could make it work unless you have a wife......oh dear.

                              saik0shinigami@lemmy.saik0.comS This user is from outside of this forum
                              saik0shinigami@lemmy.saik0.comS This user is from outside of this forum
                              [email protected]
                              wrote last edited by [email protected]
                              #14

                              I do have a wife. I pulled up our current budget and looked. We'd have to cut a couple of things but I could make it work pretty easily. It's the kids that would make it actually hard. But at this point they're spoiled enough. They'll live (they can live without food right?)

                              Edit: missed an entire word.

                              1 Reply Last reply
                              3
                              • arscynic@beehaw.orgA [email protected]

                                Bollocks. If these rich assholes felt guilty and inclined towards altruism they'd have spent it already instead of "pledging".

                                "[…] Furthermore, their supposed philanthropy isn't just them giving money away no-questions-asked. More often than not they aim to benefit their coffers and/or virtue signal their “conscience”:

                                • “They are moving away from unfettered, no-strings-attached giving and toward increased donor control over organizations, and are blurring the lines between private investment and public benefit.” —Gilded Giving 2020, by Chuck Collins and Helen Flannery [17].

                                • “Your "Giving Pledge" has a loophole that renders it practically worthless, namely permitting pledgees to simply name charities in their wills. I have found that most billionaires or near billionaires hate giving large sums of money away while alive and instead set up family-controlled foundations to do it for them after death. And these foundations become, more often than not, bureaucracy-ridden sluggards. These rich are delighted to toss off a few million a year in order to remain socially acceptable. But that's it.” —Robert Wilson to Bill Gates, 2010 [18] […]" —What if I paid for all my free software? | arscyni.cc

                                johnedwa@sopuli.xyzJ This user is from outside of this forum
                                johnedwa@sopuli.xyzJ This user is from outside of this forum
                                [email protected]
                                wrote last edited by [email protected]
                                #15

                                Gates has donated over 100 billion already.
                                That's a bit more than "tossing a few million a year".

                                1 Reply Last reply
                                5
                                • theangriestbird@beehaw.orgT [email protected]

                                  It will close after it spends around 99% of Gates' personal fortune, he said. The founders originally expected the foundation to wrap up in the decades after their deaths.
                                  Gates, whose fortune is currently valued at around $108 billion, expects the foundation to spend around $200 billion by 2045, with the final figure dependent on markets and inflation.

                                  Look , I know we should analyze the Gates Foundation's spending closely and make sure the money is going to effective places. I know it would be better if we taxed these assholes and resdistributed wealth in a more efficient way. But I want to believe that this is genuine, and Gates is having a late-life crisis change of heart and realizes that billionaires should not exist. giving away 99% of your personal fortune is pretty sincere, if he follows through.

                                  powderhorn@beehaw.orgP This user is from outside of this forum
                                  powderhorn@beehaw.orgP This user is from outside of this forum
                                  [email protected]
                                  wrote last edited by
                                  #16

                                  Oh, darn. The kids only get $2 billion. From what I've seen, he's been making good on his pledges so far, solving international health crises and such. I get strong "I done fucked up and need to fix it" vibes from his actions since stepping down as CEO, and we have demonstrable examples.

                                  A 1 Reply Last reply
                                  1
                                  • tko@tkohhh.socialT [email protected]

                                    Even if that's true, it doesn't diminish the very real good that the foundation has accomplished, like Polio eradication or HIV/AIDS research. You can feel about Bill Gates whatever you want, but you cannot deny that his money has done very good things for humanity.

                                    C This user is from outside of this forum
                                    C This user is from outside of this forum
                                    [email protected]
                                    wrote last edited by
                                    #17

                                    Read his Kharma. Your poor ability to read significant life functionality and dynamics apparently. You display that by failing what is a fantastic example about why computers aren't parasites but some of them are. They are when the masses have been suckered into his crock of blatant lies ad infinitum.

                                    So I really just gotta ask. How much exactly does their ad brag slush pot shell out for your blarring blind rep buff?

                                    powderhorn@beehaw.orgP 1 Reply Last reply
                                    0
                                    • arscynic@beehaw.orgA [email protected]

                                      I believe Gates and Buffet are sincere.

                                      One cannot be sincere / ethical and be a billionaire simultaneously. If Gates were sincere Microsoft wouldn't be the monopoly it is now.

                                      C This user is from outside of this forum
                                      C This user is from outside of this forum
                                      [email protected]
                                      wrote last edited by
                                      #18

                                      I mean, according to this, the plan is to not be a billionaire. If his net life transaction ends up being bilking Western technophobes to pay for mosquito nets and clean water that's cool.

                                      1 Reply Last reply
                                      5
                                      • remington@beehaw.orgR [email protected]
                                        This post did not contain any content.
                                        L This user is from outside of this forum
                                        L This user is from outside of this forum
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                                        wrote last edited by
                                        #19

                                        Yeah, I've seen this trick before. And I have a feeling he'll be "earning" many billions in the same time period; how much I don't know, but I'm cynical enough that I wouldn't be surprised if the answer was "more than he donates."

                                        maggiwuerze@feddit.orgM 1 Reply Last reply
                                        1
                                        • remington@beehaw.orgR [email protected]

                                          One cannot be sincere / ethical and be a billionaire simultaneously.

                                          Says who? You? Maybe they once were not that sincere and have since had a change of heart. BTW, the Gates Foundation has done a tremendous amount of good over the years.

                                          arscynic@beehaw.orgA This user is from outside of this forum
                                          arscynic@beehaw.orgA This user is from outside of this forum
                                          [email protected]
                                          wrote last edited by [email protected]
                                          #20

                                          One cannot be sincere / ethical and be a billionaire simultaneously.

                                          "Says who? You? Maybe they once were not that sincere and have since had a change of heart. BTW, the Gates Foundation has done a tremendous amount of good over the years."

                                          No. They might have done some good, but the harm of hoarding that much wealth outweighs their good contributions. Anyway, it's not the billionaires fault per se, but our flawed systems that have allowed it to happen. If I or most other people were put in the position of Bill Gates in his heyday, we likely would succumb to our vices as well.

                                          "“They are moving away from unfettered, no-strings-attached giving and toward increased donor control over organizations, and are blurring the lines between private investment and public benefit.” —Gilded Giving 2020, by Chuck Collins and Helen Flannery [17].

                                          “Your "Giving Pledge" has a loophole that renders it practically worthless, namely permitting pledgees to simply name charities in their wills. I have found that most billionaires or near billionaires hate giving large sums of money away while alive and instead set up family-controlled foundations to do it for them after death. And these foundations become, more often than not, bureaucracy-ridden sluggards. These rich are delighted to toss off a few million a year in order to remain socially acceptable. But that's it.” —Robert Wilson to Bill Gates, 2010 [18] […]" —What if I paid for all my free software? | arscyni.cc

                                          One cannot be sincere / ethical and be a billionaire simultaneously.
                                          

                                          Says who? You? Maybe they once were not that sincere and have since had a change of heart. BTW, the Gates Foundation has done a tremendous amount of good over the years.

                                          1 Reply Last reply
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