▲ 939 ▼ Warren Buffett’s son is on track to donate $1 billion in aid to Ukraine this year—and pledges to continue despite Trump’s shaky relations (fortune.com) submitted 1 year ago by Sine_Fine_Belli@lemmy.world to c/world@lemmy.world 106 comments fedilink hide all child comments
[–] gamer@lemm.ee 48 points 1 year ago (2 children) Compare this one guy's donation to a good cause against all the other billionaires donating money to the Heritage Foundation, MAGA, etc permalink fedilink source parent hideshow 4 child comments replies: [–] IndustryStandard@lemmy.world 18 points 1 year ago* (1 child) Billionaires "donating" to foreign countries sounds like bribes for rare earth minerals. No billionaire is altruistic. Bill Gates is the best example. permalink fedilink source parent hideshow 2 child comments replies: [–] NikkiDimes@lemmy.world 14 points 1 year ago (2 children) An altruistic billionaire is an oxymoron. If they were truly altruistic, they wouldn't be a billionaire. permalink fedilink source parent hideshow 4 child comments replies: [–] tyler@programming.dev 2 points 1 year ago (1 child) this is clearly reductionist. you can inherit that money and then utilize it effectively by donating it without destroying your ability to raise more money for donating. donating all your money means you have no investments to raise more money for donating. governments don't do this, their goal is to spend taxpayer money to make the world a better place, while billionaires can only do the same if they keep an income stream. permalink fedilink source parent hideshow 2 child comments replies: [–] IndustryStandard@lemmy.world 9 points 1 year ago But billionaire kids do not do this. Warren Buffet is still alive too. Another nefarious motive would be tax writeoffs to purchase goods at one of his own companies. Never ever ever ever give a billionaire the benefit of the doubt. Ever. permalink fedilink source parent [–] InternetCitizen2@lemmy.world 2 points 1 year ago The fundamental leap in logic to being a libertarian permalink fedilink source parent [–] pancakes@sh.itjust.works 7 points 1 year ago Not the OC but the problem I have is in just one private citizen's ability to influence so much military power. While historically this isn't new and in this case it does overall good, I think that this kind of thing is a slippery slope that eventually could lead to billionaires funding wars to manipulate market elements for profit. permalink fedilink source parent
[–] IndustryStandard@lemmy.world 18 points 1 year ago* (1 child) Billionaires "donating" to foreign countries sounds like bribes for rare earth minerals. No billionaire is altruistic. Bill Gates is the best example. permalink fedilink source parent hideshow 2 child comments replies: [–] NikkiDimes@lemmy.world 14 points 1 year ago (2 children) An altruistic billionaire is an oxymoron. If they were truly altruistic, they wouldn't be a billionaire. permalink fedilink source parent hideshow 4 child comments replies: [–] tyler@programming.dev 2 points 1 year ago (1 child) this is clearly reductionist. you can inherit that money and then utilize it effectively by donating it without destroying your ability to raise more money for donating. donating all your money means you have no investments to raise more money for donating. governments don't do this, their goal is to spend taxpayer money to make the world a better place, while billionaires can only do the same if they keep an income stream. permalink fedilink source parent hideshow 2 child comments replies: [–] IndustryStandard@lemmy.world 9 points 1 year ago But billionaire kids do not do this. Warren Buffet is still alive too. Another nefarious motive would be tax writeoffs to purchase goods at one of his own companies. Never ever ever ever give a billionaire the benefit of the doubt. Ever. permalink fedilink source parent [–] InternetCitizen2@lemmy.world 2 points 1 year ago The fundamental leap in logic to being a libertarian permalink fedilink source parent
[–] NikkiDimes@lemmy.world 14 points 1 year ago (2 children) An altruistic billionaire is an oxymoron. If they were truly altruistic, they wouldn't be a billionaire. permalink fedilink source parent hideshow 4 child comments replies: [–] tyler@programming.dev 2 points 1 year ago (1 child) this is clearly reductionist. you can inherit that money and then utilize it effectively by donating it without destroying your ability to raise more money for donating. donating all your money means you have no investments to raise more money for donating. governments don't do this, their goal is to spend taxpayer money to make the world a better place, while billionaires can only do the same if they keep an income stream. permalink fedilink source parent hideshow 2 child comments replies: [–] IndustryStandard@lemmy.world 9 points 1 year ago But billionaire kids do not do this. Warren Buffet is still alive too. Another nefarious motive would be tax writeoffs to purchase goods at one of his own companies. Never ever ever ever give a billionaire the benefit of the doubt. Ever. permalink fedilink source parent [–] InternetCitizen2@lemmy.world 2 points 1 year ago The fundamental leap in logic to being a libertarian permalink fedilink source parent
[–] tyler@programming.dev 2 points 1 year ago (1 child) this is clearly reductionist. you can inherit that money and then utilize it effectively by donating it without destroying your ability to raise more money for donating. donating all your money means you have no investments to raise more money for donating. governments don't do this, their goal is to spend taxpayer money to make the world a better place, while billionaires can only do the same if they keep an income stream. permalink fedilink source parent hideshow 2 child comments replies: [–] IndustryStandard@lemmy.world 9 points 1 year ago But billionaire kids do not do this. Warren Buffet is still alive too. Another nefarious motive would be tax writeoffs to purchase goods at one of his own companies. Never ever ever ever give a billionaire the benefit of the doubt. Ever. permalink fedilink source parent
[–] IndustryStandard@lemmy.world 9 points 1 year ago But billionaire kids do not do this. Warren Buffet is still alive too. Another nefarious motive would be tax writeoffs to purchase goods at one of his own companies. Never ever ever ever give a billionaire the benefit of the doubt. Ever. permalink fedilink source parent
[–] InternetCitizen2@lemmy.world 2 points 1 year ago The fundamental leap in logic to being a libertarian permalink fedilink source parent
[–] pancakes@sh.itjust.works 7 points 1 year ago Not the OC but the problem I have is in just one private citizen's ability to influence so much military power. While historically this isn't new and in this case it does overall good, I think that this kind of thing is a slippery slope that eventually could lead to billionaires funding wars to manipulate market elements for profit. permalink fedilink source parent