this post was submitted on 27 Jun 2023
30 points (96.9% liked)
Denver
1126 readers
1 users here now
A place for discussions about Denver, CO.
Rules:
- No bigotry: Including racism, sexism, homophobia, transphobia, or xenophobia. Code of Conduct.
- Be respectful. Everyone should feel welcome here.
- No NSFW content.
- No Ads / Spamming.
- Be thoughtful and helpful: even with ‘stupid’ questions. The world won’t be made better or worse by snarky comments schooling naive newcomers on Lemmy.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Losing my mind at the statements made about his “generosity” lol. He dropped $75 million on University of Chicago. A donation of about 0.75% of his net worth.
The median net worth of an American family in 2019 was $121k. A commensurate donation for them would be about $900, far less than they pay in taxes per month.
I understand that it's nowhere near the same, but I donate about 5% of my income every year - spread across 4-5 charities.
I actually have a spreadsheet that I ginned up one day to dream about what I would do if I won the Powerball. At the time, the Powerball was paying out 1.1 billion. So after taxes and dividing up with my friends, family, and some coworkers I had about $350MM.
Worked out l to be about $19.8mm per year purely from the projected appreciation of such a stack so I could keep it going forever.
Suppose you don't get to be a billionaire by being loose with your cash, but it's amazing how little they actually donate considering how losing $100MM wouldn't be felt at all.