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I once met a wealth manager for a billionaire whose entire job was to donate money as effectively as possible, focusing on infrastructure and education projects in Central and South America. She explained that the challenges are often unexpected.

For example, most smaller local organizations struggle to absorb large sums of money efficiently. Take, for instance, a group that builds homes for those in need. A sudden donation of millions of dollars can be too difficult to manage efficiently. So they try to be mindful of local needs, build trust, and build long-term partnerships.

So, why not just support many small communities? Well, a billion dollars could fund a thousand 1 million$ projects. That’s why this billionaire hired multiple wealth managers just to handle donations. That chat changed my perspective on how difficult it can be to give away large amounts of money.

Still, I’d rather them pay fair taxes.

"Dragon gives away hoard after death. That will fix all the lives he ruined, right?"

Fuck Warren Buffett. He’s just another scumbag who has soaked up wealth by taking full advantage of neoliberal economics. There are no good billionaires.

Why wait? There is functionally no difference between $1b and $147b. He would get to see the fruits of his efforts if he spends it now.

He’s entered the Rockefeller stage of his life. Build a bunch of community shelters or rebuild America’s railroad network or something useful, Warren.

There comes a certain point where wealth ceases to be a blessing, and managing it becomes a full time occupation. I can respect this decision.

All the more reason to level the playing field, eh?

No shit. What else would he do with it? Cling on to his fortunes while descending into the particular pits of the underworld?

Buffett gives money to Bill Gates to avoid dynastic wealth. Hmm

Dude could randomly give 147,000 people 1 million dollars but he's more likely to just give it to charities that his buds or family will benefit from.

Everyone hates billionaires for hoarding their money, but then it's also a problem when they're giving it away to charity.

Billionaires suck and shouldn't exist, but they do. I know this is going to get downvoted to hell because it seems a majority of the users here can't stand anything remotely positive being said about billionaires. But guys - it's an isolated good thing when billionaires give away large sums of their money to charitable causes. Doesn't mean that they shouldnt pay more in taxes, or that they're wonderful people, or that they accumulated their wealth in moral ways. All of these things can be true at the same time.

Write everyone in the US cheque for ~$400

He should give it to Bernie

Anyway I can email him asking for a couple hundred thousand? Drop in the bucket, he wouldn't even notice, yet my life would be changed forever.

So all those articles saying he sold to be in cash because market crash was coming were completely off