this post was submitted on 02 Dec 2025
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Billionaires can fuck right off. I didn't post this to celebrate their "philanthropy". I posted it to read your comments.

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[–] andrewta@lemmy.world 3 points 1 day ago (3 children)

So they are donating money to help kids? Am I missing something?

[–] TheFogan@programming.dev 14 points 1 day ago (1 children)

I mean I guess the concept is that they are using a system that may not be so well trusted. On the surface there is some potential good, but it boils down to the government buying stocks. The fact that they are index funds make it a little less daunting, but at the end of the day it's kind of a door to stupid corruption. IE company bribes politicians, government chooses index funds to drive up the stock prices they want. Stocks they want go up... politicians and croneys dump their stock in them at a high price, those stocks go down.

[–] Proprietary_Blend@lemmy.world 1 points 21 hours ago

Only red politicians! You'd better be specific around here.

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