“I will give away virtually all my wealth”: The Microsoft billionaire has pledged his foundation will distribute $US200 billion over the next 20 years.
Do you have a comprehensive plan on how to immediately spend 200Bn USD evenly and fairly only to the most impoverished people on earth in such a way that maximises longterm benefit more than spreading it out over 20 years?
Also, if you sell off 200Bn USD worth of stocks in a day then you’re not going to make 200Bn USD off the sales.
Yes, as a UBI. The average person is so poor that “means testing” it is just a waste of time and money. Poverty is very expensive - a high “interest rate” - so $1 donated today will have a drastically higher impact than $1 in 20 years, even adjusting for inflation.
Also, Gates’ wealth is now diversified enough that slippage would be minimal. And doing it suddenly without notice prevents speculators selling ahead of him and then buying back afterwards, which would essentially siphon off the wealth.
A UBI for 340 Million Americans from 200Bn USD comes out to about…
Tap tap tap tap
$588.23 each for exactly once. Saving 0 children across the world from starvation, malaria, or dehydration. You could also try distributing that money directly to poor regions but thats such a terrible idea that its on the same tier as immediately releasing Afghanistans funds to the Taliban.
Dude, even just planning and organizing a UBI takes time and effort.
It would start with a billionaire requesting people’s personal data (because he couldn’t publically admit to having it through dark sources) and who wants to do that?
He also couldn’t afford a UBI in every nation on the planet; right now his help is focused on countries with far worse standards of living than the USA.
you seem to be all over the thread defending gates. Do you really think this is how a good willed person helps people? by preventing vaccine patents, and using impoverished kids for testing.
He’s creating pathway to funnel his money where he wants it, his own family, with least criticism, and defended by short sighted stringent followers like you.
You think preventing vaccine patents was the bad outcome? I don’t even know how to begin with that, I don’t feel any need to defend if that’s your stance.
Do you have a comprehensive plan on how to immediately spend 200Bn USD evenly and fairly only to the most impoverished people on earth in such a way that maximises longterm benefit more than spreading it out over 20 years?
Also, if you sell off 200Bn USD worth of stocks in a day then you’re not going to make 200Bn USD off the sales.
Yes, as a UBI. The average person is so poor that “means testing” it is just a waste of time and money. Poverty is very expensive - a high “interest rate” - so $1 donated today will have a drastically higher impact than $1 in 20 years, even adjusting for inflation.
Also, Gates’ wealth is now diversified enough that slippage would be minimal. And doing it suddenly without notice prevents speculators selling ahead of him and then buying back afterwards, which would essentially siphon off the wealth.
A UBI for 340 Million Americans from 200Bn USD comes out to about…
Tap tap tap tap
$588.23 each for exactly once. Saving 0 children across the world from starvation, malaria, or dehydration. You could also try distributing that money directly to poor regions but thats such a terrible idea that its on the same tier as immediately releasing Afghanistans funds to the Taliban.
Dude, even just planning and organizing a UBI takes time and effort.
It would start with a billionaire requesting people’s personal data (because he couldn’t publically admit to having it through dark sources) and who wants to do that?
He also couldn’t afford a UBI in every nation on the planet; right now his help is focused on countries with far worse standards of living than the USA.
Maybe he could have started by not stealing that money in the first place. We funded that shit with the window tax
you seem to be all over the thread defending gates. Do you really think this is how a good willed person helps people? by preventing vaccine patents, and using impoverished kids for testing.
He’s creating pathway to funnel his money where he wants it, his own family, with least criticism, and defended by short sighted stringent followers like you.
You think preventing vaccine patents was the bad outcome? I don’t even know how to begin with that, I don’t feel any need to defend if that’s your stance.