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

gatesnotes.com

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

#621

Post by jpc0 »

bigfatkitten wrote: post #618
calepayson wrote: post #607

Earlier quoted context omitted.

I totally agree in situations where folks have access to an advice nurse. Always prioritize an expert over an llm. Same goes for the others, if you have the means I think you should get a tutor or an editor as well. However, if you’re choosing between nothing and an llm then the llm starts to become a great option. I used to work rescue and if I had caught one of my coworkers asking an llm how to treat a patient I wo…

I'd rather see a Good Samaritan being talked through CPR or whatever by a dispatcher who's trained to give that advice over the phone, rather than having a hallucinating LLM tell them to do something deadly.

I believe the situation here is more a matter of they don’t have a dispatcher to guide them.

In some rural area of Africa they came across a car crash. Two people hop out and assist while a third drives off to notify someone to send emergency help.

An on device LLM might be very useful there depending on what it says…

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

#623

Post by carstenhag »

heresie-dabord wrote: post #554
srvo wrote: 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…

That could help in the long run, but you could also help people not die. Both are good causes and need funding

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

#624

Post by blitzar »

timewizard wrote: post #415
legitster wrote: post #49

It'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…

You could eradicate a disease by killing all the hosts. I worry that the people who want to "eradicate disease" don't actually care about long term outcomes, they just want to have their likeness cast in bronze, with a nice plaque beneath it, lauding their "oversized" achievements in life. Anyways, the type of person who can earn a lot of money in this economy, and the type of person who can best decide how to spend…

> The person who earned the money certainly understand this

Your cynicism is failing you.

The psycopaths that have accumilated all the money in the world are certain that they are the type of person who can best decide everything in the world on any topic, especially when it comes to people poorer than them - which is of course everyone.

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

#625

Post by blitzar »

RataNova wrote: post #46
jarbus wrote: post #16

Say what you want, but I respect this a lot. Sure as hell beats giving it all to your kids.

You don't have to love Gates or everything the foundation does to recognize that putting billions toward global health and poverty is way better than setting up a dynasty or letting it sit in investments

> letting it sit in investments

I havent looked, and frankly can't be bothered [0], but I expect that even after giving away an unfathomable amount of money, the foundation and gates are probably richer (dollar net worth) than they have ever been.

It has been sat in investments, they have been giving it away, but they can't keep up with it.

[0] Turns out I could be - https://www.bloomberg.com/billionaires/profiles/william-h-ga...

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

#626

Post by s1mplicissimus »

throwawaymaths wrote: post #482
lillecarl wrote: post #447

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.

Well they do both have monarchs! Though the royal palace in Oslo is a public park. As I was strolling the park, to my surprise I attended a quick fanfare as the king left his palace and his driver (I presume) almost ran over a dumb kid that darted in front of the royal sedan. then at the end of the royal avenue, at the foot of the most glorious mathematician sculpture, the royal sedan turned a corner directly into ru…

What a lovely anecdote, I've been to the royal park in Oslo once and it's gorgeous! As an Austrian, I personally prefer to look at my royals in the catacombs of St. Stephens Cathedral though ;)

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

#627

Post by rvnx »

guywithahat wrote: post #406
rvnx wrote: post #381

It could have an unintended effect. Injecting this money may create inflation and accidentally increase poverty as more money becomes freely available and circulating. Could be in some way better to just destroy it ?

While I agree giving away money can have negative secondary effects, destroying the money makes no sense and is positively moronic. He should just give it to his kids if he doesn't know what to do with it.

It’s like during the coronavirus, more money was given to people without related increase in real-world generated value: result, prices increase and people who had savings can now do less with them.

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

#628

Post by bigfatkitten »

jpc0 wrote: post #621
bigfatkitten wrote: post #618

Earlier quoted context omitted.

I'd rather see a Good Samaritan being talked through CPR or whatever by a dispatcher who's trained to give that advice over the phone, rather than having a hallucinating LLM tell them to do something deadly.

I believe the situation here is more a matter of they don’t have a dispatcher to guide them. In some rural area of Africa they came across a car crash. Two people hop out and assist while a third drives off to notify someone to send emergency help. An on device LLM might be very useful there depending on what it says…

If the LLM tells the untrained passer-by to do a tracheotomy, it's not going to go well.

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

#629

Post by jollofricepeas »

legitster wrote: post #49

It'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…

I’m not sure it matters.

Many will say Bill is attempting to reshape his legacy and narrative post-Epstein.

The most important thing is that money is being returned to society on an accelerated timeline.

Without this redistribution of wealth from billionaires back to especially the middle and lower classes we are headed for violent revolution on a massive scale.

Hopefully other billionaires redistribute during their lifetimes to address housing, education and health issues as well.

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

#630

Post by lm28469 »

Pffff, preventing disease and helping people get out of poverty are such bad goals, what about AGI ??? What about sending Katy Perry to Mars ??? Self driving cars ??? The metaverse ???

Are Musk, Bezos and Zuck the only one brave enough to work on REAL and HARD problems ? /s

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