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Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

townandcountrymag.com

121–130 of 191 posts

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#121

Earlier quoted context omitted.

It allows them to "income smooth". They will know they're getting $100k down the road, so they can count on having that money to use for their kids' college or part of their nest egg. In the meantime, they can spend more freely. As for the gift to their heirs, that also allows them to consume somewhat more freely, instead of purchasing (as much) life insurance. Most young people don't, but people who compete in dange…

You make it sound like the word of an eccentric billionaire is as good as a US treasury bond.

[deleted]

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#122
post #90
post #54

Earlier quoted context omitted.

How many of these normal careers pay a single paycheck of $100k that can't be cashed for twenty years? That's what this offer is.

I don't think you should think of it as a paycheck. Delaying a normal career to compete in the olympics will set your career and earning potential back by a few years. This money tries to balance it out a bit.

The stated goal is that the money will help people do better in the Olympics. I don't see how it will do that. It might be good to do, but it won't help people perform better.

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#123
post #10

> “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…

I might be missing something, but how do these two incredibly-delayed payments help them train now?

They call J.G. Wentworth?

/Worst earworm since 1-877-KARS-4-KIDS

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#124
post #98

Earlier quoted context omitted.

[flagged]

> How many children are dying/starved/killed in the sudan war? Why don't these same protests make the same kind of statements for that? Because the United States isn't funding and supplying the weapons for that atrocity, and we don't have American congressman and presidents visiting Sudan to pay homage, or have US officials saying "Sudan first" and "Sudan is our greatest ally" and putting the Sudanese flag in their o…

If protestors were so concerned about Israel's conduct because of our tax dollars, then

- Why didn't any of them seem to care when Netanyahu proposed tapering off US aid? Shouldn't they have been celebrating a major stepping stone toward their purported objective?

- Why do we see the same obsession with Israel in European and many other countries, who do not provide any aid to Israel? What excuse do they have?

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#125
post #89

Earlier quoted context omitted.

An athlete who competes for a couple seasons would have the down payment for a house in each of those pay-outs. (And be able to, in all likelihood, borrow against it if they needed it earlier.)

We have now moved the goalposts from starting to build generational wealth to maybe part of a down payment on a house in a low-demand area in their mid-forties, assuming they have enough income to still qualify for the loan on the property. This is a great gift to the athletes, don’t get me wrong. There was just no need to oversell it.

> moved the goalposts from starting to build generational wealth to maybe part of a down payment on a house in a low-demand area in their mid-forties

On what planet are hundreds of thousands of dollars not generational wealth if played right? You’re talking about sums that are on par with the 401(k)s of retiring union workers.

It’s not riches. But it’s enough to pass along to your heirs. That’s generational wealth.

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#126
post #50

The 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.

Having more information doesn't necessarily means that one is better informed.

I also read/watch as much original sources as time and energy allows, that often (not always) gives a very different image than what media represents. For example, what I have read in the documents produces by UN representative for signs of genocide showed very thin/constructed arguments. Haven't read all of it so maybe there are better arguments as well.

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#127
post #50

The 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.

I'm surprised that a significant portion of western society has any sympathy for the Palestinian side after October 7. Hamas started a war and used a bunch of heinous tactics -- kidnapping and murdering a bunch of random civilians, putting bases in hospitals, stealing food aid, and so on.

Israel tries to avoid casualties when they can. For example when Hamas launches rockets at Israeli civilian targets, they shoot the rockets down with the Iron Dome and shrug it off. In my view Israel would be perfectly within their rights to return rocket for rocket into Palestinian civilian targets. That the Israeli rockets would have far more devastating effect as they'd produced by a nation state with a proper MIC, not what terrorists or smugglers can jury-rig, and the defenders don't have their own Iron Dome, Palestine would by far get the worst of the exchange, is something Hamas should be thinking of before they go around launching rockets at other people's civilian territory.

That Israel doesn't return rocket for rocket in this way tells me Israel is fighting with a significantly higher amount of restraint and morality than their opponent, and I'm confused as to how many otherwise intelligent people seem to feel otherwise.

I feel sorry for the civilians caught in the middle, but in my view, almost all the moral responsibility for the bad stuff happening to Palestine falls on Hamas. Hamas is always going around deliberately committing atrocities, Israel is often trying to show restraint while still maintaining reasonable military effectiveness against an enemy who likes using human shields.

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#128
post #50

The 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.

(1) If you are going to protest something, you need to show up with an answer to the question: “well, what should they have done?”

(2) That doesn’t matter to the situation at hand. The protests on college campuses got WAY out of hand and disrupted the purpose of the institution: teaching.

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#129

Earlier 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.

(1) If you are going to protest something, you need to show up with an answer to the question: “well, what should they have done?” (2) That doesn’t matter to the situation at hand. The protests on college campuses got WAY out of hand and disrupted the purpose of the institution: teaching.

(1) The answer is simple: Stop the genocide in Gaza by any means necessary. The US has the power to do that with its proxy Israel.

(2) Reading that I wonder if you also supported violent dismissals of Vietnam war protests

Re: Ross Stevens Donates $100M to Pay Every US Olympian and Paralympian $200k

#130
post #127

Earlier 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.

I'm surprised that a significant portion of western society has any sympathy for the Palestinian side after October 7. Hamas started a war and used a bunch of heinous tactics -- kidnapping and murdering a bunch of random civilians, putting bases in hospitals, stealing food aid, and so on. Israel tries to avoid casualties when they can. For example when Hamas launches rockets at Israeli civilian targets, they shoot th…

"Israel tries to avoid casualties when they can."

Provably false: 2018 Great March of return. Peaceful protest against the occupatioon and for the Palestinian right to return.

People got show down by snipers who also (until this day) shot at kids and medics.

Edit: Also the "mowing the lawn" doctrine

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