4 ms·
My understanding is that represents only a tiny fraction of their wealth. As I understand it, the idea is that it would be better if the billionaire's other fri
by harimau777 1mo ago
My understanding is that represents only a tiny fraction of their wealth. As I understand it, the idea is that it would be better if the billionaire's other frivolous spending was on something that would endure for future generations. (Setting aside the religious question of weather cathedrals are frivolous.)
- ajmurmann 1mo agoDid prior generations of billionaires spend a higher percentage of their wealth on charity? I also genuinely wonder how the ratio of "paper wealth" has changed. How much money would Elon or Jeff have of they actually sold their shares in their companies? How does that compare to John D Rockefeller or the Getties? I also wonder when those created their charities.
- dgellow 1mo agoWho cares about the past. They should be building public infrastructure and do some things the rest of society enjoys instead of buying castles and islands surrounded by fences they visit once every 2 years