4 ms·
But it's not equivalent, because there's this thing about wealth: Scenario A: Let's say he donates all he's worth today, minus what he needs to live out his da
by peller 10y ago
But it's not equivalent, because there's this thing about wealth:
Scenario A: Let's say he donates all he's worth today, minus what he needs to live out his days and provide for his family. Call it $80B. Awesome. Potential downsides: giant influx of cash invites corruption/skimming etc, and it also doesn't promote self-sustainability (from the recipients' cash flow perspective).
Scenario B: He leaves the bulk of his money invested, accruing 5% annually. (But since Ray Dalio is mentioned as a partner, it might be closer to 10% or 15%) That's at least $3.5B annually (after 15% capital gains tax). He's 61 years old; call it 25 years of life left. So now we're at 3.5B * 25y = 87.5B. As a very conservative estimate (5%, no compound interest). AND, he's still got his original $80B investment "in the bank."
The choice is obvious.