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Notes -
I was talking more about 'burning' wealth as a means of keeping it from being captured. Like if your foundation has a vault full of cash, you instruct your successors to set it on fire before they let it fall into the hands of your enemies.
I DO agree that money put into the hands of ideological activists and layabouts will eventually find its way into the hands of more productive people.
Sort of, except the most immediate tangible benefits are accruing to people that aren't going to apply it towards your preferred goals. No reason to 'reward' them for failing to uphold your mission.
I think I can also take the flip side of all this too.
MORE organizations should be set up to dissolve once they either complete their goals or fail to complete those goals after a long time trying. If I set up the "Eliminate all Homelessness in [local town] Foundation" whose goal is to solve the very tangible, discrete problem of homelessness in my hometown, and there is still homelessness in that town 15 years later... I'd consider the endeavor a failure and close up shop.
Or take a Company that was set up to produce a particular product that is now completely obsolete and unneeded by the modern economy. Is it better for them to try and pivot or adapt to produce some new product to continue operating, or is it more honorable for the people operating the company to notice that the business has run its course, and it would be appropriate to wind things down and disperse the working Capital to the shareholders?
Why is the 'standard' lifecycle of a Corporation one that usually ends in a bankruptcy proceeding rather than a voluntary dissolution when it becomes clear that there's no path forward? I'm sure there's good rationales for it, I'm just curious.
That runs into the other issue of any organization ultimately becoming staffed by people whose livelihood is dependent on keeping the org going even at the cost of its intended mission.
SO, if I were a Billionaire maybe I'd take a very different track and fund a dozen or so orgs with $100 million each with the explicit goal of fixing some small and tractable issue using those funds, and have STRICT instructions that any given organization is to be dissolved and the funds dispersed at random once [Problem] is fully solved OR 25 years have passed and problem has not been solved.
Would probably have to design it so performance bonuses would be dispersed to the people operating the org if they can solve the problem quickly, since otherwise the incentive is drag things out and eat up all the funds.
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