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Gates Makes Largest Donation Since 2000 with $4.6B Pledge

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Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#121

Earlier quoted context omitted.

The argument usually is that by donating your money to a charity that you control instead of paying taxes you effectively undermine democracy.

The majority of federal income tax receipts go to military spending [+] (ignore social security and healthcare, those are funded out of compulsory payroll taxes, which is distinct from federal income tax); you're doing more social good (in general) by diverting wealth to charities that promote social welfare than giving that money to the federal government (I'm sad to say). Sometimes democracy is wrong. More social p…

It depends on how democracy is implemented. It's just a tool afterall...

In Europe you still get more social programs, less f35... (not everywhere though).

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#122
post #87

Earlier quoted context omitted.

Hmm I think it's probably better to get the lump sum and operate off interest. Even 1% of $50 billion yearly is $500 million. I think the foundation could manage to exist off that.

That requires self control and discipline. Many people don't have a great mastery of it.

Why would you give your money to a group where you have concerns about their ability to manage the money?

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#123
post #74

Earlier quoted context omitted.

That's a common misconception. Nonprofits _do_ have owners. And also, while they can't make money directly, they can spin off for-profit companies if e.g. they invent a cure for cancer or something.

That's incorrect. Nonprofits can't have owners. https://cullinanelaw.com/nonprofit-law-basics-who-owns-a-non... https://www.501c3.org/who-really-owns-a-nonprofit/

They do have "stakeholders" which, naturally, can't profit from either operation or sale of the nonprofit, but, crucially, _can_ control creation of commercial spin-offs and spending. I.e. While de jure they can't be called owners, they still can (and often do) profit indirectly.

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#124
eradication of Malaria (1000 deaths daily, much more suffering and cost to society).

If great efforts are made to eradicate diseases in an area that has historically been subjected to various diseases such that the local population has adopted the reproduction strategy of having large amounts of offspring to counter premature deaths, but upon eradication/reduction of said diseases there is significant delay in the abatement of the overproduction strategy if it abates at all http://www.unz.com/isteve/the-worlds-most-important-graph/

if this population surge then expands beyond it's historical borders and causes mass societal disruption on a neighboring continent whose civilization has historically contributed great innovation and wealth to the world at large, and subsequently, said wealth and innovation contribution declines because of said societal disruption, do those who sought to eradicate the various diseases harbor some responsibility for the diminished prospects of the world at large?

Granted these are delicate questions but I believe their being asked has not just validity, but importance.

Certainly, simply ignoring pain, disease, and suffering is almost universally unpalatable.

But modifying one aspect of a complex system for what appears to be perfectly benevolent reasons, it is not at all surprising to find there could be downstream negative effects, negative enough to far outweigh whatever beneficent contribution you thought you were initially making. How do you make value judgments in such cases?

Gates himself has said it is far better to help people where they are regarding the recent unauthorized population influx events in Europe.

So I don't believe he is entirely blind to these potential downstream catastrophic effects.

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#125

Earlier quoted context omitted.

It's the precedent, really. Donate $1B, and only $100M is used for the actual solution of the problem while $900M sits accumulating more wealth. The vacation home comes 7-8 years later, after the money has been "washed" a few times. This would be like me automating commits at a startup with some hardcoded boilerplate commit messages to make it look like I was working the full "expected" day while in actuality, I was…

This makes no sense. If the foundation is "accumulating more wealth", that just means they have more money to spend on on good causes later. Nobody can take the money out for themselves.

> that just means they have more money to spend on on good causes later. > to spend on on good causes later.

And you know the money is being used for this, how?

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#126

Earlier quoted context omitted.

Gates and Buffett have, for many years now, publicly pledged to give away basically 99% of their wealth. Buffett's premise on not giving much of his wealth to his children, goes back perhaps 40 or 50 years now based on what he has said. According to Gates, an article that Buffett wrote for a business magazine, published ~25 some years ago now, informed and altered Bill's thinking on the detriment of giving such immen…

> Buffett's premise on not giving much of his wealth to his children I mean, it's still an insanely huge amount of money he'd be giving to his children (Gates as well). 1% of his networth is $762 million - you're talking about an insane amount some people are going to get just by being born (even after taking into account inheritance taxes and splitting the money among siblings). And we should also remember that char…

[deleted]

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#127
post #87
post #51

Earlier quoted context omitted.

It is the mythical man-month applied to charity. It takes time to get results, adding more money doesn't help. Nobody wants that much cash in one lump sum, they want an anual income. If you give me my anual income (including benifits and supplies) and I can quit my current job to do charity work. If instead you were to give me a billion dollars, I can still quit my job to do charity work, but this time I'll be doing…

Hmm I think it's probably better to get the lump sum and operate off interest. Even 1% of $50 billion yearly is $500 million. I think the foundation could manage to exist off that.

There are several problems with that.

The problem might be solved - what should a charity dedicated to smallpoxs do with their 50 billion?

A good charity today might not be good tomorrow. Today they pay their officers a reasonable sum and the rest goes to scientists who get a reasonable sum. Next year they fire all scientists but one (the officers brother-in-law), and give everyone a massive raise. Science still gets done - just enough to stay legal.

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#128
A different view on Gates' charity work: [1]

Some highlights:

"The first question concerns accountability... The Foundation is the main player in several global health partnerships and one of the single largest donors to the WHO. This gives it considerable leverage in shaping health policy priorities and intellectual norms..."

"‘Depending on what side of bed Gates gets out of in the morning,’ he remarks, ‘it can shift the terrain of global health.’.."

"It’s not a democracy. It’s not even a constitutional monarchy. It’s about what Bill and Melinda want..."

"In 2008 the WHO’s head of malaria research, Aarata Kochi, accused a Gates Foundation ‘cartel’ of suppressing diversity of scientific opinion, claiming the organization was ‘accountable to no-one other than itself’."

"As Tido von Schoen Angerer, Executive Director of the Access Campaign at Médecins Sans Frontières, explains, ‘The Foundation wants the private sector to do more on global health, and sets up partnerships with the private sector involved in governance. As these institutions are clearly also trying to influence policymaking, there are huge conflicts of interests... the companies should not play a role in setting the rules of the game.’"

"The Foundation itself has employed numerous former Big Pharma figures, leading to accusations of industry bias..."

"Research by Devi Sridhar at Oxford University warns that philanthropic interventions are ‘radically skewing public health programmes towards issues of the greatest concern to wealthy donors’. ‘Issues,’ she writes, ‘which are not necessarily top priority for people in the recipient country.’"

More in the article...

https://newint.org/features/2012/04/01/bill-gates-charitable...

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#129
post #56

Earlier quoted context omitted.

> Feeney is known for his frugality, living in a rented apartment Seems like renting isn't that frugal in the long-term though... it's unlikely cheaper long-term than owning a condo or small home, ie. you're either paying your own mortgage or someone else's mortgage + rental profits.

San Francisco has insane rent control. He's probably paying something like $300/mo if he's been there for decades.

San Francisco has insane loopholes for rent control too. If he were really paying 300/mo he'd have been kicked out for an OMI 10 years ago.

Re: Gates Makes Largest Donation Since 2000 with $4.6B Pledge

#130

eradication of Malaria (1000 deaths daily, much more suffering and cost to society). If great efforts are made to eradicate diseases in an area that has historically been subjected to various diseases such that the local population has adopted the reproduction strategy of having large amounts of offspring to counter premature deaths, but upon eradication/reduction of said diseases there is significant delay in the ab…

That makes the assumption that the "disruption to the neighboring continent" is going to be worse as a result of overpopulation than it already is dealing with neighbors who are poor and impoverished and disease ridden.

In both cases I don't think the "civilized" neighbor continent is enjoying the benefits of its poorer neighbor. There is an equal argument to be said that by eradicating these diseases that the poorer neighbor is able to pull itself out of that poverty.

Regardless, history is filled with population surges and mass societal disruption -- I am sure we can resolve it over time.

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