It could be spent recklessly, sure, but spending it for charity in a way that makes an impact takes a lot of work. Without any thought or care, someone could unload $100b and not make any positive impact at all. You could say you’d give it all to poor people, give 20,000 people $5m each, set them up for life and put them in a financial position to help even more people. But then you run into the lotto winner statistics, where over the course of 5 years most people end up broke or in debt, even worse off than when they started. Then the money is gone with nothing to show for it, but a bunch of people who’s lives were fucked up.
He’d be significantly more rich had he not been giving it away.
His charity is also setup to be dissolved sometime after his death (20 years I think), with the idea that it’s up to the next generation to do stuff.
Billionaires calling themselves “philantropist” is the biggest lie. And people are dumb enough to gobble up that bullshit up face first. You do not become a billionaire by wasting even a single synapse on thinking about other people. You do not stay a billionaire just the same. “Philantropy” and “billionaire” are mutually exclusive. By definition the same person can not be both. Warren Buffet is just as evil as Musk, he’s just better at PR and gaslighting idiots.
“anyone” hahaha.
Not that she has any personal experience to draw from.
Alternative spin: “my daughter thinks Warren Buffet is evil just because I’m a piece of shit”
Well, buffet and elon musk are totally different.
I would never categorize musk as an “philanthropist”.
Most philanthropy is either publicity or a way to make more through tax loopholes.
Bill Gates was richer after founding the Gates Foundation than before :)
Its true but that is unrelated. Its because his money makes so much money while time passes he cannot literally spend it all:
Challenged accepted! I just need him to give me access to his accounts and I’ll put that to the test.
It could be spent recklessly, sure, but spending it for charity in a way that makes an impact takes a lot of work. Without any thought or care, someone could unload $100b and not make any positive impact at all. You could say you’d give it all to poor people, give 20,000 people $5m each, set them up for life and put them in a financial position to help even more people. But then you run into the lotto winner statistics, where over the course of 5 years most people end up broke or in debt, even worse off than when they started. Then the money is gone with nothing to show for it, but a bunch of people who’s lives were fucked up.
He’d be significantly more rich had he not been giving it away.
His charity is also setup to be dissolved sometime after his death (20 years I think), with the idea that it’s up to the next generation to do stuff.
Billionaires calling themselves “philantropist” is the biggest lie. And people are dumb enough to gobble up that bullshit up face first. You do not become a billionaire by wasting even a single synapse on thinking about other people. You do not stay a billionaire just the same. “Philantropy” and “billionaire” are mutually exclusive. By definition the same person can not be both. Warren Buffet is just as evil as Musk, he’s just better at PR and gaslighting idiots.
Agreed,
Thats why i used “”, to speak about philantropy.
Musk doesnt even try to greenwash his public apparences,
I bet Buffet even pays the taxes he’s supposed to.
deleted by creator