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Bill Gates to give away 99% of his wealth in the next 20 years (www.gatesnotes.com)

submitted 1 day ago by [email protected] to c/[email protected]

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One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today.

In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them.

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[–] [email protected] 6 points 1 day ago (1 children)

He could do that. Easily.

But he won't.

[–] [email protected] 3 points 1 day ago

There's an estimate floating around that it would cost about $20 billion to end all homelessness in the US. Whether or not that's an accurate estimate, there is an amount that could do it, and every day that billionaires wake up and choose not to do it they choose evil.