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A letter to our daughter

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Re: A letter to our daughter

#391

Okay, maybe it's just me, but after reading the introduction and getting through the list of extremely difficult "Can we..." challenges followed by the "We must..." directives, the first quote that popped into my head was a variation of “a poor man is crazy, but a rich man is just ‘eccentric.’” I get the desire to solve the world's ills, of society's shortcomings, of essentially fixing the thousands of years of evolu…

Man tries to help the world with his money and he's greeted with criticism.

Not money, shares.

Any public letters are carefully crafted pieces of PR, intention notwithstanding. The criticism probably stemmed from that angle.

Re: A letter to our daughter

#392
post #49

Earlier quoted context omitted.

I personally can't stand this sort of thing because it conflates something personal/intimate with a press release, and that's just kinda gross to me.

Oh for sure, there's a level of intimacy involved that, in a way, acts as a buffer against criticism. To criticise the lovely sentiment would be like pointing out a child making a half-dozen spelling errors in their letter to Santa Claus.

Except in child case you don't doubt their sincerity. In this case I have doubts was this written by parents or by PR department.

Re: A letter to our daughter

#393
post #322

Earlier quoted context omitted.

David Koch, worth 44,200 million dollars, is donating literally millions?!? How generous of him to give away approximately 0.002% of his fortune here and there. Please be serious. This comparison is laughable, the ≈ $300M listed on his foundation is literally 0.7% of his net worth.

How much of your wealth do you donate?

The marginal value of money is small. If I had ten times as much money as I have now, I would stop working and travel a lot more. If then my wealth magically multiplies by another factor of ten, basically nothing would change.

Re: A letter to our daughter

#394
Wow, addressing climate change and unsustainable resource consumption are absent from the list and "protecting the environment" is once mentioned in passing.

Re: A letter to our daughter

#395
post #112

Earlier quoted context omitted.

If we define "power-hungry" so broadly that it encompasses merely wanting to make the world a better place, I'm not sure what use the term is anymore.

The problem is "better" is subjective, and its probably preferred that the majority of people determine what better is instead of the small minority of people with billions of dollars. I like the future Bill Gates and Elon Musk want to bring. I do not like the future the Koch Brother's envision.

But would you be in the majority with that? :)

Re: A letter to our daughter

#396
post #344

Earlier quoted context omitted.

Do you consider debt an asset? If I can feed myself by going into debt, am I wealthy?

Easy access to debt is another economic asset that most of the world does not have. If you can feed yourself by going into debt, then you have purchasing power. You need something (except if you're a student) to guarantee the loan.

Unsecured loans exist.

Re: A letter to our daughter

#397

Earlier quoted context omitted.

Man tries to help the world with his money and he's greeted with criticism.

I don't think cynicism and criticism are the same here. This is the man that about a decade ago who called his users "dumb fucks" for trusting him with their personal data [1]. The same man who used failed password logins to Facebook to access a journalist's email address [2]. Now he's giving 99% of his wealth to a charity he controls. This is an awesome step: dynastic wealth is stupid. However, it will take a few mo…

What in particular would Zuck have to do to convince you that he's "grown out of his youthful moral indiscretions"?

Re: A letter to our daughter

#398
New money mistake. You don't change the world by putting your money into non-profits but rather cultivating a dynasty that has tentacles in business, government and thus policy.

You consolidate this kind of wealth into the proper channels to influence public opinion and thus a much greater sum (measured in trillions) over a greater time to get the real change you believe in.

It's a good gesture but a losing strategy. But it's his money to do as he pleases so, cheers Zuck.

Re: A letter to our daughter

#399
post #172

Earlier quoted context omitted.

That's fair, but if you notice a great deal of the letter is simply telling the child about the great achievements and dreams of the parents - if there's one thing I've learned the hard way, it's that dreams are easy to put into words and fuckin' hell on wheels to make reality. Philanthropy is a good social construct, for sure. I guess maybe I just have some inherent bias against preaching from atop the mountain of w…

I think you were right in your initial comment about being "significantly jaded". The dude is literally trying as hard as he can to fix problems in the world but both your comments do little other than detract from his effort/energy.

> The dude is literally trying as hard as he can to fix problems in the world

lmao, you're kidding right?

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