Jeff Bezos plans to give away the majority of his fortune

erickmendes

Posts: 708   +334
Here at the Help Me Foundation we do our best to try to keep Me from extinction. With just one dollar (per second) you can keep me alive, pay my bills and give my children a better education. The Help Me Foundation is waiting your check, Mr. Bezos.
 

TheBigFatClown

Posts: 1,059   +459
Why don't we talk about something that is proven by history. All governments lie to control people. Now that we have that real fact of the world, let's ask ourselves this question, would government and politicians lie to us to maintain their own political power and authority?

Here's a few other facts:
If there is any man-made climate change, its being greatly exaggerated. History has already proven this numerous times with its priests' own failed predictions.

Politicians are using climate change for power. Promising "green energies" that have not proven themselves and often are just as or more destructive than fossil fuels. This while levying heavy taxes on fossil fuel energy to exert more control over you.

The priests of climate change do not practice what they preach. As far as human carbon footprints, many of them have the largest on the planet.

Saudi's love EGS and promote it for Western societies so they'll stop drilling and buy oil from them. Russia spent big money on promoting EGS in the West as well. Surprise, Surprise, of course it makes sense, they don't plan to stop drilling. But, they do know that green energy is not a threat to them.

Anybody got a list of the billionaires who keep announcing this? I know about Bill Gates and he's a douchebag to the Nth degree. Bezos doing this right behind him just reeks of narcissim and greed.

@EdmondRC

Exactly right. This guy is doing nothing more than following in the crooked footsteps of Bill Gates who sets up a foundation named after himself and literally him and his divorced wife are still involved in. Give away? Give away to himself more than likely.

As other intelligent posts have already stated, I'm pretty sure there's a reason based on tax evasion behind these moves.

Don't forget how politicians have been elevating "chosen" viruses to superstar status now for political power also. Trillions of viruses on planet Earth. Spook the masses on a regular basis with a new mutation and hold on to unprecedented political power for life.

"We're raping you of your civil liberties for you own good. You can thank us later!"
 

Mr Majestyk

Posts: 1,548   +1,450
Gees I don't like Bezo at all, put he doesn't have to give it away at all. Most scumbag gazillionare's just pass on to their stupid offspring to fritter away. I'll bet no one attacking him even gives to charity at all while dissing Bezos.
 

TheBigFatClown

Posts: 1,059   +459
Gees I don't like Bezo at all, put he doesn't have to give it away at all. Most scumbag gazillionare's just pass on to their stupid offspring to fritter away. I'll bet no one attacking him even gives to charity at all while dissing Bezos.
If he gives to his own charity then he's not really giving anything away. If he gives his fortune away to 10 different charities of which he has no known control, ties, or involvements with then I'll take a second look.

Bill Gates gives his fortune away to the "Bill and Melinda Gates Foundation". No, I'm not making that up.
 

GamerNerves

Posts: 178   +108
I'm glad that fossil emissions would be decreased by this donation I assume, but I'm slightly concerned how much nuclear power is being built currently instead. I guess this money goes a long way to make enviroment better, but the line in the article about "unifying" the globe is a bit concerning, though what does it mean in this case, perhaps somebody else knows here? I guess this money is not going to end up all the way to the right hands, but is going to be a big help nonetheless, if truly donated.
 
I came here thinking huh thats actually quite nice of him half his fortune could help a lot but now reading these comments I just have a pit in my stomach and I dont know what to think ill be gullible and actually support him for donating half his fortune you know its better late than never you know if he gives it away to charities that he does not own himself
 

Athlonite

Posts: 410   +169
So Ole Bezos must have finally decided to leave earth and go home finally I wonder if he's taking his bestest friends Musk and Zuckerberg with him
 

error1984

Posts: 30   +44
Many greedy comments here :) Its his money so he can do whatever he likes.

The right people at the top dont fear climate change....the biggest problem to earth is human population.
 

Avro Arrow

Posts: 3,312   +4,302
BS.. you dont announce it and then spend 20 years dolling out TINY TINY ...... TINY grants with a ''promise'' to give it all out at death.
He really IS like Lex Luthor, eh?
If this were a real thing he'd give 40 billion to Darpa for clean energy research
We don't need research, we need implementation. Geo-Thermal Energy is clean, constant, literally everywhere and most importantly, we already know how to do it. The thing is, for some reason, it gets ignored (despite the fact that Iceland runs on it 100%).
.. 30 billion to something like UNICEF .. 30 billion to cancer research and children's hospitals
I totally agree with this. These are important causes.
and 20 billion to anyone under 35,000k income who wants a real college degree.
This is a bit frivolous. Don't get me wrong, education is important but there are far more dire needs than this at the moment.

I think that ending homelessness permanently would have a bigger impact. For one thing, if nobody was homeless or had a fear of it, crime would plummet. I don't think that criminals want to be criminals, I think that they often have little choice in the matter and the fear of being homeless is a VERY strong motivator. It would also solve the housing crisis because if everyone has a place to live, it would cause the price of rent and real estate to fall through the basement.

This would solve a lot more problems than people going to university for free because the cost of living is too high and there are many people who don't have the capability to benefit from university. Having a safe place to live, sleep and raise a family is something that everyone would benefit from, not just the people who are intelligent enough to get through university. My IQ is very high but my uncle's is very low. It makes me sad because he loves computers but no matter how I try to teach him about them (and he asks me often), he just can't "get it". University would be of no benefit to him.
then keep 4 billion for himself and his wife with the scarey wide smile
Oh hell, even if he only kept $1,000,000,000 he'd still have more money than he could possibly know what to do with. :laughing:
By fighting climate change what he really means is that he is going to use his money to promote candidates around the globe that will enact legislation to make you poorer by spending trillions on "green energy" which to date has not proven to be any better for the environment than Carbon based energy. Also, to tax fossil fuel derived energy sources to force you into electric cars and solar panels. His money will do nothing to actually fight climate change, but it will go a long way in creating more totalitarianism and widening the gap between the elites and the rest of us.
I agree with you there. The greenest-possible energy is Geo-Thermal and we already know how to do it. It doesn't take up much space, doesn't cost much, is suitable as a baseline source because it's constant, can be done literally anywhere and is essentially perpetual. I honestly don't understand why it gets ignored. Probably because if the problem was solved, nobody could make money off it anymore.
Jeez, the hatred is real with you guys. You literally can't be pleased.
What, you think that Jeff "Lex Luthor" Bezos hasn't earned all of the hate? You're kidding, right? (Please tell me you're kidding!)

Jeff Bezos is a psychopath who lies as easily as he breathes. Buffett and Gates are the same because they've had the means to permanently solve rampant sociological problems for years but those problems still exist. They could have permanently ended homelessness in the USA but they haven't done it. They talk about giving their fortunes away to help the world but they all still have tens of billions of dollars that they're sitting on, billions that can do objectively nothing to improve their own lives.

The economy is like a machine and money is the lubricant that lets it run smoothly. When enough of that lubricant is taken out of circulation, the machine will start to run badly (this is where we are now) and will eventually fail.

I wonder why ANYONE would feel hatred towards the people causing the economy to fail.
I think I'd find it very difficult to donate to the *right* charities as well. Having 90% of your donation lining the pockets of a charity would piss me off to no end. If he doesn't do it correctly the money is just wasted.
Then he should just start his own like Bill Gates did. Unlike Bill Gates however, he should actually DO something with it that costs him more than what would be the equivalent of $10 to normal people.
Correction:

Jeff Bezos plans to offshore away the majority of his fortune
He hasn't done that already? What an amateur! :laughing:
Good on him for at least/maybe trying to help.
We'll see. Until then, he's still a greedy psychopath in my eyes.
but just tax these uber rich people and companies, its that simple.
It would be, except that they pretty much own the US congress regardless of party and you know how Americans are (taxes lead to their "socialism boogeyman").
No, we’ve all been around the block enough times to spot the BS virtue signaling and typical con by these elites.
Yup. Lots of talk, no action. These are psychopaths who lie as easily as they breathe.
If they really wanted life-changing benefits for this planet, they’d ensure clean water supply and infrastructure for Africa, build the Southern Border wall to keep all the gangs and drugs out, invest in promote pro-life causes to further economic development and ingenuity, and deliver food to the hungry.
And yet, none of that happens. I couldn't agree more!
Good for him. It's good to try and do something positive in the world. It doesn't really matter if you're donating billions or just a couple of dollars. Though personally, I'm most impressed by those that donate their time to the things they believe in.
Well then you should be REALLY impressed with me because I've donated what would be considered BILLIONS to charity already if you account for the wealth difference between normal humans and billionaires. When Bill Gates spent $250,000,000 to fight malaria, I did the math and it was like me donating $20 to the Salvation Army. Man, compared to these billionaires, I'm a goddamn SAINT! (pun intended)

I truly believe that charities should NOT exist because in a world that is run properly, there is no need for them. Charities are the result of governments not doing nearly enough to begin with.

Besides, Bezos has lied so many times that I refuse to believe his words, only his actions.
 

Avro Arrow

Posts: 3,312   +4,302
Many greedy comments here :) Its his money so he can do whatever he likes.

The right people at the top dont fear climate change....the biggest problem to earth is human population.
Greedy comments? The greed is hoarding that much wealth while the rest of the world has nothing because the fools cling to a broken capitalistic economic model.

Being a billionaire, having that much wealth hoarded, does nothing for you and harms the world economy. If you advocate that, then you're a part of the problem. A problem that is hardly a secret in this world.
 

EdmondRC

Posts: 441   +650
Greedy comments? The greed is hoarding that much wealth while the rest of the world has nothing because the fools cling to a broken capitalistic economic model.

Being a billionaire, having that much wealth hoarded, does nothing for you and harms the world economy. If you advocate that, then you're a part of the problem. A problem that is hardly a secret in this world
No economic system is sustainable when there is widespread corruption. The problem we are facing today is not even a lack of regulation. It is a failure to enforce or even better a lack of will to investigate certain individuals. Even when potential insider trading and back door deals are brought to light, its immediately covered up. The people that would need to investigate these things have their own deals going on as well, so they have no desire to stir the pot. There is no integrity and there is no law enforcement for the elites. We see this constantly; they never pay the price. Combine that with a complicit media that are also in on it. There are no investigative journalists today, just a bunch of political hacks that attend the same parties, social clubs, etc. as the elites and benefit greatly from ignoring real stories. Capitalism itself is not the problem, widespread corruption and cronyism is. Unfortunately, this just about always happens, no matter which form of government. The individuals might look different, but the outcomes are almost always the same. What we have in America today has become a two-class system. There are the elites and those that benefit directly from them. And then there are the rest of us who they view as having too much freedom which they are now culling every way that they can, "never let a crisis go to waste". What scares them about our freedom is that we might actually find a way to gather enough power and a large enough group to do something about them and their crimes. So, they divide us by every single division point they can find, religion, gender, race, sport's teams, political party affiliation, you name it, they will find a way to divide you on that issue. This also keeps them in power. We are fools and there doesn't seem to be any evidence that people are getting smarter. The past two years they have been scaring people about the "End of Democracy". I'm under no illusion that the Republicans are any better than the Democrats, but I do find it interesting the fear tactics used to make people believe that something like 300 individuals almost overthrew the US government. That's ridiculous on its face, but when we are divided about everything, people are convinced easily that somehow 300 people nearly overthrew a country of 350,000,000 people. It served them very, very well as they used it further divide, drum up more hatred, and believe it or not, even act like they were victims.
 
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mbk34

Posts: 418   +323
I truly believe that charities should NOT exist because in a world that is run properly, there is no need for them. Charities are the result of governments not doing nearly enough to begin with.
I'll freely admit I'm the least charitable person I know but weirdly I also happen to be the head of a small charity that looks after a fairly large park in London. The charity wouldn't be needed if there was enough funding from Government but people weirdly don't like to paying more taxes. Go figure? This particular charity is run completely by volunteers (including me). I set the charity up because it allows us to take donations, gift aid etc and not be taxed. It also allows companies to sponsor events or allow their employees to volunteer for us on "charity days". The money we've raised has allowed us to replant large areas, put in new tree lines, a new children's playground etc. We also helped set up a micro brewery and a new cafe which all bring in more money for the park. Without the charity, I suspect we'd just have 70 acres of partially bare earth and people wandering around complaining about the government not doing anything about it ;)
 

mctommy

Posts: 444   +166
If he gives to his own charity then he's not really giving anything away. If he gives his fortune away to 10 different charities of which he has no known control, ties, or involvements with then I'll take a second look.

Bill Gates gives his fortune away to the "Bill and Melinda Gates Foundation". No, I'm not making that up.
The Trust gives money to the foundation. The Trust has over $53B in assets. The two work together. Unlike other charities, it is set to dissolved 20 years after their death.

The foundation did disclose close to $6B in grants and donations for each 2021 and 2020. While they don't have to pay Uncle Sam by donating to their own charitable trust (why donate to the government while they waste the money anyways), the list of causes and donors that the Foundation gives to is I think good use of the money.

 
Could start by giving customers their money back, that he has shafted from them, on their purchases over the years
 

TheBigFatClown

Posts: 1,059   +459
The Trust gives money to the foundation. The Trust has over $53B in assets. The two work together. Unlike other charities, it is set to dissolved 20 years after their death.

The foundation did disclose close to $6B in grants and donations for each 2021 and 2020. While they don't have to pay Uncle Sam by donating to their own charitable trust (why donate to the government while they waste the money anyways), the list of causes and donors that the Foundation gives to is I think good use of the money.

I see most of the money goes to "Infectious Disease Control" which translates into everything involving an infrastructure to "Stop the Spread" and "Vaccinating every person on planet Earth". Even those who really don't need to be. Yeah, that didn't help me like Bill Gates anymore than I ever did, which I don't. Thanks for the link though.
 

mbk34

Posts: 418   +323
Could start by giving customers their money back, that he has shafted from them, on their purchases over the years
So, apart from offering you way more choice, at cheaper prices, allowing you to search all customer feedback (good and bad), delivering to your door the next day and then allowing items to be sent back for no reason. How exactly do you feel you've been shafted?
 
On their purchases? :) You know amazon.com has a pretty good return policy if you're unhappy with a purchase.
As so often happens people tend to forget what the topic is all about. In the case it,s suggestion,s as were he should donate that money, so why not give a share of it back to the customers who have helped him to make this fortune?
 

Avro Arrow

Posts: 3,312   +4,302
I'll freely admit I'm the least charitable person I know but weirdly I also happen to be the head of a small charity that looks after a fairly large park in London. The charity wouldn't be needed if there was enough funding from Government but people weirdly don't like to paying more taxes. Go figure? This particular charity is run completely by volunteers (including me). I set the charity up because it allows us to take donations, gift aid etc and not be taxed. It also allows companies to sponsor events or allow their employees to volunteer for us on "charity days". The money we've raised has allowed us to replant large areas, put in new tree lines, a new children's playground etc. We also helped set up a micro brewery and a new cafe which all bring in more money for the park. Without the charity, I suspect we'd just have 70 acres of partially bare earth and people wandering around complaining about the government not doing anything about it ;)
Yes and that's great of you, I really mean that. The thing is, if you did this, it means there was a need for it and the government didn't provide. And yes, people don't like paying taxes but they're fools because the highest-taxed countries are easily the best-run countries. Taxes aren't a bad thing if the government makes it worth it and they don't cripple you financially. Of course, that also means that government corruption must be kept low and there aren't very many governments that can truthfully claim a quality like that.

BTW: If you were the least charitable person that you know and you set up a charity that you volunteered for, it either means that you know some incredibly charitable people or you're better than you think you are. :D
 

Gezzer

Posts: 316   +153
BS.. you dont announce it and then spend 20 years dolling out TINY TINY ...... TINY grants with a ''promise'' to give it all out at death.

If this were a real thing he'd give 40 billion to Darpa for clean energy research .. 30 billion to something like UNICEF .. 30 billion to cancer research and children's hospitals and 20 billion to anyone under 35,000k income who wants a real college degree.

then keep 4 billion for himself and his wife with the scarey wide smile

First off let me state that I have no love for Mr. Bezo. He's the perfect example of predatory capitalism, where profit is the only focus and employees get the shaft. He's also done more harm to the both the internet and B&M marketplace then any other retailer with the exception of Walmart. I refuse to buy from Amazon, and the few times I've had no other choice, the experience has been anything but thrilling. The idea that Amazon is customer focused is a myth and nothing more.

But with that said I'm not sure you understand the form most billionaires immense wealth takes. The vast majority is stock in the company they founded, and the only way to convert it into useable funds is to liquidate their position in the company. Which is extremely problematic. Large stock sell offs will drive down the stock price, and due to this most of the stock is deferred. He's limited in how much stock he can sell at any one time. So, yes he's extremely wealthy. But his liquid assets are much less then his total net worth. I'd be really surprised if he had more than 500 million, it's most likely less than that.
 

Avro Arrow

Posts: 3,312   +4,302
First off let me state that I have no love for Mr. Bezo. He's the perfect example of predatory capitalism, where profit is the only focus and employees get the shaft. He's also done more harm to the both the internet and B&M marketplace then any other retailer with the exception of Walmart. I refuse to buy from Amazon, and the few times I've had no other choice, the experience has been anything but thrilling. The idea that Amazon is customer focused is a myth and nothing more.

But with that said I'm not sure you understand the form most billionaires immense wealth takes. The vast majority is stock in the company they founded, and the only way to convert it into useable funds is to liquidate their position in the company. Which is extremely problematic. Large stock sell offs will drive down the stock price, and due to this most of the stock is deferred. He's limited in how much stock he can sell at any one time. So, yes he's extremely wealthy. But his liquid assets are much less then his total net worth. I'd be really surprised if he had more than 500 million, it's most likely less than that.
Regardless, that's still far more than any single person should have because it's damaging to the economy at large. The way you speak it sounds like you're portraying $500,000,000 as chump-change. What these billionaires do for liquidity is they get loans from banks and use their stock as collateral at a very low interest rate. They have no problems getting their hands on as much money as they want.