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My new deadline: 20 years to give away virtually all my wealth

gatesnotes.com

591–600 of 704 posts

Re: My new deadline: 20 years to give away virtually all my wealth

#591

Earlier quoted context omitted.

His strategy also may have changed due to recent events affecting foreign aid...

True. But remember that Gates said he could not fill the hole left by funding cuts to USAID: https://www.reuters.com/business/healthcare-pharmaceuticals/... .

To be clear, I'm speculating; it does seem plausible that he is trying to slow the bleeding even if he knows full well it won't stop it.

Re: My new deadline: 20 years to give away virtually all my wealth

#592
post #496
post #427

Earlier quoted context omitted.

You are framing it as a binary "you either fund the government or only your friends." You really believe there is no in between? You are framing this as if you're on some high ground and we either have to agree with your opinion or we are selfish. There are other ways to advance humanity than your opinions. Government is not some benevolent entity. The supposition that it is has no basis in data from present reality…

> Government is not some benevolent entity. Of course not. It's quite literally just the people. If you cannot trust the people with your charitable donations, but still wish to donate to a person, then you're going to have to narrow that down to the specific person you can trust (i.e. your friends). There is no in-between.

There is a major important nuance. It is just some people, who happen to control the government (ie: use of force) to achieve their ends. "The people" are diverse and have different opinions, and the "government" represents a small portion of them. I've certainly donated to charitable organizations that are not my friends, but have a proven track record of effectively using money for specific goals. The government rarely meets this criteria.

Re: My new deadline: 20 years to give away virtually all my wealth

#593
post #330

This is the way that foundations and endowments should operate. Too many well-intentioned organizations wind up milquetoast tax-exempt hedge funds aimed primarily at self-preservation because the received wisdom is that they should focus on building endowments and keep their withdrawal rates below 4% in order to achieve immortality. I'm a big believer in research-driven philanthropy and mission-driven organizations.…

> Thank you for coming to my TED talk. Ha ha, well here's mine. First, I'm way ahead of Mr Gates: I'm already worth almost nothing. But if I had billions to give , I would be supporting Science Education, Democracy and Journalism. Scholarships for bright, motivated students. With all due respect to Mr G, I don't believe any of his objectives is possible with stable, educated, science-orientated social progress. Human…

They fund students through grants to PIs. I suspect the amount is on the order of 100M$.

Re: My new deadline: 20 years to give away virtually all my wealth

#594
post #573
post #563

Earlier quoted context omitted.

> There's always something to learn from everyone. Elon reiterated one thing frequently - "We have to get to Mars soon because I don't want to be dead before it happens" I understand the idea of learning from everyone, even those whose values I strongly disagree with. But after learning about everything Elon has done in the public sphere, would this statement be more likely just narcissism rather than a deep and insp…

That doesn’t really matter though? The end result is we’ll get to Mars faster than we’d otherwise do.

The way things are going here on Earth (thanks in part to Musk and "Glorious Leader" Trump), we ain't makin' it to Mars before global resource wars completely cripple all our scientific aspirations, including becoming a "space-faring" species. It's all wasted effort at this point, because nobody seems willing to do what it's gonna take to ensure that humanity has any future at all.

Re: My new deadline: 20 years to give away virtually all my wealth

#595

Earlier quoted context omitted.

Norway is basically anything but the Saudi Arabia of Europe. The ONLY thing that is similar is that they both have oil and natural gas in their territory. It's a gross comparison.

I was 100% of the impression that GP was comparing petroleum resources, and explicitly not climate, traditional dress, or human rights.

Flew straight past me somehow, that's on me!

How they spend their oil resources is also quite different. :)

Re: My new deadline: 20 years to give away virtually all my wealth

#596
post #581

Earlier quoted context omitted.

Dig deep enough and there's always a kickback, some business he's involved in that profits one way or the other.

Do you have any examples?

No, I don't collect these things, I prefer to spend as little time as possible thinking about Bill Gates.

But everything you could possibly want to know is a Google search away.

Re: My new deadline: 20 years to give away virtually all my wealth

#597

Earlier quoted context omitted.

What diseases has Gates eradicated? Polio has been surging back and nOPV (which Gates stands to generate a lot of personal wealth from, by the way) has been a bit of a bust. Measles is going strong, too, and Malaria seems to have been a bit of a token effort for Gates.

Polio type 2 and 3 were eradicated and overall we went from 400k cases of paralytic polio per year down to less than 1% of that.

You may want to check your numbers because polio type 2 and type 3 are both still around (in fact, cVDPV type 2 is very, very common). The GPEI website has the recent numbers, updated weekly (although with ~3 month lag).

400k to 4k is not 400k to 0. Eradication means 0. People don't get smallpox vaccines today because we hit 0. American children get ~4 doses of IPV still, despite what you are claiming as "eradication."

Re: My new deadline: 20 years to give away virtually all my wealth

#598
post #596

Earlier quoted context omitted.

Do you have any examples?

No, I don't collect these things, I prefer to spend as little time as possible thinking about Bill Gates. But everything you could possibly want to know is a Google search away.

I tried to find something but couldn't find any evidence that he's received a kickback for any charity

Re: My new deadline: 20 years to give away virtually all my wealth

#599

Gates seems like a real embodiment of "Effective Altruism". 1. Get a bunch of money by any means necessary. 2. Donate/invest in altruistic causes. Unfortunately, most people that use effective altruism to justify themselves hoarding wealth seem to forget the second part.

> by any means necessary. While I agree this is technically accurate, it implies there was something imoral about how he got his money. He created the most popular modern OS and a myriad of other technical innovations. It would be almost impossible to create more positive good in the world through his charitable donations than Microsoft

Gates was so hated during the early growth days of Microsoft, that he literally got pied in the face.

https://www.youtube.com/watch?v=iK6SS8CXYZo

Re: My new deadline: 20 years to give away virtually all my wealth

#600
post #555

Earlier quoted context omitted.

I've always wondered about the Gates and Buffets commitment about giving away their wealth in death. It assumes that the people of the future are more worthy of it than the people of now. Whatever poverty will exist in the future also exists now. I suspect they've thought about this too, hence the acceleration. If anything, addressing the issues now has a chance of reducing the issues in the future. There's always so…

> It assumes that the people of the future are more worthy of it than the people of now I don't think that is the assumption. The assumption is that people will treat them well for planning to give away their money without them needing to live their life without their precious wealth.

This is a weirdly conspiratorial idea to my eyes. Not because people don't have unsavory hidden motivations that they give good excuses for, but because this doesn't really seem to confer any benefit.

The benefit of wealth is your capacity to spend it. If they don't spend it in order to give it away on a future date, they have lived their lives without it.

You can say that they are selfishly maintain optionality while they are alive, but that's a less biting critique, I guess.

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