Live data from Hacker News

Chuck Feeney Is Now Officially Broke

forbes.com

101–110 of 875 posts

Re: Chuck Feeney Is Now Officially Broke

#101
post #6

This is a role model I can actually appreciate. I can't figure out why this is the first time I've heard of him. I've seen lots of news about people buying expensive shit, but the fact that this has never come to my attention is a horrible indicator of what the media chooses to report on.

The book about his life is quite good. "The billionaire who wasn't".

Re: Chuck Feeney Is Now Officially Broke

#102
post #51

> While many wealthy philanthropists enlist an army of publicists to trumpet their donations, Feeney went to great lengths to keep his gifts secret. Crazy respect for this. Many times billionaire charitable foundations are just tax preferred ways of building your image or amassing influence. Bill Gates has done a lot of good, but his charitable work also served to redeem his image from that of the ruthless businessma…

Sure, but what benefit does that power get him except to accomplish the goals of his philanthropy? He doesn't appear to be trying to amass more wealth. He needs to amass connections and power if he wants to accomplish his philanthropic goals. As for fixing his image, sure, maybe that was part of it. But I doubt it. He could have just made a few really big donations and then went off to himself to enjoy his wealth.

He is strongly opposed to end-to-end encryption, for one example.

Re: Chuck Feeney Is Now Officially Broke

#103
post #76

I humbly encourage everyone to make giving a larger part of your life. Consider giving at least 10% of your income to cost-effective charities -- because cost-effective charities can do thousands of times more good than merely regular charities. So your $1,000 donation can do as much good as $1 million, if given well. Join others: https://www.givingwhatwecan.org/

> So your $1,000 donation can do as much good as $1 million, if given well.

Umm, no

Re: Chuck Feeney Is Now Officially Broke

#104

Earlier quoted context omitted.

https://www.vox.com/future-perfect/2018/12/11/18129580/gates...

Please make a point rather than just pasting insinuations and links to articles. Neither of the two articles you've provided give any reason Feeney would have a negative opinion of Gates.

I don't assume Feeney has a negative opinion of Gates, everything he has said publicly has been supportive of Gates.

Given Gates central role in driving for global pandemic vaccines, I wonder what Feeney thinks of that huge global and very public project. The Ft Gates oped link above is from today, I just read it before opening HN and seeing the Forbes Feeney post.

Re: Chuck Feeney Is Now Officially Broke

#105
post #97
post #63

Earlier quoted context omitted.

My argument is that a system that allows $8 billion in wealth to accumulate enough to be controlled by one person has already failed. The US government is actually really impressively good in a lot of areas, and I personally get fatigued of the oft-repeated notion that government “can’t possibly work” or that they “can’t possibly spend tax dollars responsibly.”

> a system that allows $8 billion in wealth to accumulate enough to be controlled by one person has already failed I think you have little appreciation of how wealth is created. Jeff Bezos became the wealthiest person in the world neither by stealing or exploiting , but rather by improving peoples lives. Amazon was able to organize systems, take advantage of technological developments and put capital to work to impro…

The team at Amazon improved people's lives, not Jeff Bezos all by himself. Why couldn't there be thousands more millionaires that helped build Amazon rather than one mega billionaire?

Re: Chuck Feeney Is Now Officially Broke

#107
post #6

This is a role model I can actually appreciate. I can't figure out why this is the first time I've heard of him. I've seen lots of news about people buying expensive shit, but the fact that this has never come to my attention is a horrible indicator of what the media chooses to report on.

[deleted]

Re: Chuck Feeney Is Now Officially Broke

#108
post #14
post #6

This is a role model I can actually appreciate. I can't figure out why this is the first time I've heard of him. I've seen lots of news about people buying expensive shit, but the fact that this has never come to my attention is a horrible indicator of what the media chooses to report on.

I suggest that it does not align with consumerism/capitalist ideologies which are used in the feedback loop to promote themselves/further substantiate their existence and influence in culture. Philanthropy is great, but to some extent I think the argument that properly taxing such capitalistic gains could have greater effect on society when properly used by the system that can support massive scale projects (i.e. the…

Deadweight loss is a real thing.

Re: Chuck Feeney Is Now Officially Broke

#109
post #76

I humbly encourage everyone to make giving a larger part of your life. Consider giving at least 10% of your income to cost-effective charities -- because cost-effective charities can do thousands of times more good than merely regular charities. So your $1,000 donation can do as much good as $1 million, if given well. Join others: https://www.givingwhatwecan.org/

> So your $1,000 donation can do as much good as $1 million, if given well. Umm, no

Yes. Consider mosquito nets (<10$) to protect against malaria vs. training a guide dog (~50k).
Post reply on HN