If I give away $1,000,000 in unrealized gains I get either nothing,

This is the last time I will respond to you - you simply are not understanding.

They are not giving away the money the same way as you or I do when we donate to charity.
They give the money to themselves!!!

The foundation is in their name and they are in charge of how that money gets used.
Money is power and influence. They can do a lot with that money.

Look at that infographic I posted above as a reply to another commenter.
Bill Gates uses his foundation to donate to companies that benefit his existing stock investments.
https://www.thenation.com/article/society/bill-gates-foundation-philanthropy/

If it’s super important for you to have the last word and you wish to respond, go for it.
I am not going to reply to you anymore because you are failing to understand.

What makes high-end philanthropy different from low-end philanthropy?

When you donate something to a charity (money or physical objects) do you then get to keep using the money or objects? No, you no longer have them in your possession - you have relinquished control of it.

The rich set up foundations called a Donor-advised fund
It is: a public charity, where an individual can make a charitable gift to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time.

Ask yourself why every single billionaire starts his or her own charity instead of giving to the thousands that already exist. Because once it is gifted like that it no longer belongs to them. They are literally donating money to themselves and avoiding taxes.

Then they didn’t actually give the money away, and they still aren’t saving or making more money themselves by doing that.

No capital gains tax is being paid!
They aren’t selling 100 million in stock, paying the capital gains tax and then giving $80 million cash to the charity.
They are gifting $100 million in shares.

So, you keep claiming they aren’t saving - yes, they are! They pay no capital gains tax!

Please, if you would like to reply again do so with a link which proves what I just stated as false. Thanks.

Signing the pledge doesn’t duck you out of any taxes.

1. They transfer stock to their charitable foundation.
2. No capital gains taxes are paid.
3. Charity gets full value of stock.
4. Billionaire donor gets a tax deduction on that year’s taxes.
5. Charity is a tax exempt charity and never pays taxes when they choose to sell the stock.
6. Unlike any other charity, the charity is owned/ran by them so they dictate how the money gets used including paying themselves, friends, family administrative salaries if they choose.

No taxes paid and a tax deduction was earned AND the money is still in their control.

Example of Tax Savings on Donated Stock

Warren Buffett and Bill Gates created The Giving Pledge, a legally binding agreement to give at least half of their wealth to philanthropy by death or through last will and testament. It currently has over 240 signatures from over 30 countries.

Bill Gates donates to companies that benefit his existing stock investments.
https://www.thenation.com/article/society/bill-gates-foundation-philanthropy/

I feel the reason she is being used as an example

Rihanna is right there in the same picture and not a single person is commenting on her.

I don’t think she is being used as an example - I think people hyper-focused on the image of her
and don’t understand “no good billionaires” means not a single one - not Swift, not Rihanna, not Jay-Z,
not Selena Gomez, not George Lucas, etc…

If the entire human population was just 100 people stranded on an island in the Pacific, would we allow
1% (which in this case would just be 1 person ) to own 95% of all the resources? Hell No!

World’s top 1% own more wealth than 95% of humanity

Can we negotiate to $500 million as a compromise?

As soon as all the homeless who want help get help then sure.
As soon as workers are paid fairly and not exploited.
As soon as people aren’t dying because they can’t afford life saving medicine.

Look, the rich spend their excess money on stupid shit.
Like Gabe Newell owning 6 yachts.
Like that story of Kim Kardashian flying to Paris just for some cheesecake that she really likes.
Like Nic Cage spending millions on a T-Rex skeleton.

All that money could have went to food banks or social programs.

So, rewarding inventors and company founders with excess wealth
doesn’t benefit society and it really doesn’t benefit them other than
their ego.

CTRL + F thread for Rihanna = Phrase not found

No one has anything to say about Rihanna, or Jay-Z, or Paul McCartney?

Rihanna’s worth more than Taylor Swift

Everyone’s hyper-focused on Taylor Swift and Rihanna is in the same pic.

WTF? Do you not understand that 1000 million = 1 billion?

Elon Musk’s net worth has increased by $104 billion since the election on November 05, 2024.

Musk is worth around $232 billion

You are only off by $130 billion dollars!

Musk is worth $362 billion now. > https://www.bloomberg.com/billionaires/

His net worth has increased by $132 billion in calendar year 2024. His net worth has increased by $104 billion since the election on November 05, 2024.

Note: The Bloomberg Billionaires list is updated daily at the close of every stock market trading day.

but it’s assumed that everyone involved is innocent.

The Wikipedia article for Trolley Problem states that there is a version called “The Fat Villain” so I think that fits here and is still a version of the trolley problem.

but one dead CEO isn’t going to do anything.

You are right about that. But if CEO deaths started matching school shooting numbers things would likely change.

What do you call an American health care CEO dead on the street in Manhattan?

Your comment is about a past event.

My post is using that past event to comment about how if insurance industry reform doesn’t happen the people who believe “all lives matter” in every possible scenario are not going to see more lives saved. In effect, if there was a trolley problem before them they would opt out from doing anything at all.