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The amount of negativity in this thread regarding billionaires and charity is stupefying. There are well established reasons why the distribution of wealth is l
by haltingproblem 6y ago
The amount of negativity in this thread regarding billionaires and charity is stupefying. There are well established reasons why the distribution of wealth is lumpy - the uneven distribution of initial endowments, skills, parenting, luck, education, etc. The work of Pareto and the Ergodicity Economics gives a sound theoretical basis to this realization. There is no middle ground folks - in any incentive driven system you will have a power tailed distribution.
Can we just celebrate Chuck Feeney and his awesomeness?
- divbzero 6y ago“What many don't know is that [Mark Benioff] donation was to complete a match of $125M offered by Chuck Feeney (who does not have his name on a building anywhere on the campus, AFAIK).” “I wonder if I ever will have the strength to do what he has done.” “I’ve long argued for massive estate tax rates on large estates in order to incentivize behavior like this.” “This is a role model I can actually appreciate.“ “I humbly encourage everyone to make giving a larger part of your life.” Those are quotes from the current top 5 comments in this thread — plenty of celebration of Chuck Feeney’s awesomeness.
- haltingproblem 6y agoI saw those but there was the usual jaw-boning if Billionaire philanthrophy is good for our society. I understand the hand-wringing but that is akin to wishing that we were all born equal to perfect families in strife free lands with perfect health care and child care and the rest.......utopia. Edit: See below ;)
- mlthoughts2018 6y agoIt’s ludicrous to suggest celebrating this. It should make you sick and outraged, not be celebrated. Please read my other comment: https://news.ycombinator.com/item?id=24487517 https://news.ycombinator.com/item?id=24487517