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I think you may overestimate the impact of philanthropic efforts. Everything he put into philanthropy could have been spent into the economy by other means. S
by logfromblammo 7y ago
I think you may overestimate the impact of philanthropic efforts.
Everything he put into philanthropy could have been spent into the economy by other means. Such as higher employee wages.
I take it as axiomatic that a person with a plethora of money cannot understand the problems of a person with a dearth of money well enough to implement effective solutions.
- shawnz 7y agoAnd I think you're underestimating it. What's your basis for implying that higher wages would always necessarily do more good for the world than philanthropy? > I take it as axiomatic that a person with a plethora of money cannot understand the problems of a person with a dearth of money well enough to implement effective solutions. Maybe. First of all, not everyone who has money now has always had money. Secondly, not every problem in the world requires an understanding of poverty in order to solve it.