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MacKenzie Scott can’t give her wealth away fast enough, for example To be fair, neither can Bill Gates. So it points to something fundamental about the way in
by bilbo0s 4y ago
MacKenzie Scott can’t give her wealth away fast enough, for example
To be fair, neither can Bill Gates.
So it points to something fundamental about the way in which wealth works that these people can't give money away fast enough. Doesn't mean it's a problem though. Having money flowing up to Gates, Bezos, Scott and then having them give it away is probably the best we can do in the current legal and regulatory environment. Because the reality is that any efforts to change how things currently work would meet with too much resistance from others in power.
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- ryandrake 4y agoAnother fundamental that it points to is that we've somehow set up a system where instead of the general public determining (and funding) the public good through democracy, a handful of rich people simply decide what counts as a public good and steer their money toward those causes.
- frumper 4y agoThe US Government funds much more than any handful of rich people, and many times more than all of the charitable giving in the US every year. State and local government spending just piles on to the government spending side of the equation.