Sam Altman just vowed to donate most of his wealth through giving pledge
forbes.com.au
forbes.com.au
what the
21st century carpet bagger.
Even the later employees did.
"I can spend it better," is how I've heard this said by a major donor.
Unfortuneately, I don't think he's entirely incorrect =|
> So, the Series B Investors are giving 10% of our shares in this round to the people in the reddit community, and I hope we increase community ownership over time. [1]
How hard is it for the ultra-rich to simply cut a check every year to a charitable organization they didn't invent as a tax vehicle, at a time of incredible suffering globally through conflict or natural disasters?
Medecins Sans Frontieres, World Vision, the Red Cross --- all these orgs engaged in active disaster responses are almost entirely funded by regular people like you and me making a charitable donation.
Why do the rich need this dog and pony show?
Regular Americans on regular salaries manage to scrounge up a few bucks each year to give to food banks, or help provide kids with school supplies, or other forms of mutual aid . They don't have articles written about them.
Because alleviating suffering is not the goal. Reputation laundering, giving friends and family cushy sinecures, optimizing tax liability, and placating the masses and governments are the goals.
Something definitely seems to have changed since those days. Warren Buffett is one of the top 5 most influential men on earth and does nothing besides spout folksy platitudes about how "it's not right" that his secretary pays a bigger percentage of her income on tax than he does. Even Jeff Bezos' divorce was a blessing in some ways as his ex-wife committed billions to charities that Bezos himself would not. The less said about Musk taunting the United Nations Food Programme's ask for $6bn, the better.
My mind went to envisioning SBF passing out little envelopes with IOUs in them to his fellow prisoners.
https://www.inc.com/geoffrey-james/bill-gates-promised-to-gi... "Bill Gates Promised to Give Away His Wealth. Well, That Was BS":
"When he made the pledge in 2010, his net worth was $53 billion. Ten years later, his net worth is $115 billion. Bill Gates is 64 years old, so at this rate, he'll be worth $250 billion or more by the time he's supposed to have given away at least half his wealth.
Same thing with Warren Buffett, only much worse. In 2010, his net worth was $39 billion; today, his net worth is $82 billion. Buffett is 90 years old, so if he's planning on giving away at least half his wealth, he'd damn better well get crackin'!"
people probably care more about how he gets that money, and what he spends his life doing
Fair taxation and properly funded services paid for by directly elected governments, please.
The difference in the number of zeroes at the end of those figures is enormous and not comparable.