Okay, maybe it's just me, but after reading the introduction and getting through the list of extremely difficult "Can we..." challenges followed by the "We must..." directives, the first quote that popped into my head was a variation of “a poor man is crazy, but a rich man is just ‘eccentric.’” I get the desire to solve the world's ills, of society's shortcomings, of essentially fixing the thousands of years of evolu…
Whether or not the letter is narcissistic, one has to admire their initiative. It is not, unfortunately, the obvious thing to do, and they deserve to be applauded for that. Whatever personal faults the man has, I'd argue this kind of philanthropy more than makes up for it.
A letter to our daughter
261–270 of 555 posts
Re: A letter to our daughter
#262Earlier quoted context omitted.
Hopefully you're not the only one, as I share your reluctance to embrace it as the "go-to" model of social constructiveness. There's a lot of good that comes from people "giving back" in one form or another, be it financial, skilled labor, or just simple time and attention when possible. I think it's admirable to want to change "institutions" like education for the better - I've been an advocate for 'progress' ever s…
Would you voluntarily give more taxes to your governments? Or would you rather donate that money to a charity of your choosing / research? > the answer to the variety of problems that plague Chicago's South Side, New Orleans, or any number of troubled communities? No one (government, private sector, etc.) has the answer to those problems. Those are really really hard problems that require the cooperation of non-profi…
Basic income on the premise of infrastructure renovations is something I'm fully behind and I think many more citizens would be too, specifically those getting by on food stamps.
Re: A letter to our daughter
#263Earlier quoted context omitted.
Frankly, I find this is a very cynical approach to the lecture of this letter. Most everyday Joes might not have the means to change the world but it is certain that when turn into billionaire, they rarely pledge the quasi-totality of their fortune to improve the well being of others. If this is narcissistic, just let it be and be appreciate that for once, a great deal of money will be put to good use. The world is f…
While Facebook is not doing everything it can to evade taxation in many countries, right? And let them choose what to do with the money. Why isn't Zuckerberg pledging to drive his company as a good citizen?
Judge Learned Hand (a real person's name) wrote, "Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes."
I agree wholeheartedly.
I imagine that were I in their shoes, I'd be fairly confident that I could do more good for the world by private philanthropy, directed to causes that I felt compelling, than by fueling general government spending/avarice around the world.
Re: A letter to our daughter
#264Mark has set some ambitious goals regarding poverty, disease, nutrition, and equality, and connectivity. I hope for all of our sake that he is successful in realigning many of the perverse short-term incentives through his and his Priscilla's generous contributions and efforts. I wish he had spoken more about luck and balance. This is something that Bill & Melinda Gates, as well as Warren Buffet do very well. Underst…
Most of these things can be achieved, but I really don't understand what most people expect from equality. For example, does equality mean that if I sit on my ass and do nothing, I get the same as the person next to me who works their butt off? Or does it mean that I get a fixed amount based on the effort I put in? How is that effort measured? When people talk about equality, I'm not sure if they mean equal opportuni…
Re: A letter to our daughter
#265Earlier quoted context omitted.
That's fair, but if you notice a great deal of the letter is simply telling the child about the great achievements and dreams of the parents - if there's one thing I've learned the hard way, it's that dreams are easy to put into words and fuckin' hell on wheels to make reality. Philanthropy is a good social construct, for sure. I guess maybe I just have some inherent bias against preaching from atop the mountain of w…
I think you were right in your initial comment about being "significantly jaded". The dude is literally trying as hard as he can to fix problems in the world but both your comments do little other than detract from his effort/energy.
Let him clean up his act and his company's first, until then he has zero credibility.
This Zucker is no Manoj Bhargava.
Re: A letter to our daughter
#266Re: A letter to our daughter
#267Earlier quoted context omitted.
>I mean, what else are you going to do with $45 Billion? You are thinking about it the wrong way. You don't spend $45B on stuff for yourself. You spend $45B on changing the way governments and populations live work and how power is balanced. When Bud Fox asked Gordon Gekko "How much is enough" Gekko knew immediately that Fox wasn't in the same league. Money isn't about stuff, it's about power and influence.
I strongly feel this power, influence, giant houses, jets, personal cruise ships etc are old generation stuff - something that grey haired Gekko will personify. The "new rich" is dramatically different and for the better. Today's centi-millionairs wants to stay anonymous, don't want to have butlers, have houses that they can manage without permanent staff and often prefers travelling first class or renting Yatch inst…
See: The Millionaire next door
Re: A letter to our daughter
#268Earlier quoted context omitted.
Don't know about the Saudi princes however the Koch Brothers have given away millions of dollars (and I am sure there also give away money anonymously as well). http://www.kochfamilyfoundations.org/foundationsdhk.asp Also rest assured that Facebook also "evades taxes" in the same way that the Koch brothers do, that is by taking advantage of the US Tax Code in a legal way. And none of us have any idea what the Koch Br…
Consider as well that Facebook steals money from content creators who really need the money . See https://www.youtube.com/watch?v=L6A1Lt0kvMA & https://www.youtube.com/watch?v=t7tA3NNKF0Q Also, the idea of having Facebook at the cost of giving up your privacy to this behemoth, and more importantly, at the cost of this company exploiting your cognitive biases to get you to buy things hardly seems conducive to a spirit…
Re: A letter to our daughter
#269Re: A letter to our daughter
#270Okay, maybe it's just me, but after reading the introduction and getting through the list of extremely difficult "Can we..." challenges followed by the "We must..." directives, the first quote that popped into my head was a variation of “a poor man is crazy, but a rich man is just ‘eccentric.’” I get the desire to solve the world's ills, of society's shortcomings, of essentially fixing the thousands of years of evolu…
Frankly, I find this is a very cynical approach to the lecture of this letter. Most everyday Joes might not have the means to change the world but it is certain that when turn into billionaire, they rarely pledge the quasi-totality of their fortune to improve the well being of others. If this is narcissistic, just let it be and be appreciate that for once, a great deal of money will be put to good use. The world is f…
> If this is narcissistic, just let it be and be appreciate that for once, a great deal of money will be put to good use. The world is full of Koch Brothers, Saudi princes and European heirs to prove that most billionaires are more concerned about evading taxes rather than giving back.
I'm not so sure that's true. The ultra-rich actually donate a huge amount of money. Just last July a Saudi Prince announced he was donating over $30 billion to "philanthropic causes". And back in 2012 a bunch of them pledged to give away "half their wealth."
And those are just a couple of the bigger examples I found in 2 minutes of web search.
Also, I've never heard of anybody volunteering to pay more taxes. Everybody tries to pay less, so it's silly to fault the rich for doing it just because they're saving more in absolute terms.
Link 1: http://fortune.com/2015/07/01/saudi-prince-alwaleed-donation...
Link 2: http://www.christianpost.com/news/over-125-philanthropist-bi...