I don’t trust any of these “giving pledges” upon death. In name, their fortunes will pass on to nonprofits. Nonprofits controlled by their family members, which comes down to letting them keep their inheritances tax-free. This even happens in Europe.
Yup it’s mostly bullshit. Someone, somewhere might benefit, but certainly not any of the people within two thousands miles of where the rich guy lived. Which is still better than nothing, but Bill Gates could end homelessness in America immediately if he chose to do so. (I’m not saying it would be easy or fast, just that he has the money to make it happen.) He could make ALL COLLEGE FREE for students. Musk could have too, likely for less than he spent on Twitter.
I don’t trust any of these “giving pledges” upon death. In name, their fortunes will pass on to nonprofits. Nonprofits controlled by their family members, which comes down to letting them keep their inheritances tax-free. This even happens in Europe.
Yup it’s mostly bullshit. Someone, somewhere might benefit, but certainly not any of the people within two thousands miles of where the rich guy lived. Which is still better than nothing, but Bill Gates could end homelessness in America immediately if he chose to do so. (I’m not saying it would be easy or fast, just that he has the money to make it happen.) He could make ALL COLLEGE FREE for students. Musk could have too, likely for less than he spent on Twitter.
Yep. Look at Patagonia.
https://www.youtube.com/watch?v=0Cu6EbELZ6I