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Lots of people found charities or start businesses once they've created a wealth base. If this person makes millions in finance, he/she just might found a lab
by tcbawo 8y ago
Lots of people found charities or start businesses once they've created a wealth base. If this person makes millions in finance, he/she just might found a lab or create a medical lense startup in the future. It might eventually be more effective than begging for government grants.
- ArchBang 8y agoPerhaps, though that starts a long line of big ifs, and the wealth to solve a great deal of the world's problems already exists - a vast chunk of it just spins in various shadowy games. I tend to think there are better ways for bettering society than philanthropy though, and these vary wildly in effectiveness. In this case the millionaires in this fund focused primarily on some cancer charities. I understand that these tend to resonate emotionally since everyone is at risk, but really they are quite suboptimal ways of channeling funding relative to the needs of the world or maximising ethical return on investment.