I have a benefit of the doubt thing here, not that any billionaire I’ve heard of deserves it. If I suddenly had a billion dollars, would I donate to an existing charity with an administration I don’t know and trust or would I think “hmm I can better choose what happens with this money” and start my own charitable enterprise? Like a bill/Miranda Gates situation.
I know if I had a billion dollars worth of shares of a company I wouldn’t necessarily liquidate it all for philanthropy either. Do I hold onto control of these stocks while attempting to guide the company in a more ethical way? Idk. It’s an interesting thought
It’s not possible. They’ve Hoover’d up money and direct where it’s used.
At any point they could give emough back to the people to become less then billionaires. But they don’t.
You might have 100k, invest, make it 1m in 10 year you’d have more to give back than 100k + 10yrs interest
I have a benefit of the doubt thing here, not that any billionaire I’ve heard of deserves it. If I suddenly had a billion dollars, would I donate to an existing charity with an administration I don’t know and trust or would I think “hmm I can better choose what happens with this money” and start my own charitable enterprise? Like a bill/Miranda Gates situation.
I know if I had a billion dollars worth of shares of a company I wouldn’t necessarily liquidate it all for philanthropy either. Do I hold onto control of these stocks while attempting to guide the company in a more ethical way? Idk. It’s an interesting thought