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I still don't quite see how it's an issue. The money can't not go to a charity, it's just a question of when. Why is the time lag such a cause for concern? S

by dmoy 8y ago

I still don't quite see how it's an issue. The money can't not go to a charity, it's just a question of when. Why is the time lag such a cause for concern? Say I donate money towards an effort that takes 10 years to get tangible results, so what? If there's some shady behavior later to try to illegally claw back charity donations, then sure, that's messed up. But just delaying it N years? So? It still goes to charity at the end. By the same logic, do people get super upset when someone doesn't donate to charity during their life and instead just donated the vast majority of their estate on death? It has nearly the same effect. Maybe people do get upset about that, I dunno.

downandout 8y ago
Why is the time lag such a cause for concern? It's not a cause for concern. It just makes for nice clickbait headlines, and stories full of innuendo with zero proof of actual wrongdoing. In this case, they don't even really make a clear accusation of wrongdoing. This way, they won't get sued over this drivel, but they will get clicks, and those clicks will cause ad impressions.
_jal 8y ago
In public policy, when you insert a time-lag between reward and behavior for which one is rewarded, there is at least cause for concern. See basically every metro-telecom deal ever for evidence. And transparency is vital. Any time there are dark corners, people find a way to fester in them. See every society, ever. Finally, there's really just a degree of gided-age wealth-fatigue. You have to expect it at a certain point - humans are exquisitely attuned to status differences; it is just how they're wired.
- Washuu 8y ago
  If I suddenly had billions in stock laying in my lap I would be wishing to donate a bunch of money to help offset that tax bill. I know what I could do with $10,000,000 right this moment. The remaining $490,000,000 from the example in the article? I do not know yet, but eventually I will find something.
astura 8y ago
It's important to note the money is usually invested and getting dividends and capital gains during the 10 years it sits in the fund. And those capital gains and dividends are required to be dispersed to charity as well.

by dmoy 8y ago

downandout 8y ago

Why is the time lag such a cause for concern? It's not a cause for concern. It just makes for nice clickbait headlines, and stories full of innuendo with zero proof of actual wrongdoing. In this case, they don't even really make a clear accusation of wrongdoing. This way, they won't get sued over this drivel, but they will get clicks, and those clicks will cause ad impressions.

_jal 8y ago

In public policy, when you insert a time-lag between reward and behavior for which one is rewarded, there is at least cause for concern. See basically every metro-telecom deal ever for evidence. And transparency is vital. Any time there are dark corners, people find a way to fester in them. See every society, ever. Finally, there's really just a degree of gided-age wealth-fatigue. You have to expect it at a certain point - humans are exquisitely attuned to status differences; it is just how they're wired.

Washuu 8y ago
If I suddenly had billions in stock laying in my lap I would be wishing to donate a bunch of money to help offset that tax bill. I know what I could do with $10,000,000 right this moment. The remaining $490,000,000 from the example in the article? I do not know yet, but eventually I will find something.

astura 8y ago

It's important to note the money is usually invested and getting dividends and capital gains during the 10 years it sits in the fund. And those capital gains and dividends are required to be dispersed to charity as well.