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Which billionaires are doing the most good?

billionaireboard.com

31–40 of 134 posts

Re: Which billionaires are doing the most good?

#31
post #8

I'm assuming this isn't factoring in the harm they're doing. How much do Bezos's donations to homeless services offset his union-busting? Is there a formula for that?

Well in Seattle, their homeless charity money is less so far than the money they have spent against the politicians trying to do anything about homelessness besides passively asking for business to "be responsible".

Re: Which billionaires are doing the most good?

#33
post #26

I don't like rankings like this. I'm not saying all of them, but at least a few made their money off of the backs of others, being ruthless in business, etc. How gracious of them to give money to people they hurt in the first place. I'm glad they are doing good, but let's not pretend they were completely altruistic. Also, a number of these people donated money years ago to avoid taxes, and the money was invested and…

>a number of these people donated money years ago to avoid taxes This isn't how taxes work. If you donate money then you've only reduced your taxable principal. You "avoid taxes" in the sense that it's as if you never made that money. You don't magically reduce your burden any further than that. People won't take your otherwise fine point seriously if you include this commonly made error.

Yes, now "donate" to a health charity which buys pharmaceuticals from a company you have stock in. Bam, tax rebate for investing in your company.

Re: Which billionaires are doing the most good?

#34
post #8

I'm assuming this isn't factoring in the harm they're doing. How much do Bezos's donations to homeless services offset his union-busting? Is there a formula for that?

That seems like a fair criticism, this site appears to buy fully bought into the American exceptionalism story. While these folks should be taxed into the ground the wealth and experience they can personally contribute - while overwhelming compared to other individuals - is absolutely dwarfed by the ability of our society at large to address the pandemic. They may be a noticeable part (and I really do appreciate Bill Gates getting out on the media circuit to make it clear to folks that this happened once and it can happen again) but they aren't the solution themselves nor even a significant portion of it.

Re: Which billionaires are doing the most good?

#35
post #3

Are the metrics for this described somewhere? I find the top two surprising. From their numbers, Dorsey has donated $1B (26% of his current $3.8B net worth), while Gates has donated $36B (36% of his current net worth). So....Gates has donated more as a share of his net worth and SIGNIFICANTLY more in raw numbers. What justifies putting Dorsey ahead of him?

Agreed. And looking at Koch donations... he's only "donating" to his own companies:

> Koch Industry's Molex is transforming its production line to help produce Sense's Biodetection new COVID-19 test that produces result in less than 10 minutes.

I wouldn't ever classify this guy as doing something "good", unless good is coincidentally beneficial to him.

Re: Which billionaires are doing the most good?

#36

It is often the case that soft social pressure is the best way to enforce desirable behaviors amongst people. Within friend groups where there are no formally established laws or codes of conduct, there are certain implicit standards of behavior people are expected to abide by, and part of why they do is because of the threat of social ostracism. In a broader scope, in ancient societies social ostracism was often use…

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Re: Which billionaires are doing the most good?

#37

Just tax them.

True gifts are freely given, not forcibly taken.

Sure, but billionaire money can often also be the result of other things being forcibly taken from society. You're not looking for gifts, you're looking for them to pay the actual cost for what they've obtained.

Examples include: Your data, subsidies from your tax dollars to create asymmetric markets, common things like water quality or environment, or legal asymmetry that allows for rent-seeking.

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