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So in the same way that Bill Gates donates to his own foundation? https://www.cnbc.com/2022/07/13/bill-gates-donates-20-billion-to-bill-and-melinda-gates-found

So in the same way that Bill Gates donates to his own foundation? https://www.cnbc.com/2022/07/13/bill-gates-donates-20-billion-to-bill-and-melinda-gates-foundation.html https://www.cnbc.com/2022/07/13/bill-gates-donates-20-billio...

misiti3780 4y ago
and Zuckerberg, and everyone else with a shitload of money
- snowwrestler 4y ago
  Zuckerberg did not set up a charity, in part to preserve its freedom to spend however it wants. The Chan Zuckerberg Initiative is an LLC.
kgwxd 4y ago
Minus the press release.
- DaniloDias 4y ago
- IncRnd 4y ago
  Here is Bill Gate's Press Release for 2022. "With the support and guidance of our board, we plan to increase our spending from nearly $6 billion per year today to $9 billion per year by 2026. To help make this spending increase possible, I am transferring $20 billion to the foundation’s endowment this month." Jul 13, 2022 [1] [1] https://twitter.com/BillGates/status/1547235386560155648 https://twitter.com/BillGates/status/1547235386560155648
  - kgwxd 4y ago
    Yes, OP link was a press release by Gates too. I meant Musk didn't do a press release.
    - IncRnd 4y ago
      Ah. Thanks for the explanation.
- 300bps 4y ago
  Since DaniloDias is shadowbanned and he worded his response in a suboptimal way, I thought I'd paraphrase his response: Gates and Zuckerberg publish plenty of press releases about their charitable giving: https://countercurrents.org/2020/09/zuckerberg-wants-to-change-the-world-with-his-philanthropy/ https://countercurrents.org/2020/09/zuckerberg-wants-to-chan... https://www.gatesfoundation.org/ideas/media-center/press-releases/2022/11/gates-foundation-commits-7-billion-to-african-countries https://www.gatesfoundation.org/ideas/media-center/press-rel...
unsupp0rted 4y ago
Bill Gates is on the good guys team now, since he's not actively and aggressively running a company. Musk is still a bad guy. You'd have to wait at least a decade or two for Musk to get old enough to stop being interested in actively running one or more companies and thus be on the good guys team.
rvz 4y ago
Yes. Billionaires do this all the time and many of the Musk rent-free brigade on HN are realising and admitting that this isn't the 'gotcha' many of them had hoped for.
- djmips 4y ago
  All the other billionaires doing this are also looked on with cynicism.
- trs8080 4y ago
  You realize that those of us who aren't Musk fans also dislike other billionaires, right? This is a class issue, not a personal one.
rocket_surgeron 4y ago
No, not at all in the same way. The Bill and Melinda Gates Foundation actually spends its money on charitable programs. https://projects.propublica.org/nonprofits/organizations/562618866/202033179349101943/full https://projects.propublica.org/nonprofits/organizations/562... The Musk Foundation spends very little (~2%) of its assets on charity. https://projects.propublica.org/nonprofits/organizations/770587507/202131349349103303/full https://projects.propublica.org/nonprofits/organizations/770... Musk's "charity" is a tax-dodge coupled with an influence and access-buying scheme.

misiti3780 4y ago

and Zuckerberg, and everyone else with a shitload of money

snowwrestler 4y ago
Zuckerberg did not set up a charity, in part to preserve its freedom to spend however it wants. The Chan Zuckerberg Initiative is an LLC.

kgwxd 4y ago

Minus the press release.

DaniloDias 4y ago
IncRnd 4y ago
Here is Bill Gate's Press Release for 2022. "With the support and guidance of our board, we plan to increase our spending from nearly $6 billion per year today to $9 billion per year by 2026. To help make this spending increase possible, I am transferring $20 billion to the foundation’s endowment this month." Jul 13, 2022 [1] [1] https://twitter.com/BillGates/status/1547235386560155648 https://twitter.com/BillGates/status/1547235386560155648
- kgwxd 4y ago
  Yes, OP link was a press release by Gates too. I meant Musk didn't do a press release.
  - IncRnd 4y ago
    Ah. Thanks for the explanation.
300bps 4y ago
Since DaniloDias is shadowbanned and he worded his response in a suboptimal way, I thought I'd paraphrase his response: Gates and Zuckerberg publish plenty of press releases about their charitable giving: https://countercurrents.org/2020/09/zuckerberg-wants-to-change-the-world-with-his-philanthropy/ https://countercurrents.org/2020/09/zuckerberg-wants-to-chan... https://www.gatesfoundation.org/ideas/media-center/press-releases/2022/11/gates-foundation-commits-7-billion-to-african-countries https://www.gatesfoundation.org/ideas/media-center/press-rel...

unsupp0rted 4y ago

Bill Gates is on the good guys team now, since he's not actively and aggressively running a company. Musk is still a bad guy. You'd have to wait at least a decade or two for Musk to get old enough to stop being interested in actively running one or more companies and thus be on the good guys team.

rvz 4y ago

Yes. Billionaires do this all the time and many of the Musk rent-free brigade on HN are realising and admitting that this isn't the 'gotcha' many of them had hoped for.

djmips 4y ago
All the other billionaires doing this are also looked on with cynicism.
trs8080 4y ago
You realize that those of us who aren't Musk fans also dislike other billionaires, right? This is a class issue, not a personal one.

rocket_surgeron 4y ago

No, not at all in the same way. The Bill and Melinda Gates Foundation actually spends its money on charitable programs. https://projects.propublica.org/nonprofits/organizations/562618866/202033179349101943/full https://projects.propublica.org/nonprofits/organizations/562... The Musk Foundation spends very little (~2%) of its assets on charity. https://projects.propublica.org/nonprofits/organizations/770587507/202131349349103303/full https://projects.propublica.org/nonprofits/organizations/770... Musk's "charity" is a tax-dodge coupled with an influence and access-buying scheme.