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I'm not sure if this post is sarcastic or not, you realise he's giving away something like 99% of his money?

• tensor_rank_0 9y ago
  > giving away to a foundation which he controls. its how the ultra-wealthy preserve their wealth, its pretty standard issue.
  • throwaway1748 9y ago
    That's a ridiculous statement in Gates' case. The Gates Foundation is giving away tons and tons of money at a rapid pace: https://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database https://www.gatesfoundation.org/How-We-Work/Quick-Links/Gran... They're not "preserving" his wealth in any way whatsoever
  • skellera 9y ago
    His foundation does more for the world than most countries. He's going to be dead. What are you trying to get at?
    • tensor_rank_0 9y ago
      people in those countries tend to be highly critical of the actual affect of his interventions. his children are in school, but his friend and fellow-billionaire-advocate-for-higher-taxes-on-billionaires, Warren Buffett, is doing the same thing. his children work for the foundations that will administer his wealth after he dies. its only logical, why would he or anyone else let some random person manage the foundation? you want someone who you can trust. you dont have to consider it a bad thing but please dont think "giving your money to a foundation that you set up" is anything like "giving it away". there are things the ultra-wealthy do in order to save their wealth from estate taxes and setting up a foundation is one of them.
      • profunctor 9y ago
        The foundation must give away all of it's money within 50 years of their death. Sure their kids will have nice jobs but I do see that as altruistic.