3 ms·
philanthropy is just a symptom of policy failure. it's less wasteful than luxury possessions, but those efforts eat up a lot of capital costs just through staff
by notfromhere 8y ago
philanthropy is just a symptom of policy failure. it's less wasteful than luxury possessions, but those efforts eat up a lot of capital costs just through staffing, etc
- ehnto 8y agoBoth yachts and philanthropy have most of their money go to staffing costs, and at the level of wealth yacht buying happens at I assume people are spending based solely on their virtues. The real question though, is why not both? Most people buying super yachts could probably afford to set up a philanthropic fund of some kind.
- moonlighter 8y agoLike Paul Allen did: https://www.superyachtfan.com/superyacht_octopus.html https://www.superyachtfan.com/superyacht_octopus.html https://www.philanthropy.com/article/Paul-Allen-s-2-Billion-in/244805 https://www.philanthropy.com/article/Paul-Allen-s-2-Billion-...
- code_duck 8y agoI interpret that as ‘people may as well spend money on wholly useless frivolities because charity is not 100% efficient’. I disagree with that.
- notfromhere 8y agono, it's because charity is capricious and people shouldn't have to depend on one person's whim to fund causes.