Earlier quoted context omitted.
Weird aggresssion. You trust billionaires?
> Weird aggresssion It’s aggressive to call out baseless conclusions being represented as sureties?
You need to touch grass lol
Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
111–120 of 191 posts
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#112Earlier quoted context omitted.
Is your argument that, if she knew she was going to get $100,000 in 2010, she would have been number 1 in the world in doubles in 1990? That's how I understand the stated goal of this gift.
People absolutely do give up their athletic career to start a normal career for better financial security.
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Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#113Earlier quoted context omitted.
> Another $100,000 will be in the form of a guaranteed benefit for their families after they pass away. > So half of it will never be seen by the athlete This can't be right, right? I never heard of people "receiving a donation" that you get the promise of now, but will be given to your family once you die, sounds a bit macabre. And as you mention, also pointless, how would that make them "break through new frontiers…
Have you never heard of a trust before? They have all sorts of stipulations depending on what the person creating the trust wants. It's very common for a kid to only get access to their trust when they turn 18 with more access granted at other milestones. It also sounds like a free life insurance policy. Those also only pay out when someone dies. This doesn't sound macabre at all to me. Sounds more like loophole find…
Amateur status hasn’t been relevant to the Olympics in quite a while.
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#114Earlier quoted context omitted.
$100K in 20 years is worth about $37K today (20 year STRIPS pay about 5%). Nobody is making long term or short term financial plans based on this. It’s just a nice bonus to honor dedication to a sport.
I would expect that $100K is hedged against inflation though.
I wouldn't bet on a billionaire making sure he's giving even more money away than he promises.
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#115The real answer here is that he is mad about people protesting what Israel is doing in Gaza. This $100M donation is being made with funds he had given to UPenn. He has taken it back, via lawyers, because they allowed the protests to go on. He is now just taking that original donation and moving it somewhere else. Not that I am against the Olympians getting paid, just some context. Sources: https://philanthropynewsdig…
I would have never guessed that a significant portion of western society would not only be ok with killing thousands of children but be outraged that anyone would protest it. I feel like I have more information about the world than ever and understand it less than ever.
Estimates for deaths we caused in Iraq range from the low hundreds of thousands to the millions, and that's going to be overwhelmingly civilians. [1] And given those are all very short time estimates (generally 2003-2007), and since many studies are from violent deaths only (excluding subsequent caused famine/disease/despair/etc) the millions is likely closer to the mark than not.
Compare that to the death toll in any comparable war, event, or behavior that we politicize against domestically. Now imagine yourself seeing these things from the outside. That's how the world looks to the 'real' rest of the world, and not the ~15% and declining percent of the world that people call the 'rest of the world', when they mean Europe, the Anglosphere, and a handful of occasional oddballs like Japan or South Korea.
And when you see this world through their eyes, you start to see an entirely different world, and it's the world that we are also starting to see now as all masks and pretexts have been coming off for years now. And in general I think that's a good thing. People can't form realistic and meaningful worldviews if they're stuck in a Marvel Comic Universe perspective of international relations.
[1] - https://en.wikipedia.org/wiki/Casualties_of_the_Iraq_War
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#116What actually guarantees that this money doesn't evaporate? Who's managing it? Who's collecting the interest on the money?
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#117The real answer here is that he is mad about people protesting what Israel is doing in Gaza. This $100M donation is being made with funds he had given to UPenn. He has taken it back, via lawyers, because they allowed the protests to go on. He is now just taking that original donation and moving it somewhere else. Not that I am against the Olympians getting paid, just some context. Sources: https://philanthropynewsdig…
I would have never guessed that a significant portion of western society would not only be ok with killing thousands of children but be outraged that anyone would protest it. I feel like I have more information about the world than ever and understand it less than ever.
it's hard to put numbers to words, but I doubt "a significant portion of western society [is] outraged that anyone would protest it" - likely, it's very small but influential and/or wealthy.
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#118Ill believe it when I see people with cash in hand. Otherwise I will continue to believe this is just another financial grift, like everything else billionaires do publicly with their money. If billionaires weren't the most greedy people in existence to start with, they wouldn't have ever become billionaires, they would have learned how meaningless endless greed is 900+ million dollars ago when everything they, their kids, their grand kids, and great grandkids could ever want was already paid for.
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#119Earlier quoted context omitted.
I would have never guessed that a significant portion of western society would not only be ok with killing thousands of children but be outraged that anyone would protest it. I feel like I have more information about the world than ever and understand it less than ever.
it's hard to put numbers to words, but I doubt "a significant portion of western society [is] outraged that anyone would protest it" - likely, it's very small but influential and/or wealthy.
I think it's probably significant and at least as big as the crazification factor https://shebloggedbynight.com/2025/the-27-club-or-lizard-peo...
Of course we haven't actually defined what we mean by significant, so I suppose we will have to drop back to that old standby of 5%.
Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k
#120> “I do not believe that financial insecurity should stop our nation’s elite athletes from breaking through to new frontiers of excellence,” Stevens said upon the announcement of his gift. So his goal is to prevent money issues from being a thing getting in the way of athletes achieving. But he has structured it in a way that prevents the money from helping this goal. > Per the Wall Street Journal, “Half will come 20…
> Another $100,000 will be in the form of a guaranteed benefit for their families after they pass away. > So half of it will never be seen by the athlete This can't be right, right? I never heard of people "receiving a donation" that you get the promise of now, but will be given to your family once you die, sounds a bit macabre. And as you mention, also pointless, how would that make them "break through new frontiers…
My very rough lay understanding is that life insurance policies can be quite lucrative due to tax-free growth, and the main thing that holds back taking life insurance on arbitrary people as a general investment strategy is that you need to have some plausible reason why you're connected to someone's lifespan. I have to wonder if this whole thing isn't some giant tax dodge based on taking life insurance policies that pay a small amount to the athletes and the bulk back to whatever asset protection vehicle.