What exactly has been achieved with the billions MacKenzie Scott has given away? She seems to do very little vetting of the organizations she donates to. And upon a cursory inspection, they mostly seem like the kinds of organizations where most of the donor dollars go to white collar non-profit employees that produce little in the way of results, with very little going to needy people.
I feel like the billions might be better used to piggyback on government programs that have already identified need. For example, we could offer universal school lunch for an incremental $11 billion a year (on top of the $18 billion the government already spends). I bet a few of these “giving pledge” billionaires could just fund such a program in perpetuity.
Not really interested in arguing about whether or not she is giving her money away perfectly or to the best causes according to your (or my or anyone's) standards.
She gets credit from me for doing actual philanthropy instead of just cosplaying it for tax purposes, which has been the norm even for quite a few of the other "giving pledge" donors.
As far as bolstering government programs go, I'd love to see billionaires doing more in that area, but I'd also like to see us tax wealth properly to fund the government doing the government's job.
Also, we already “properly” tax equity wealth. We tax income at the time it actually exists. We don’t tax notional valuations.
It makes no sense to tax shares of e.g. SpaceX when the company is $42 billion in the hole. What’s really happening is that people wants to tax future income today.
What exactly has been achieved with the billions MacKenzie Scott has given away? She seems to do very little vetting of the organizations she donates to. And upon a cursory inspection, they mostly seem like the kinds of organizations where most of the donor dollars go to white collar non-profit employees that produce little in the way of results, with very little going to needy people.
I feel like the billions might be better used to piggyback on government programs that have already identified need. For example, we could offer universal school lunch for an incremental $11 billion a year (on top of the $18 billion the government already spends). I bet a few of these “giving pledge” billionaires could just fund such a program in perpetuity.