99% of 100B puts him with 1B in wealth remaining in 20 years. Bill will die extremely wealthy by any measure.
My new deadline: 20 years to give away virtually all my wealth
31–40 of 704 posts
Re: My new deadline: 20 years to give away virtually all my wealth
#32Last time he pledged to give away half his wealth over x years didn't it basically tripple during that period?
It seems weird to write this, but:
In the billionaire’s defense, he probably didn’t plan on us as a society deciding to shoveling money at his class as quickly as we possibly could.
Re: My new deadline: 20 years to give away virtually all my wealth
#33How much power is concentrated in the hands of individuals... It's great that Gates is choosing to use that power philanthropically, but it also raises questions about the long-term role of private wealth in solving public problems.
Re: My new deadline: 20 years to give away virtually all my wealth
#34Re: My new deadline: 20 years to give away virtually all my wealth
#35Earlier quoted context omitted.
Gates has been advocating for higher taxes to people like him for a while.
Is anyone stopping him, et al, from just paying more? There's an option for that on US tax forms (though I'm guessing tax returns for billionaires are a little more complex than what a Form 1040 can handle).
People suggest this often whenever a rich person says they should pay more taxes but unless I can specifically say I want my extra taxes to go to a specific government agency or office, I have no idea why I would do this. Just so Boeing can get a larger contract with my extra taxes? At that point I would just donate directly to causes that support what I want instead of dealing with the middle man.
Re: My new deadline: 20 years to give away virtually all my wealth
#36[flagged]
He might say he did it, and just pretend. Probably hire a bot army to spread it further.
Re: My new deadline: 20 years to give away virtually all my wealth
#37"virtually" wonder why it needs to be qualified like this.
Because "20 years to give away all my wealth" would be misleading? He plans to retain some of his wealth.
Re: My new deadline: 20 years to give away virtually all my wealth
#38Earlier quoted context omitted.
Gates has been advocating for higher taxes to people like him for a while.
Look at outcomes, not words and ambitions.
There is nothing inconsistent about wanting a society’s tax structure to change, but also not sacrificing yourself (which the donations kind of are).
I want X rules, but I will play by whatever rules exist at the time.
Re: My new deadline: 20 years to give away virtually all my wealth
#39His foundation really does seem to do a good job with 'effective altruism'. There's a reason they're marked as secondary beneficiaries on all my accounts.
Also, as a recommendation, you guys should look into whether your employer matches charitable donations to 501Cs in any amount. I find giving a solid chunk of my discretionary budget to charity every year lends a sense of purpose to a job that wouldn't otherwise have much (at least, in the sense of helping others).
I enjoy being a dev, and I've given serious thought to simply continuing working once I reach my FIRE number and donating half of what I earn to charity. I think most charities would have more use for my money than my time, given my disability
Re: My new deadline: 20 years to give away virtually all my wealth
#40Earlier quoted context omitted.
Gates has been advocating for higher taxes to people like him for a while.
Is anyone stopping him, et al, from just paying more? There's an option for that on US tax forms (though I'm guessing tax returns for billionaires are a little more complex than what a Form 1040 can handle).
> Though I'm guessing tax returns for billionaires are a little more complex than what a Form 1040 can handle
Even billionaires file a 1040. They just file a whole lot of other forms with it.
But at the end of the day, it all rolls up to the same 1040 that you and I use. :)