People have a hard time conceptualizing really big numbers, and a billion is a really big number. If you put $1B into a fixed rate investment earning 5% annually, you'd be getting $50M a year just from that. Most investments in the market do much better than that. So if she kept just (just!) $10B of what she got, she could easily be getting back well over $500M without doing anything at all. Every year, forever. If she doesn't spend or give away that much, then what she gets back grows.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
And Jeff has given away $0. That guy is truly the scum of the earth.
Such a small fraction of their net worth would change my life that it’s equivalent to pennies you might find in your sofa. Like not even millions or hundreds of thousands, but a thousand. A thousand would be life changing to me right now, and that’s .0001 of their worth.
Nobody should have that kind of money. Slay the dragons.
MacKenzie Scott actually helped found Amazon, she married Bezos before Amazon even existed and literally worked on it with him from the very beginning. The whole idea that she married into wealth or "got it from the divorce" reeks of sexism.
She's also rapidly giving away her money with no strings attached, and she's supporting underserved communities all over the US. The HBCU in my city got a massive grant from her that's totally transformed what it will be capable of, for example. I just don't get why you're choosing this person to rag on out of all the truly vile billionaires out there
And she’s actively trying to give it all away and she’s doing it faster than other “philanthropists.” She didn’t start a foundation which will hoard most of it and give a tiny (legal minimum) away each year but is instead makimg direct gifts. She also isn’t giving small gifts to small organizations to help them grow, she’s making big gifts to big orgs that can handle the money.
And despite all of this is continues to grow too rapidly.
she also refused to be named on any buildings after her, its only way to know you are genuine. unlike zuckerberg who donated to SFGH, TO name it after himself.
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