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Bill Gates to give away 99% of his wealth in the next 20 years

Technology
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  • People should just call his bluff and ask if he would support a big estate tax.

    He literally has the financial resources to lobby congress to make it happen.

    I honestly don’t understand why self made billionaires wouldn’t do that, it’s not like their kids are gonna be poor, they will still be rich, just not oligarchs level (which they probably would suck at anyway given how they don’t have proper experience).

    This is a good comeback. Take that wealth and start lobbying to start fixing shit

    He could start up a whole ass organization with departments to fight for education, health care, income equality, homelessness and more.

    He could resolve homelessness single handedly by funding homes, but what we need is to fix the machine.

    I seriously think we need to focus in fixing education and news/social media regulations to increase critical thinking in the masses and stop the suppression of "woke media"

    They're making everyone dumber and brainwashing the masses. How we got our current leader.

    Social media platforms are how many Americans get thier information and news. Purposefully spreading misinformation and suppressing non offensive political views should be a massive fine by the FCC.

  • This is a good comeback. Take that wealth and start lobbying to start fixing shit

    He could start up a whole ass organization with departments to fight for education, health care, income equality, homelessness and more.

    He could resolve homelessness single handedly by funding homes, but what we need is to fix the machine.

    I seriously think we need to focus in fixing education and news/social media regulations to increase critical thinking in the masses and stop the suppression of "woke media"

    They're making everyone dumber and brainwashing the masses. How we got our current leader.

    Social media platforms are how many Americans get thier information and news. Purposefully spreading misinformation and suppressing non offensive political views should be a massive fine by the FCC.

    Why would he do that? He's so rich, he can never go broke.

    All his "Foundation" bullshit is PR, after he realized everyone hated him before Bush Jr. made all his troubles go away. I wonder how much that "Donation" was?

    There is no such thing as a good billionaire.

  • One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

    In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them.

    but I am determined that “he died rich” will not be one of them.

    Bill Gates has a net worth of ~$168 billion. Even if this isn't just PR intended to launder his image, even if he does in fact give away 99% of that, it will still leave him with $1.68 billion dollars. Even if he ups that to 99.99% that'll still leave him with $16.8 million, which is still rich by anyone's measure. Bill Gates' idea of 'not dying rich' is radically different than yours or mine; he was never not going to die rich.

  • but I am determined that “he died rich” will not be one of them.

    Bill Gates has a net worth of ~$168 billion. Even if this isn't just PR intended to launder his image, even if he does in fact give away 99% of that, it will still leave him with $1.68 billion dollars. Even if he ups that to 99.99% that'll still leave him with $16.8 million, which is still rich by anyone's measure. Bill Gates' idea of 'not dying rich' is radically different than yours or mine; he was never not going to die rich.

    That’s true, but to be fair, if he pulls it off it will be one hell of an example to set.

  • That’s true, but to be fair, if he pulls it off it will be one hell of an example to set.

    If your standard for 'a good example' is being a bit more creative with his tax-dodging PR stunts than other billionaires, that's a pretty low bar. A better example to set would be to not exploit people to accumulate wealth in the first place. It takes a whole lot of people like you and me staying poor to make Bill Gates that rich.

  • One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

    In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them.

    I'll believe it when it happens, until then all I hear are promises that could be broken.
    Words alone are meaningless.

  • One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

    In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them.

    How nice, live as the 0.0000001% that owns the world and make up most of the big evils in the world from the age of 34 to the age of 70 and then from 70 to 90 transition to the top 0.0001% and "not die rich"

    A real sacrifice, what a philanthropist, brave.

    I'm just here being a top 25% fully aware of my privilege for being born in a rich country and working in a well paying job, and I still donate more then him in terms of percentage of my net worth. (Bill gates donates about 0.8-1.6% of his net worth annually, I donate about 5-10% annually) and I truly believe that no one should be a billionaire.

  • One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

    In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them.

    I‘ve said it before and I‘ll say it again: Gates is not a saint, but there is clearly a difference between him and fucks like Thiel, Sacks or the Koch family who would never consider donating any of their money to research ways to eradicate Malaria or fund education programs for women.

  • If your standard for 'a good example' is being a bit more creative with his tax-dodging PR stunts than other billionaires, that's a pretty low bar. A better example to set would be to not exploit people to accumulate wealth in the first place. It takes a whole lot of people like you and me staying poor to make Bill Gates that rich.

    A better example to set would be to not exploit people to accumulate wealth in the first place.

    I do that everyday. Everyone feel free to thank me.

  • A better example to set would be to not exploit people to accumulate wealth in the first place.

    I do that everyday. Everyone feel free to thank me.

    No one gets thanks for being a decent human being, it's sort of the standard that everyone is expected to hold to.

  • How nice, live as the 0.0000001% that owns the world and make up most of the big evils in the world from the age of 34 to the age of 70 and then from 70 to 90 transition to the top 0.0001% and "not die rich"

    A real sacrifice, what a philanthropist, brave.

    I'm just here being a top 25% fully aware of my privilege for being born in a rich country and working in a well paying job, and I still donate more then him in terms of percentage of my net worth. (Bill gates donates about 0.8-1.6% of his net worth annually, I donate about 5-10% annually) and I truly believe that no one should be a billionaire.

    Me, bottom 10%, making coffee for a paycheck and scavenging my new pair of pants from a dumpster: Yeah, man, you said it.

  • No one gets thanks for being a decent human being, it's sort of the standard that everyone is expected to hold to.

    I would totally exploit people if I actually got the opportunity to do so, it's just no one will let me do it.

  • Me, bottom 10%, making coffee for a paycheck and scavenging my new pair of pants from a dumpster: Yeah, man, you said it.

    Me, bottom 10%

    bottom 10% of mankind are most likely starving and homeless, definitely not on lemmy

  • One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

    In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them.

    There was this article about Bill Gates getting his most career-making deal by (badly) cloning the software of a competitor. A true genius is above the common law of peasants.

  • Me, bottom 10%

    bottom 10% of mankind are most likely starving and homeless, definitely not on lemmy

    Assuming they meant in their country, and that their country is USA, bottom 10% as of 2023 was $15-18K. https://dqydj.com/2023-income-percentile-calculator/

  • I would totally exploit people if I actually got the opportunity to do so, it's just no one will let me do it.

    Then you are not a decent human being? 😛

  • San Francisco crypto founder faked his own death

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    Sounds like a tagline for a commercial. I just have no idea what it would be selling.
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    It varies based on local legislation, so in some places paying ransoms is banned but it's by no means universal. It's totally valid to be against paying ransoms wherever possible, but it's not entirely black and white in some situations. For example, what if a hospital gets ransomed? Say they serve an area not served by other facilities, and if they can't get back online quickly people will die? Sounds dramatic, but critical public services get ransomed all the time and there are undeniable real world consequences. Recovery from ransomware can cost significantly more than a ransom payment if you're not prepared. It can also take months to years to recover, especially if you're simultaneously fighting to evict a persistent (annoyed, unpaid) threat actor from your environment. For the record I don't think ransoms should be paid in most scenarios, but I do think there is some nuance to consider here.
  • AI will replace routine — freeing people for creativity.

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    So you are against having machines do the work of blue collar workers? We should all be out in the fields with plows instead of using a tractor and assembling everything by hand in factories?
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    I use it for my self hosted apps, but yeah, it's rarely useful for websites in the wild.
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    I see your point but also I just genuinely don't have a mind for that shit. Even my own close friends and family, it never pops into my head to ask about that vacation they just got back from or what their kids are up to. I rely on social cues from others, mainly my wife, to sort of kick start my brain. I just started a new job. I can't remember who said they were into fishing and who didn't, and now it's anxiety inducing to try to figure out who is who. Or they ask me a friendly question and I get caught up answering and when I'm done I forget to ask it back to them (because frequently asking someone about their weekend or kids or whatever is their way of getting to share their own life with you, but my brain doesn't think that way). I get what you're saying. It could absolutely be used for performative interactions but for some of us people drift away because we aren't good at being curious about them or remembering details like that. And also, I have to sit through awkward lunches at work where no one really knows what to talk about or ask about because outside of work we are completely alien to one another. And it's fine. It wouldn't be worth the damage it does. I have left behind all personally identifiable social media for the same reason. But I do hate how social anxiety and ADHD makes friendship so fleeting.
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    IMO stuff like that is why a good trainer is important. IMO it's stronger evidence that proper user-centered design should be done and a usable and intuitive UX and set of APIs developed. But because the buyer of this heap of shit is some C-level, there is no incentive to actually make it usable for the unfortunate peons who are forced to interact with it. See also SFDC and every ERP solution in existence.
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    "Extra Verification steps" I know how large social media companies operate. This is all about increasing the value of Reddit users to advertisers. The goal is to have a more accurate user database to sell them. Zuckerberg literally brags to corporations about how good their data is on users: https://www.facebook.com/business/ads/performance-marketing Here, Zuckerberg tells corporations that Instagram can easily manipulate users into purchasing shit: https://www.facebook.com/business/instagram/instagram-reels Always be wary of anything available for free. There are some quality exceptions (CBC, VLC, The Guardian, Linux, PBS, Wikipedia, Lemmy, ProPublica) but, by and large, "free" means they don't care about you. You are just a commodity that they sell. Facebook, Google, X, Reddit, Instagram... Their goal is keep people hooked to their smartphone by giving them regular small dopamine hits (likes, upvotes) followed by a small breaks with outrageous content/emotional content. Keep them hooked, gather their data, and sell them ads. The people who know that best are former top executives : https://www.theguardian.com/technology/2017/oct/05/smartphone-addiction-silicon-valley-dystopia https://www.nytimes.com/2019/03/01/business/addictive-technology.html https://www.today.com/parents/teens/facebook-whistleblower-frances-haugen-rcna15256
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    The new Pebble watches look interesting. Relatively basic, but long battery life (they promise) and open-source operating system.