I literally explained why it is set up like that. Except for the part where they use money of the foundation to make more money for the foundation.
Gates is in full control of what he “gives” away.
And rightfully so. The foundation is always looking for organizations to give grants to. You can’t just give it all away randomly. To give away so much money you need to put it somewhere where it can be distributed fairly. Which is exactly what the foundation is doing.
The only real argument you can have against Gates is whether or not he should be giving even more. But that is not the best argument because he still is giving away much more than people more wealthy as him.
x00z@lemmy.world 21 hours ago
I literally explained why it is set up like that. Except for the part where they use money of the foundation to make more money for the foundation.
And rightfully so. The foundation is always looking for organizations to give grants to. You can’t just give it all away randomly. To give away so much money you need to put it somewhere where it can be distributed fairly. Which is exactly what the foundation is doing.
The only real argument you can have against Gates is whether or not he should be giving even more. But that is not the best argument because he still is giving away much more than people more wealthy as him.
Knock_Knock_Lemmy_In@lemmy.world 20 hours ago
thenation.com/…/how-gates-foundations-investments…
Examples of irresponsible investing include some of the world’s worst polluters, including ConocoPhillips, Dow Chemical and Tyco International; predatory lending companies such as Sallie Mae; fraudulent health care firms; and chocolate companies profiting from the slave labor of children.
International Assessment of Agricultural Knowledge, Science and Technology for Development (IAASTD) conclusions were diametrically opposed, at both philosophical and practical levels, to those espoused by Gates.
His personal investments benefited from foundation grants in Agbiome, Incarta therapeutics and Just Biotherapeutics
Not surprising given that Cascade Investments controls both the foundation and Bill’s personal portfolio.
x00z@lemmy.world 19 hours ago
Yeah i find the investment part of the foundation to be quite horrible. It heavily goes against what the foundation is giving grants to.
Knock_Knock_Lemmy_In@lemmy.world 19 hours ago
I will also soften my position.
I’m much happier with the way Gates uses his billions than other deathly individuals.
My point is that the phrase “giving it away” is highly misleading.