It might make sense if you buy into all the âeffective altruismâ rhetoric. Iâm still waiting for SBF to claim he siphoned off a ton of $ because things got hectic and EA was the true goal so he had to preserve funds for that. Sure maybe he bought some houses and stuff but for those who donât understand effective altruism thatâs all part of the plan, accumulate wealth, accumulate more wealth, look at all this wealth! Oh yeah, weâll stop pandemics and stuff, or something .
Luxury houses and shit isnât part of the plan. Peter Singer is stacking cash / accumulating wealth but also wears suits from Value Village and bikes to work. Thereâs no way that EA can be compatible with luxury mansions.
Itâs a little spooky knowing the EA people also seem to dabble in eugenics. Not just wood nymph. But that Singer guy has some real weird thoughts.
Like whatâs wrong with just âgive money to worthy causesâ like Bill Gates does? No - it has to be couched in some schmaltzy theory were you navel gaze about trolley problems all day.
Whatâs wrong with the Bill Gates model of pretend giving away your money for good PR? The part where he doesnât give away his money, he sure still has a hell of a lot of it for someone giving it all away.
But Bill Gates and his foundation are the perfect picture of why this model of billionaire philanthropy is so flawed. Gatesâs foundation was originally cooked up as a feel-good gloss to cover up his shredded reputation during Microsoftâs antitrust trial, putting him in the long tradition of obscenely rich people using the occasional generous gift to try justifying their enormous wealth and power.
A better example would be that one billionaire who actually gave away all his money but like 2 million dollars. I donât remember his name. No one does, because his giving wasnât a PR scam like the Bill or Melinda Gates Foundation.