One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.
In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that “he died rich” will not be one of them.
There was this article about Bill Gates getting his most career-making deal by (badly) cloning the software of a competitor. A true genius is above the common law of peasants.
This means Bill Gates gets to dictate where society goes instead of society.
Oh, hey, we’re up to the Enlightened Monarchs phase of the Enlightenment of the 18th century.
The fact that he collected billions (worth of cash and financial instruments) in the first place is the problem. He should have been charging consumers less, and paying his workers more. He never should have accumulated his obscene wealth to begin with.
Great; start by paying off all student loans.
He could do that. Easily.
But he won’t.
There’s an estimate floating around that it would cost about $20 billion to end all homelessness in the US. Whether or not that’s an accurate estimate, there is an amount that could do it, and every day that billionaires wake up and choose not to do it they choose evil.
More lies at 11.
He’ll still be a billionaire with the 1 % remaining.
Donate to his own foundation which he controls
Not the full picture: He plans to donate the majority of his wealth to his foundation, and then wind it down in 20 years. source
He’s already been claiming he would for the last 15. It was too little to late back then. He either needs to get busy with it or shut up about it.
At his current 69yrs age, he could get all the busy he wants for his remaining life and still fail to reach the 99% goal. 🙄 🤦♀️ 🤡
but I am determined that “he died rich” will not be one of them.
Bill Gates has a net worth of ~$168 billion. Even if this isn’t just PR intended to launder his image, even if he does in fact give away 99% of that, it will still leave him with $1.68 billion dollars. Even if he ups that to 99.99% that’ll still leave him with $16.8 million, which is still rich by anyone’s measure. Bill Gates’ idea of ‘not dying rich’ is radically different than yours or mine; he was never not going to die rich.
That’s true, but to be fair, if he pulls it off it will be one hell of an example to set.
If your standard for ‘a good example’ is being a bit more creative with his tax-dodging PR stunts than other billionaires, that’s a pretty low bar. A better example to set would be to not exploit people to accumulate wealth in the first place. It takes a whole lot of people like you and me staying poor to make Bill Gates that rich.
A better example to set would be to not exploit people to accumulate wealth in the first place.
I do that everyday. Everyone feel free to thank me.
No one gets thanks for being a decent human being, it’s sort of the standard that everyone is expected to hold to.
I would totally exploit people if I actually got the opportunity to do so, it’s just no one will let me do it.
That’s true. I just appreciate that he seems to do a bit more than Musk to at least keep the appearance of giving back. This still doesn’t get him off the guillotine list.
I don’t appreciate that one oligarch is better at lying to us than another one, that kinda makes it worse in my mind. Instead of telling ourselves comforting stories about how generous these societal leeches are we should be telling ourselves stories about how much better everyone else’s lives could be if they didn’t exist.
People will definitely say that about me when I die too. Thankfully the US healthcare system is pretty damn good at making sure the vast majority of us can say this when we die.
I’ll leave a 20 year old car, and 3 electric guitars to the needy.
Can I have a library named after me?
And he’ll still be a billionaire. And he got that money by suppressing the world with proprietary software. He’s single handedly helped hold humanity back. I don’t care the good he’s done as it’s built on the back of all the harm he’s done.
Beat me to it. Anand Giridharadas has spoken on the general scam of billionaires white-washing their legacies like this… their philanthropy seldom approaches, much less exceeds, the harm they did in getting so rich in the first place.
And somehow, even when proclaiming to give “Most” of their fortunes away, it ends up in a “Charity” or “Philanthropy” they control.
I‘ve said it before and I‘ll say it again: Gates is not a saint, but there is clearly a difference between him and fucks like Thiel, Sacks or the Koch family who would never consider donating any of their money to research ways to eradicate Malaria or fund education programs for women.
I’ll believe it when it happens, until then all I hear are promises that could be broken.
Words alone are meaningless.Way too late to matter you coward
