3 ms·
So what? Gates said he will donate before he dies, not immediately.
by whatwherewhy 4y ago
So what? Gates said he will donate before he dies, not immediately.
- germinalphrase 4y agoI think the Gates Foundation does good work, but the cynical "so what?" is that creating a structure like this to "give away most of his $124bn (£107bn) fortune during his lifetime" (RE the linked article about Bezos) is a ruse to maintain control over the money without paying taxes - while also producing some good PR. If they truly wanted to just give it away, Chuck Feeney offer a straight forward model for doing so. You just do it. If "giving it away" merely means putting it into a foundation you control, many people would feel that little has, in fact, been given away.
- whatwherewhy 4y agoI fully believe they're doing it to retain control of their money, and I don't mind, Bill Gates is a master handler of money - in fact I find the system that led to people like Bill Gates working on things that are good for the general humanity to be genius. It's not like he's going to embezzle the money out of his foundation to buy another villa. Bill Gates doesn't fucking care about a hundreth villa. He's really working on the projects, and he's deploying the money in a way that promises results - that's exactly what I want to happen. I am happy. And the PR? Let the guy have his fame, he's really worked for it.