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by curun1r
3380 days ago
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> And Rockefeller may only be eclipsed by Bill Gates as the greatest philanthropist ever. This statement reeks of hero worship and seems myopic to me. For one, both of these billionaires became rich through what most view as morally dubious monopolistic practices that had a high degree of collateral damage. The amount that both men are giving back/gave is/was a percentage of what they took. And when that percentage is under 100%, they're taking more than they're giving. That is assuming a zero-sum game, which isn't always true. When someone creates new value, either by invention or work, they can take wealth out of the system and still leave the rest of the system in a net positive state. But I'm strongly of the opinion that both Gates and Rockefeller left the system in a significantly net-negative state, even with all their philanthropy. There's a reason the cohort that Rockefeller was a part of wasn't termed "Donor Barons" despite the legacy of significant charitable contributions from that massive wealth. I don't think it's out of line to include Gates in that group since the tactics he used to achieve his wealth are very similar. This, to me, puts both of them significantly behind average people who create more value than they take and donate small sums to charity. The man who gives his one and only dollar to charity is far more philanthropic than the man who gives $99b of his $100b. The people who devote their lives to helping others are the ones we should respect, not the people giving billions while still holding billions in reserve for themselves. |
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You say that a person who gives 100% of his wealth to charity is bigger than one who gives 99%. The amount matters, not percentage. If Bill Gates had your mentality, then at which point do you think he should've given away 100% of his wealth? When he made $100 million or when he made $1 billion? Be reminded, if he had given up 100% of his wealth at those figures, he would never have had any significant money left to increase his wealth, so all those charities and research efforts of his that have received $30 billion+ of his wealth so far wouldn't have existed (the figure was $28 billion in 2013, don't know what it is now).
Bill Gates knows the value of creating value. He knows its better to teach fishing than to give fish. He invests money in research instead of just giving it away blindly because he knows that the outcome of that research will save/improve more lives than giving that money away directly. Again, he also knows that giving away all the money now isn't a better idea since as science progresses, better research will come along that'll need his funding, so he's keeping enough wealth to support those venture if and when they come along. If they don't come along during his lifetime, all of his wealth will anyway go to charity after his death (except $30 million for his children).
His business practices were cutthroat, but that was back when he was younger and not an active philanthropist. As a philanthropist, I think he's the greatest person of all time. Numbers matter, his billions have done more for mankind than misinformed people like you will ever care to admit. So go do some research before you bad mouth him ever again.