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I won't address your other points since that's not what HN is about, but the person you responded to didn't say tithing. He said amassing money. 100 billion is
by fiblye 7y ago
I won't address your other points since that's not what HN is about, but the person you responded to didn't say tithing. He said amassing money. 100 billion is an absolutely massive amount of cash to keep on hand for any purpose, and I imagine a good number of people think the money would mostly be going towards charitable causes or something of the sort. Tithing doesn't necessarily entail stockpiles that can buy out entire countries.
- seanmcdirmid 7y agoI thought it was $100B in assets and investments, not cash on hand. Did I understand wrong?
- lvh 7y agoYou're right, but that doesn't seem to be GP's core point.
- seanmcdirmid 7y agoOne is a lot more defensible than the other. Having $100B cash on hand would just be stupid. Having invested $100B could be seen as more like an endowment if they produce income.