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Being the person that understands more about charity than anyone else, nobody has donated more than him in the history of charity but the radical left doesn't want you to know this. /s
My new deadline: 20 years to give away virtually all my wealth
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Re: My new deadline: 20 years to give away virtually all my wealth
#52Last time he pledged to give away half his wealth over x years didn't it basically tripple during that period?
MSFT is up 18x during that time and the S&P 500 is up 5x during that time. His investments are some mixture of MSFT and other things, so we might say he would have been up around 10x if he'd given no money away.
Since his net worth is only up 3x, that means he gave away about 70% of his wealth.
Re: My new deadline: 20 years to give away virtually all my wealth
#53> We now understand the essential role nutrition—and especially the gut microbiome—plays in not only helping kids survive but thrive.
Glad we finally know now that babies need nutrition.
Re: My new deadline: 20 years to give away virtually all my wealth
#54Earlier 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).
If I were him I wouldn't, for fear it would go to our 1T/yr defense budget, or perhaps some narcissists 'birthday parade'
Re: My new deadline: 20 years to give away virtually all my wealth
#55[dead]
Re: My new deadline: 20 years to give away virtually all my wealth
#56How 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.
Well, it's not as if the public sector is solving many problems these days. We seem to have decided, collectively, that we'd rather have more problems. At least that's what we've been voting for.
How can it when it's a thankless job that other psychopathic politicians will rally the people you're trying to help against you?
Re: My new deadline: 20 years to give away virtually all my wealth
#57How can u get some of this funding to do fundamental AI research?
Aren't there more important issues than tossing more money into that particular furnace? Touch some grass man.
Re: My new deadline: 20 years to give away virtually all my wealth
#58It's interesting he decided to go this way rather than put it into a sustainable trust and just trickle money out indefinitely. I suspect he believes that these causes need shock therapy. To eradicate a disease, you are better off doing it all in one go. I also wonder if he looks at something like the Ford Foundation and realize in the long run that any charitable trust will just turn into an overstuffed political ad…
His strategy also may have changed due to recent events affecting foreign aid...
Re: My new deadline: 20 years to give away virtually all my wealth
#5999% of 100B puts him with 1B in wealth remaining in 20 years. Bill will die extremely wealthy by any measure.
That would put him in the ranks of Marissa Mayer, Sundar Pichai, Sheryl Sandberg, Reid Hoffman, Palmer Luckey, Tim Cook, Evan Spiegel.
Re: My new deadline: 20 years to give away virtually all my wealth
#60I don't think promises like this should be considered news. Take a look at the list of people who have signed Gates' own Giving Pledge and ask yourself if making the pledge changed their behavior at all: https://en.wikipedia.org/wiki/The_Giving_Pledge.