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0 pointsgist10y ago0 comments

Don't know about the Saudi princes however the Koch Brothers have given away millions of dollars (and I am sure there also give away money anonymously as well).

http://www.kochfamilyfoundations.org/foundationsdhk.asp

Also rest assured that Facebook also "evades taxes" in the same way that the Koch brothers do, that is by taking advantage of the US Tax Code in a legal way. And none of us have any idea what the Koch Brothers have in their wills and have not publicly announced.

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13 comments · 3 top-level

scoofy10y ago· 6 in thread

David Koch, worth 44,200 million dollars, is donating literally millions?!? How generous of him to give away approximately 0.002% of his fortune here and there.

Please be serious. This comparison is laughable, the ≈ $300M listed on his foundation is literally 0.7% of his net worth.

bobbles10y ago

..and who the hell are you to determine where someone donates their money??

scrollaway10y ago

GP wasn't determining where someone donates their money. GP was pointing out that putting the Koch brothers in that comparison is ridiculous given their net worth.

calibraxis10y ago

Perhaps you should not publicize press releases and webpages detailing money you allocate "altruistically", if you do not wish others to comment.

(Throughout history in many cultures, people gain status by ostentatious gifts of wealth. Of course, that means you have to tell everyone of your benevolence. And as everyone knows, Koch uses his wealth — and shows like this — to wield enormous influence in politics.)

g_delgado1410y ago

or lack thereof.

hoorayimhelping10y ago

How much of your wealth do you donate?

adrianN10y ago

The marginal value of money is small. If I had ten times as much money as I have now, I would stop working and travel a lot more. If then my wealth magically multiplies by another factor of ten, basically nothing would change.

rewqfdsa10y ago· 3 in thread

One of the organizations the Koch brothers fund is FIRE, which is dedicated to free speech on college campuses. It's really hard to find fault in that. I really hate the Manichean judgment common in modern public discourse. Everyone is either a saint or a devil, depending on which side you're on.

orangecat10y ago

It's really hard to find fault in that.

Not that hard. Social justice advocates increasingly view support of free speech as equivalent to defense of racism/sexism/homophobia/etc.

tlrobinson10y ago

Which is a little insane given marginalized/minority groups are typically the ones who need freedom of speech the most.

EGreg10y ago

Yeah, some offshoots of social justice have metastized into fascism. Who gets to decide what censorship will take place in the name of this justice?

pen2l10y ago· 1 in thread

Consider as well that Facebook steals money from content creators who really need the money. See https://www.youtube.com/watch?v=L6A1Lt0kvMA & https://www.youtube.com/watch?v=t7tA3NNKF0Q

Also, the idea of having Facebook at the cost of giving up your privacy to this behemoth, and more importantly, at the cost of this company exploiting your cognitive biases to get you to buy things hardly seems conducive to a spirit of bettering the world.

bigbugbag10y ago

Not sure why the downvotes, your point is valid. Though it should not be a surprise, facebook business is designed as such (empty shell to be filled by the facebook used + everything shady and dirty trick in the book).

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