> 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…
> will be given to your family once you die, sounds a bit macabre. To me it sounds more than a bit macabre - depending on the familial relations, it would seem like a motive for them to commit suicide in order to provide for their children or for their children to murder them. I can already imagine the memoires being adapted into Netflix shows.
Many companies provide a life insurance benefit equal to 50%-150% of annual salary.
If your sport has any mortality or long term risk (concussions, cardiac events) then this could be seen as a nice extra insurance policy.
$200k is not even remotely close to generational wealth, particularly when structured as $100k 20 years from now and another $100k 50-ish years from now. Those would be worth an estimated $55k and $22k in inflation-adjusted dollars. It’s a totally different story if those are in a trust which is invested on behalf of the athletes, which pays out the invested value at time of disbursement. But I would be shocked if it…
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.)
Given how old most Olympic athletes are when they debut I'm sure that could be helpful if they don't incur any living expenses for another 2-3 decades afterwards
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.
And now that they're getting $100k in a few decades they still will
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.
There's a lot of non-obvious information or hidden information out there if you have no context. I mean, at the very least I can tell that there are a lot of wealthy and powerful people in western society that are invested in maintaining the innocence and primacy of Israel.
“It is difficult to get a man to understand something, when his salary depends upon his not understanding it.” -- Upton Sinclair.
Where salary in that quote could be metaphorical, given there's other reasons like identity, beliefs, or politics.
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.
Don't think anyone in the "global South", which have suffered from Western "civilizing missions" are surprised by this.
It's kind of funny to see "anti-interventions" podcasters go full empire mode and justify literally colonization today.
Hardly surprising, since most of these white nationalists love the British Empire's "oeuvre" in non-White countries (but somehow ignore the fact that their own country fought against its tyrannical rule).
> “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…
If this individual pulled funding because of a political perspective, is it possible that these recipients lose their future funding if they speak about an issue or act in a particular way?
What people feel about things is almost an entirely a function of their information environment, rather than the facts of the events themselves. Almost nobody truly aware of the number of slaughtered and starved Palestinian children would be "okay" with it; the people defending it are more-or-less viewing these events in terms so different from that that those basic facts cannot reach their understanding at all.
> Almost nobody truly aware of the number of slaughtered and starved Palestinian children would be "okay" with it A lot of people aren’t okay with it but also choose not to engage on it.
If I ignore it, it is as if it never happened. Part of it is willful ignorance though. For Ross, he is deeply religious and views the security of Israel as that of the Jewish people (having a home to run away to if shit hits the fan). Children dying is a sacrifice he is willing to make. For the majority of America though, I believe they are a) either scared, because they saw a witch hunt orchestrated by people in power (like Ackman). If 3 female deans, many of them minorities, can get ousted at the whim of a billionaire, then the typical engineer or employee will be easily labeled antisemitic for defending those who are denied their rights to life and property, and will lose their job. Canary Mission and other groups are funded by successful billionaires like Ackman, Adelsons etc and harass students on campuses for protesting. They doxx them, blacklist them (no boss will hire someone on those letters, at the expense of being labeled an antisemite, and you are in it for a suprise once you notice how many of our tech companies and finance sectors are run by religious sociopaths). I know a few victims of those efforts. Interestingly, 90% of them are white middle class, and I think they are mostly women. Their courage is to be admired. Or b) people are okay with it, because Ghaza is so far away and because of Israel's blockade on the media covering ghaza (Israel has already killed more journalists last year than all other nations combined btw. I do not know of any democracy that does this).
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.
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.