My theory is that humans are just not evolved for billionaire levels of wealth disparity. It's not a criticism, it just appears to be a fact.
Honest question: are there any "in touch" billionaires? Maybe Mark Cuban in some ways for example?
I know a few, but they're modest people and that's why I will not name them here, I will name one that is deceased, René Sommer, if you want to know more about him, I wrote about him here:
Gates didn't really change, he just used his fortune to whitewash his reputation. He's still smart and I would be happy read what he has to say but a nice person he isn't and never was.
It's getting harder and harder to find though. I should have saved offline compiled files.
It's a way to be able to keep investing his money without paying taxes.
It only spends the legal minimal amount for charity, 5% (way less than taxes that would go to build roads, hospitals and schools). The rest is invested in a portfolio that, by the magic of being in a non profit, can make billions without paying any tax.
Since he directs the charity, he can therefore move the capital where he needs it to, including founding Monsanto and weapon makers, which he had to withdraw from after people noticed that it was quite the opposite of the claimed foundation mission.
That's why most billionaires have some kind of charity: they keep all the power of their money, get good PR (which given that the wealth gap makes people grumpy, is a great shield) and they optimize their finance while people defend them.
The PR operations worked well: most people on the internet now believe that Gates is a good person. A statement that would have made anybody smile in the 90'.
To clarify, 5% of what? Of capital in the non-profit? Of revenue generated by the non-profit? Something else?
https://podcasts.apple.com/gb/podcast/part-one-the-ballad-of...