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Hmm I think it's probably better to get the lump sum and operate off interest. Even 1% of $50 billion yearly is $500 million. I think the foundation could man
by xienze 9y ago
Hmm I think it's probably better to get the lump sum and operate off interest. Even 1% of $50 billion yearly is $500 million. I think the foundation could manage to exist off that.
- Namrog84 9y agoThat requires self control and discipline. Many people don't have a great mastery of it.
- xienze 9y agoWhy would you give your money to a group where you have concerns about their ability to manage the money?
- bluGill 9y agoThere are several problems with that. The problem might be solved - what should a charity dedicated to smallpoxs do with their 50 billion? A good charity today might not be good tomorrow. Today they pay their officers a reasonable sum and the rest goes to scientists who get a reasonable sum. Next year they fire all scientists but one (the officers brother-in-law), and give everyone a massive raise. Science still gets done - just enough to stay legal.