Your Take on Billionaires Promising to Give Away Their Wealth?

[YOSHIE]

Your Take on Billionaires Promising to Give Away Their Wealth?

The rich man is free to do anything with the property he has, what Bill Gates promised has many other billionaires who did it, it was not the first billionaire to do so.
Example: Chuck Feeney donated his wealth to philanthropy?

For this reason, sometimes the minds of the rich are difficult to guess, for sure they have conscience about humanity, regardless of other things, seen with the invisor of good goals, which is essentially the rich free to use their wealth in any case.

[Peanutswar]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

Sometimes its not all about with the money those billionaires and millionaires seems already done on what they are desires for but only few people on that small percentage are the one willingly would like to give their money back to the community so I guess nothing wrong with this, base on my observation those people who came from the bottom only appreciate this kind of action to help others they knew the feeling and experience to have nothing and having this kind of action gives them satisfaction its more priceless than the money.

[Rruchi man]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end?

I think everyone has the right to decide what they want to do with the money they have made, and other people like us should not be in a position to question or criticize them because they always have their reasons. For someone like Bill Gates who has made such a life decision, I do not think that we are in the position to criticize it or judge whether it is the right move or not because it is a decision that he must have thought carefully about before making, and it is something he wants to do.

It is still okay for any other billionaire who does not want to do the same.

[serjent05]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

I got hesitant to believe that Bill Gates' intention was genuine when I read "through his charity foundation",

It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end?

There should be a catch on this somewhere.  I think there is a hidden agenda behind this action.  Possibly he is initiating the "give away" to trigger the government grants and at the same time have discounts on taxes and the proceeds is obviously tax-free.  This is somehow transferring wealth without paying taxes from the receiving end.

I think everyone has the right to decide what they want to do with the money they have made, and other people like us should not be in a position to question or criticize them because they always have their reasons. For someone like Bill Gates who has made such a life decision, I do not think that we are in the position to criticize it or judge whether it is the right move or not because it is a decision that he must have thought carefully about before making, and it is something he wants to do.

It is still okay for any other billionaire who does not want to do the same.

I highly agree that anyone has the right to do whatever they wanted to do with their wealth but somehow there is something like "conspiracy theory" brewing in my mind  .

[Btcdeybodi]

Life is vanity and every wealth human acquire in life is also vanity because a day will come when you will leave the earth and your money so instead of leaving your wealth to relatives or your children who will later mismanage the wealth, it is best to give it to charity. Giving your wealth to charity doesn't mean you will give everything but part of your wealth while your loved ones can manage the rest of your wealth when you ain't there anymore.

Bill gate is a billionaire in dollars and have acquired a lot of wealth, of what use will it be when he is no longer there so it's best to give to charity even when he is still alive. I think Michael Saylor also said of giving his wealth to charity and that is what every wealthy man should do especially when they are getting old. Giving back to the society is the best way to even attract more blessings.

[Ndabagi01]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

We all through one way or the other contributed to him being rich and made all the fortunes through us but he put in the smart work to have come this far. I see nothing wrong that he is giving back to the community as he should, it’s a way of been able to appreciate those that raised you to become who you are today. He can’t deny the fact that without us he would be this rich today, so it’s a good thing to give back to the community through his charity foundation. He has been an instrumental and philanthropist since I knew him and that made him to continue to grow and become better and one of the generous richest persons to have lived in this world in our own time.

[NeuroticFish]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

Sadly for many of them, after a certain amount, it seems to become a contest: who can get wealthier.
Of course, like any dull game, sooner or later it becomes boring. Plus in many cases there's the philosophy that the children should not inherit everything.
I guess that after some age guilt also comes into equation: they know they could have contributed better to the society if they would have not been "optimizing" their taxes.


But after all, that shitload of money is legally theirs and it's their right to do with it whatever they want (and it's their sole business what they do).

[qurbanshah02]

He earns while sleeping


Sharing $90 billion to people is nothing for bill gates because he is a philanthropist whose income comes in on a daily basis in millions of dollars. So if he gives that away, it won't make him poor rather his name will be a legacy for his children and good image for the generation unborn. However, it takes a man who knows that he has established a daily income to do that.

Yes, everyone knows about him how rich he is, but there are two reasons for this, one, if we talk about humanity, we will not like him in this matter. And on the other hand, if we look at his hard work, then he is the fruit of someone who has succeeded in it by working hard. Therefore, this thing influences us enough to succeed in ourselves that we also have to work hard and do some good work, through which we can become famous and more rich in the world. If you want him to be known more, then he will create a better software through which he will also become famous and earn money.

[justdimin]

Sharing $90 billion to people is nothing for bill gates because he is a philanthropist whose income comes in on a daily basis in millions of dollars. So if he gives that away, it won't make him poor rather his name will be a legacy for his children and good image for the generation unborn. However, it takes a man who knows that he has established a daily income to do that.

I still say we should celebrate him. Sure sharing money directly, doesn't make the economy better on great scale, but it's a start, and it's better than most. Look at what other rich people are doing, look at top 500 rich list on Forbes, and tell me which one of them shared as much of their share as Bill Gates did, not many. Warren Buffet seems to not care about money, not his kids neither, so maybe him but not many else.

So while it may not be much money for Bill Gates, it's still some money and that they should care about it and be happy with how much Bill is sharing. If he didn't, that would be billions away from the kids that are in hunger too. He is literally working towards eradicating diseases, how much more does he have to do to make us say good job?

[Orpichukwu]

The Bill Gates family believes in trying to impact a little change in the world, no matter how little. You can't change everything, but the little you can will greatly impact someone's life. This is their belief, which is why they plan to give away most of their fortune as long as their children won't have to suffer and are settled, even as he said most of his children won't end up being billionaires.

Bill gates stopped accumulating wealth years ago, all his money is from Microsoft times, it's no different from the wealth owners of crypto would get over time, I am not doing a thing yet I saw my stash gain 1000% in value over the last 5-6 years, I'm not accumulating wealth I'm just enjoying a well placed investment.

It could also be said to be a regenerational wealth; you have worked smart to invest in something which has been given to you that wealth which you are enjoying. Your money and your smart investment have given you more wealth; it could also be said to be a wealth accumulation. On the other hand, as long as your money is increasing.

[tabas]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

To avoid taxes. What was the name of the charity foundation he mentioned? I guess that is still under Bill Gates' foundation, and whoever runs that is probably a kin to him. These wealthy people know the tax loopholes and so to avoid being taxed with a lot of money through charity foundations and good cause funding. It's not only he who has mentioned that. They might give away a portion of it but they're not dump to let all of the money they've worked hard for just it to charity. I think if you do the calculation even if 99% of his wealth given to the charity, he'll still remain a billionaire.

[Obulis]

It’s kinda like giving back to the community, he wants to make a legacy.
Howeverl, I don’t think he’s planning to give everything away. The guy’s got investments that’ll keep printing money while he sleeps.

Still, whether he gives it all or just a chunk, $90 billion is insane money to share.
He’s probably the first to do it at that level, and no doubt, people especially those under his foundation will remember him forever.

Bill Gates reveals the 2 reasons why he's giving away his $90 billion fortune

Of a truth, that would be highest level giving back. But his is not giving away all his wealth like OP pointed... He is giving away so much not all since the printers are still intact.. If it was the dollars printers that he will be giving then that means everything by reasoning. Because the $90 billion is limited except made to generate printers.

I wish this people understand his foundation will be transparent..

[passwordnow]

I can do only so much and that's why I consider this a noble move. If they're on that position, they're on their capacity to do such for the communities that they are supporting and that's why we have to recognize and appreciate what they do. If we ask ourselves if we will do the same as them, maybe we'll do but we won't be giving so much wealth to these charities, right? I know that we've got also purposes in living and we want to support the good cause that we're seeing in our surroundings and communities. But it is a noble and commendable move that someone like him is giving that much. I cannot hate or bash this kind of guy giving or should we? I guess with the folks reading so much conspiracies, they might be but I won't be if there's a good reason to contribute.

[Tmoonz]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

While he may not necessarily give out all that he has laboured for doing such a giveaway is part his own services to humanity, he is a philanthropist by given a help handa to the charity organization, I don't really think if there is anything behind the scenes, alot of people does it in their own little way yeah it must not necessarily be a very wealthy man like that of Bill Gates. However, such mind of generosity is more of a personal decision, there is a man in my community that runs a foundation of paying students scholarships but when considering people that are very rich in the community he will only be at the tenth position while those that are richer than him couldn't do anything of such for the community so you see, and it is a legacy to those doing that.

[Salahmu]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

If he said he would give it all away then it could be true because there is no reason for him if he would made it public and later not do with as he said, there are people who behave like God sent to others because of how generous and of a philanthropist they are, besides I believe that giving to charity was a way of appreciating how life favoured him, so perhaps he just want to make it in a way he has not done before, However if you think he meant 100 percent of his wealth that may not be true because I don't believe he would do that because it means all including his house he is living .

[Zlantann]

I can do only so much and that's why I consider this a noble move. If they're on that position, they're on their capacity to do such for the communities that they are supporting and that's why we have to recognize and appreciate what they do. If we ask ourselves if we will do the same as them, maybe we'll do but we won't be giving so much wealth to these charities, right? I know that we've got also purposes in living and we want to support the good cause that we're seeing in our surroundings and communities. But it is a noble and commendable move that someone like him is giving that much. I cannot hate or bash this kind of guy giving or should we? I guess with the folks reading so much conspiracies, they might be but I won't be if there's a good reason to contribute.

Nobody knows if there are other intentions why Bill Gates wants to give out his wealth. But I know that the Bill and Melinda Foundation has been touching lives positively in my country. They have supported the eradication of of malaria programs and many people have benefitted from free mosquito vaccines, drugs and preventive sleeping nets. The research, experiment and discovery of vaccines have been a game changer in the fight against malaria. I guess this foundation has invested so much in this project. There are so many conspiracy theories about Bill but I see him as a man that have understood that his children don't need much money to survive. He wants them to pursue a career and be successful in them instead of relying on inherited wealth.

[CryptopreneurBrainboss]

I recently came across the news that Bill Gates plans to give away his entire fortune through his charity foundation over the next 20 years. It got me thinking, why would someone spend the majority of their life accumulating wealth only to give it all away in the end? I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

They give it away but they would have secretly prepared their children to be able to create their own wealth without depending on their fathers wealth. Rich kids are known to be unable to replicate their father's wealth so with this move of letting the children know they won't be recieving anything, they'll be force to buckle up and put their lifes on the right track to be able to get something for themselves.

With that mentality, the children will grown up to live up to the expectations of their father. It doesn't always work out that way though so we don't necessary have to follow up with what these rich dudes are doing because we don't have the full story and somethings might be going on behind without our notice. Maybe it's a way to avoid the government taxing the children or eyes being on them, who knows.

[Obari]

I'm curious, do they truly give it all away, or is there something more going on behind the scenes?

Yes and there is every possibility for such happened considering how wealthy they are or could be, people like Elon Musk, and Bill gate could do that because they makes millions dollars within 24hrs and if they keeps spending that wouldn't affect their overall savings or investments reason because they already has investment where they are already reaping it folds, so they aren't much cared if they spent that on their foundation. What they believe is the life they would have to impacts before finally leaving the face of the earth.

F**k 💔
I was expecting to see where there would be opportunities for people like myself to earn from these money but I don’t think that will happen🤣
He gave just two reasons to why he was giving out 90billion and trust me  this is a good print on the wall of history because I’ve always known, that people don’t get satisfied with wealth and that’s just the human nature and people always give mostly with some sort of intentions behind it and this case scenario isn’t exempted but trust me, it’s worth it.

These men make money even in their sleeps and Elon one responded to me east on x formerly twitter when Mrbeast boasted of making $1 million dollars in one day and Elon responded that he makes that in one hour and you can imagine a return of $24 million in day earnings?

I have the feeling I will get there and I don’t even know how but for now, let’s focus of making the forum a better place.

[Coyster]

At the end of the day it is their money and definitely their choice, some people don't actually believe that they give it all away, but TBH, i really do not care. Giving your money away is not a bad thing in itself, it is not like you are throwing it away on irrelevant things or wasting it away, if it is for charity, then you are helping to change lives, of course i am sure they also must have made adequate plans for their children and relatives before making plans like this.

[Accardo]

Life is vanity and every wealth human acquire in life is also vanity because a day will come when you will leave the earth and your money so instead of leaving your wealth to relatives or your children who will later mismanage the wealth, it is best to give it to charity. Giving your wealth to charity doesn't mean you will give everything but part of your wealth while your loved ones can manage the rest of your wealth when you ain't there anymore.

Nobody knows the full intentions of Bill gate regarding what he said, it could be to attract more sales for his company while he's still alive because humans are moved by such talks. However, something is there to be learnt, aging teaches everyone, both the rich, if a billionaire could conclude that he'd disseminate all his wealth to the needy, it's quite nice of him, but the worry should be whether the organizations in control of distributing his kindness to the world would take it seriously. How is he going to monitor the circulation of his wealth in the grave yard? Similar thoughts may bother him aswell, as nobody can be trusted with such a whooping amount of money, it's best he hands it over to the US government atleast to secure Microsoft for life. That's he's legacy.