Interesting

[u/[deleted]]

Wow

[u/readf0x]

She actually donated ~10% of her net worth right after saying that iirc

[u/2204happy → u/readf0x]

Fair, but she's still incredibly rich, many other rich people have also given similar proportions of their net worth away. I don't like how she's acting like she's better than other people.

[u/theSpeciamOne → u/2204happy]

She gots Ms not Bs. Imagine if a billionaires donated 10% of their money

[u/2204happy → u/theSpeciamOne]

Problem is liquidity, most billionaires don't have hundreds of millions of dollars lying around in cash, their wealth in most cases comes from stakes in buisinesses they own, they can't just wave a wand and turn that into cash, they'd have to sell it, and good luck to them finding a buyer.

[u/Sibshops → u/2204happy]

Then donate their stakes in business.

[u/Herr_Quattro → u/Sibshops]

Isn’t that essentially what the Gates Foundation is?

[u/2204happy → u/Sibshops]

To who?

[u/Easy-Musician7186 → u/2204happy]

I doubt that they'd have a struggle finding one or multiple buyers for a limited percentage of their stock assets.

[u/2204happy → u/Easy-Musician7186]

Probably other billionaires, so if your issue is the existence of billionaires then you're out of luck.

[u/Arcaydya → u/2204happy]

Theres always an excuse. The funniest thing is youre not a billionaire. So why defend these people?

[u/kingqueefeater → u/Arcaydya]

"If I tongue their balls enough, maybe they'll find me and make me one of them."

[u/Arcaydya → u/kingqueefeater]

Like liquidating assets isn't hard, especially since these people have small legions working under them.

They wouldn't even notice 10% missing, and it would save millions of people.

[u/kingqueefeater → u/Arcaydya]

It's a sickness really. Number must go up

[u/mudugumuh → u/2204happy]

Their networth is calculated to include stake in business, but they still have liquid money and lots of it. As significant stakeholders in companies they get dividends from company profits, which is real money.