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Bill Gates to give away $200 billion by 2045, says Musk is 'killing' world's poorest children (www.reuters.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Bollocks. If these rich assholes felt guilty and inclined towards altruism they'd have spent it already instead of "pledging".

"[…] Furthermore, their supposed philanthropy isn't just them giving money away no-questions-asked. More often than not they aim to benefit their coffers and/or virtue signal their “conscience”:

“They are moving away from unfettered, no-strings-attached giving and toward increased donor control over organizations, and are blurring the lines between private investment and public benefit.” —Gilded Giving 2020, by Chuck Collins and Helen Flannery [17].

“Your "Giving Pledge" has a loophole that renders it practically worthless, namely permitting pledgees to simply name charities in their wills. I have found that most billionaires or near billionaires hate giving large sums of money away while alive and instead set up family-controlled foundations to do it for them after death. And these foundations become, more often than not, bureaucracy-ridden sluggards. These rich are delighted to toss off a few million a year in order to remain socially acceptable. But that's it.” —Robert Wilson to Bill Gates, 2010 [18] […]" —What if I paid for all my free software? | arscyni.cc

[–] [email protected] 6 points 3 weeks ago* (last edited 3 weeks ago)

Gates foundation has donated over 100 billion already, 60 billion directly from him
That's a bit more than "tossing a few million a year".