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Nothing wrong with supporting space travel if that's what you're passionate about. Better that than not giving away a penny until you're 75, and then handing i
by charlesdm 8y ago
Nothing wrong with supporting space travel if that's what you're passionate about.
Better that than not giving away a penny until you're 75, and then handing it all off to Gates when you're eventually dead.
If you have to wait to help people out with your money until you're dead, you're doing something fundamentally wrong in my view. Why not try and make a meaningful social impact during your lifetime? But hey, to each their own.
- MarkMc 8y ago> Better that than not giving away a penny until you're 75, and then handing it all off to Gates when you're eventually dead. Doesn't that depends on your rate of return? Imagine two options: (a) give away $1 million now; (b) invest the money and wait until you are 75, then give away $1 billion. Is option (a) necessarily better?
- swalsh 8y agoTo be fair, Gates is applying economies of scale to donations. He is using theanthropy at industrial scales to solve HUGE problems. They have goals like eliminating WHOLE diseases from parts of the world... and it seems like they're getting results. If you have a large fortune, you could build the organization to try and invest it for benefits. Many do, and if you have a rare cause... there's good value in it. But the alternative is you could give it to gates, and be pretty well assured it will be leveraged for amazing results.