whole lotta people real concerned with Jack Ma's feelings, apparently.
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In case you were interested in other useful comparisons. 14% of Ma's wealth would double the CDC's annual budget for FY2019
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Wow what an awful evil person he is. Imagine donating $14,000,000 to a virus we know almost nothing about yet, at a shot in the dark a vaccine is possible and/or would help, and then getting flamed by people who likely donated $0.
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The point being made isn't that he could have donated more. It's that the wealth disparity is so great between the two examples given, that if we consider his donation as a percentage of a total; it roughly equates to a $33 from an average family.
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It would seem a generous amount for an average family to donate. If I knew a friend had donated that much to a cause I would congratulate them. Is there a positive side to this style of reporting I don't see? Why would discouraging charity giving be good?
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It’s a larger point about tax avoidance behaviors of the ultrarich. They are setting up a system where they pay almost no taxes & then win public support w/ their “generous” charitable giving. Better to tax them heavily & put toward the public good. Everyone would be better off.
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Or, you know, appreciate the fact that they gave anything at all and also the fact that absolute numbers like $14,000,000 actually matter.
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Right, so he should donate $37.95 billion because, in absolute numbers, the $50 million he'd have left is more than enough to live comfortably on for the rest of his life.
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It's even worse because $33 means the average American will give something up, a trip to MacDonald's with kids or a movie date with the wife...Jack doesn't miss his $14,000,000.00 one iota.
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Yep made same argument. At some point you cannot take advantage of extra wealth. Your marginal utility becomes nothing. So it's not generous in any shape or form as it has literally no impact on him or his family.
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