Jeff Bezos commits $10 billion to fight climate change

Byakuya769 · Feb 17, 2020

This is like when Piccolo fought Raditz or Dr. Doom helps out the Fantastic Four.

Pretty worthless to try and unlock immortality in order to rule over a planet whose ecology has colllapsed.

Jebusman · Feb 17, 2020

Chairman Yang said:
Where do the investment returns go? To him? Or to the fund?

The answer is technically both. The fund is an extension of his wealth, its counted as an asset under his control.

Wackamole · Feb 17, 2020

That's great. Hope the money will be spent wisely.

QuigleyMcShine · Feb 17, 2020

Good start.

But we'll see what organizations end up with this money and over how long a period of time it takes to donate it. The problem with hoping billionaire philanthropy will save us is that it's inherently undemocratic. A few people get an outsized influence over what solutions get funded.

meowdi gras · Feb 17, 2020

Lmao, you guys are such easy marks. It's no wonder economic inequality is worse than it's ever been.

$10 billion is great and all, but we shouldn't ignore what the cost to us is going to be.

SnakeXs · Feb 17, 2020

Jebusman said:
He hasn't actually lost 10B. He literally just moved it from the scrooge McDuck money vault to the "climate change" money vault. The fund, because it's an investment fund, will generate income to offset the small amounts he gives out per year, because it's not just going to be 10B in a day, it's going to be like "50m over 5 years for you, 100m over 4 years for you". He generates wealth from the fund, while simultaneously claiming on his taxes that he donated 10B to wipe out any potential taxes he would've had to pay

He literally gets richer by claiming this, and it takes years (if not decades) before 10B is actually given out to the causes.

WhoTurgled · Feb 17, 2020

Lets just take it all imo

Video Games Are Dumb · Feb 17, 2020

Volimar said:
Does that even offset Amazon's carbon footprint?

You know it doesn't.

StrangerDanger · Feb 17, 2020

Jebusman said:
He hasn't actually lost 10B. He literally just moved it from the scrooge McDuck money vault to the "climate change" money vault. The fund, because it's an investment fund, will generate income to offset the small amounts he gives out per year, because it's not just going to be 10B in a day, it's going to be like "50m over 5 years for you, 100m over 4 years for you". He generates wealth from the fund, while simultaneously claiming on his taxes that he donated 10B to wipe out any potential taxes he would've had to pay

He literally gets richer by claiming this, and it takes years (if not decades) before 10B is actually given out to the causes.

This. For everyone still putting their blind faith in billionaire's

Aurizen · Feb 17, 2020

The price is ambitious. But What will it plan to do? We're gonna need action and not more "research" and "data" on how fucked we are.

AndrewDean84 · Feb 17, 2020

SnakeXs said:
Fuck you, pay taxes.

While I do agree, I also trust him to do better with the money than the U.S. Government.

Saifu · Feb 17, 2020

Is that even 10% of his wealth?

Maximo · Feb 17, 2020

Jebusman said:
He hasn't actually lost 10B. He literally just moved it from the scrooge McDuck money vault to the "climate change" money vault. The fund, because it's an investment fund, will generate income to offset the small amounts he gives out per year, because it's not just going to be 10B in a day, it's going to be like "50m over 5 years for you, 100m over 4 years for you". He generates wealth from the fund, while simultaneously claiming on his taxes that he donated 10B to wipe out any potential taxes he would've had to pay

He literally gets richer by claiming this, and it takes years (if not decades) before 10B is actually given out to the causes.

It amazes me how thick skull some people are to not understand this.

Saganator · Feb 17, 2020

He could do a lot more just by changing some company policies. They're such a massive retailer they could force companies to stop/cut back wasteful packing practices in order to sell on their platform.

Sei · Feb 17, 2020

Yeah good, but still tax him appropriately too.

m_shortpants · Feb 17, 2020

SnakeXs said:
Fuck you, pay taxes.

Yes but to play devil's advocate...if he paid more taxes I doubt the Trump administration would be making good use of it to offset climate change or do anything to impact wealth inequality. Hopefully that changes in November.

bad poster · Feb 17, 2020

Smoothcb said:
Exactly. When I'm as rich as Bezos, I will prefer to make sure my $$ go to proper charities/initiatives and not leave it up to the government's discretion.

right, it's important that this kind of power has no democratic oversight

lt519 · Feb 17, 2020

Icolin · Feb 17, 2020

Twstr709 said:
That's ERA for you.

sorry that i'm not licking the boots of a horrible billionaire who's only doing this to soften his image and...uh, this:

Jebusman said:
He hasn't actually lost 10B. He literally just moved it from the scrooge McDuck money vault to the "climate change" money vault. The fund, because it's an investment fund, will generate income to offset the small amounts he gives out per year, because it's not just going to be 10B in a day, it's going to be like "50m over 5 years for you, 100m over 4 years for you". He generates wealth from the fund, while simultaneously claiming on his taxes that he donated 10B to wipe out any potential taxes he would've had to pay

He literally gets richer by claiming this, and it takes years (if not decades) before 10B is actually given out to the causes.

JasonV · Feb 17, 2020

bad poster said:
right, it's important that this kind of power has no democratic oversight

Amazed that people are still falling for the private charity over public accountability thing. 50 years of conservative propaganda will do that I guess.

onpoint · Feb 17, 2020

Wow this is great! Good for him finally making an altruisti--

Jebusman said:
He hasn't actually lost 10B. He literally just moved it from the scrooge McDuck money vault to the "climate change" money vault. The fund, because it's an investment fund, will generate income to offset the small amounts he gives out per year, because it's not just going to be 10B in a day, it's going to be like "50m over 5 years for you, 100m over 4 years for you". He generates wealth from the fund, while simultaneously claiming on his taxes that he donated 10B to wipe out any potential taxes he would've had to pay

He literally gets richer by claiming this, and it takes years (if not decades) before 10B is actually given out to the causes.

Had a feeling there'd be a catch.

Icolin · Feb 17, 2020

JasonV said:
Amazed that people are still falling for the private charity over public accountability thing. 50 years of conservative propaganda will do that I guess.

so many ppl in this thread STILL putting blind faith in billionaires despite fucking us over repeatedly, depressing as hell.

Randomly Generated · Feb 17, 2020

m_shortpants said:
Yes but to play devil's advocate...if he paid more taxes I doubt the Trump administration would be making good use of it to offset climate change or do anything to impact wealth inequality. Hopefully that changes in November.

To play devil's advocate further, if Trump wasn't president Bezos still wouldn't want to pay appropriate taxes.

Avitus · Feb 17, 2020

Saifu said:
Is that even 10% of his wealth?

It doesn't cost him anything.

CortexVortex · Feb 17, 2020

That's awesome to hear.

Sunster · Feb 17, 2020

the rich won't save us. all he did was move some money around.

Kurdel · Feb 17, 2020

Wackamole said:
That's great. Hope the money will be spent wisely.

Technically these kinds of foundations aim to not spend ANY of the money.

They use the full sum as an investment portfolio, and then use the revenue generated from that as their budget to spend.

Unless this one will be radically different, this is a shelter for 10 billion$ and a lot of good PR for him. Maybe good will come out, that would be neat, but never as much good as spending 10 billion dollars right now on this issue. Making you think this is exactly what he is doing is part of the spin and propaganda.

Everybody Lies · Feb 17, 2020

Unless he is going to be putting that money toward getting climate conscious politicians elected, it's a band aid on an ax wound.

Maximo · Feb 17, 2020

This needs to be watched still by some people in this thread.

Snagret · Feb 17, 2020

Jebusman said:
He hasn't actually lost 10B. He literally just moved it from the scrooge McDuck money vault to the "climate change" money vault. The fund, because it's an investment fund, will generate income to offset the small amounts he gives out per year, because it's not just going to be 10B in a day, it's going to be like "50m over 5 years for you, 100m over 4 years for you". He generates wealth from the fund, while simultaneously claiming on his taxes that he donated 10B to wipe out any potential taxes he would've had to pay

He literally gets richer by claiming this, and it takes years (if not decades) before 10B is actually given out to the causes.

Like, he's literally one of the greediest people on the planet and his company has already done enormous damage to the environment. This "donation" and messaging is basically just propaganda. The rich would rather invest in retaining their positions of wealth and power in a post-ecological collapse scenario because that's much more of a sure bet than spending their money reversing the damage that's been done. I do not at all trust that Bezos is any kind of exception.

DavidDesu · Feb 17, 2020

If he was taxed like rich people used to be then I guess he'd have given up about 60 billion?? That's a better figure, and he'd still have 60 billion. I don't think he'd go hungry with that left over. Obviously you'd need a sensible government who would spend that on saving the planet and giving people good healthcare rather than it mysteriously vanishing into the military industrial complex.

Alcoremortis · Feb 17, 2020

I don't think charity or foundations are really going to be the ultimate solution to this issue. It's so widespread and affects so many industries that either everyone needs to simultaneously wake up and become less greedy or government needs to intervene and regulate.

But I guess $10B might have a cultural impact by telling other rich people the richest guy around doesn't buy into moving to another planet or hiding in a bunker as viable solutions?

Walter White Walker · Feb 17, 2020

If he's being sincere it's a good move that will hopefully result in some positive differences.
He doesn't strike me as being at all sincere about anything, though.

Wackamole · Feb 17, 2020

Kurdel said:
Technically these kinds of foundations aim to not spend ANY of the money.

They use the full sum as an investment portfolio, and then use the revenue generated from that as their budget to spend.

Unless this one will be radically different, this is a shelter for 10 billion$ and a lot of good PR for him. Maybe good will come out, that would be neat, but never as much good as spending 10 billion dollars right now on this issue. Making you think this is exactly what he is doing is part of the spin and propaganda.

Could very well be true. But i can only hope this money will actually be spent on this. We definitely need some ultra rich to do some heavy lifting.
I don't have much faith in humanity but i do have some left. So let's wait and see. And hope. And hope some more ;).

Ploid 6.0 · Feb 17, 2020

I can't see the embed, I'm guessing he's opening a charity where that 10 bill will be used how he sees fit. Better than nothing, and will surely be a big tax write off thing, like Mark Zuckerberg giving half to his own charity before going to the house floor, and Bezos' wife half on charity.

meowdi gras · Feb 17, 2020

Voltaire said:
Everytime it works... Bullshit philantropy with what pretty much amounts to blood money and people trip over themselves to congratulate their latest hero billionaire

Jeff Bezos 2024!!

Maximo said:
It amazes me how thick skull some people are to not understand this.

Icolin said:
so many ppl in this thread STILL putting blind faith in billionaires despite fucking us over repeatedly, depressing as hell.

People who delude themselves into believing they'll also be filthy rich someday don't like to criticize their role models.

Kurdel · Feb 17, 2020

Wackamole said:
Could very well be true. But i can only hope this money will actually be spent on this. We definitely need some ultra rich to do some heavy lifting.
I don't have much faith in humanity but i do have some left. So let's wait and see. And hope. And hope some more ;).

Just like Bill Gates foundation doesn't give any of his money away, don't hold your breath that this account will ever go less than 10B.

Tom Penny · Feb 17, 2020

That's it?

Älg · Feb 17, 2020

First you steal money from the public through tax avoidance, then you give a little bit of it back to appease the peasants. Now they can't complain because you're so charitable! An actual huge brain on this lad.

Wackamole · Feb 17, 2020

Kurdel said:
Just like Bill Gates foundation doesn't give any of his money away, don't hold your breath that this account will ever go less than 10B.

Don't worry, i know Era's stance on this. And i know how it works. I just like to think something will come out of it.
It's so weird. These people can make themselves the hero of time with that kind of money.

Legacy · Feb 17, 2020

Is that enough money for EtcetEra, or are people still going to call him out?

Wamb0wneD · Feb 17, 2020

It's a good start, but at the same time you can't forget where that money is actually coming from.

NarohDethan said:
Always remember that this will be funded by the literal sweat, blood, piss and shit of the workers in Amazon's warehouses.

Pretty much.

Deleted member 1248 · Feb 17, 2020

Legacy said:
Is that enough money for EtcetEra, or are people still going to call him out?

Fuck Jeff Bezos.

Wamb0wneD · Feb 17, 2020

Legacy said:
Is that enough money for EtcetEra, or are people still going to call him out?

Personally, I never had a problem with the fact he got a shitton of money, it was more the ways he got to that money that were bothering me. That didn't change with this announcement.

Ravelle · Feb 17, 2020

Legacy said:
Is that enough money for EtcetEra, or are people still going to call him out?

Yes because I don't see him putting up a a fair fight.

HaL64 · Feb 17, 2020

Don't believe this tripe.
It takes immediate government action to halt climate change, not a billionaire's willy nilly, so he can pay less in taxes, donations over decades.

Kurdel · Feb 17, 2020

Legacy said:
Is that enough money for EtcetEra, or are people still going to call him out?

We are on page 6 buddy, if you want to know what people think about him and this stunt you don't have to guess

Avitus · Feb 17, 2020

Legacy said:
Is that enough money for EtcetEra, or are people still going to call him out?

It's enough if you're completely clueless as to how billionaires utilize their assets. Not coincidentally, Bezos is banking on people just like you biting.

Ultryx · Feb 17, 2020

$10 B is a fuck ton of money. I think this is awesome.

Icolin · Feb 17, 2020

Legacy said:
Is that enough money for EtcetEra, or are people still going to call him out?

nice job bootlicking while ignoring all the posts ITT explaining how bullshit this donation is 💯💯💯

i hope senpai notices y'all someday

Jeff Bezos commits $10 billion to fight climate change

Attempted to circumvent ban with alt account

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