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Do they?
Somalia doesn't have to become Switzerland for debt relief to help them. What bothers me is you're just choosing to shit on struggling countries just for the hell of it, almost like you take enjoyment in their failures. It's pretty sick if you ask me. Decent people recognize the blessings they have and don't look down their noses at the less fortunate.And I posted that without the debt Somalia would succeed magnificently. And that really bothers you, you define that as shitting on them, your college did a good job on you.
Somalia doesn't have to become Switzerland for debt relief to help them. What bothers me is you're just choosing to shit on struggling countries just for the hell of it, almost like you take enjoyment in their failures. It's pretty sick if you ask me. Decent people recognize the blessings they have and don't look down their noses at the less fortunate.
Ethiopia is implodingDoes this mean Ethiopia gets sea access?
It would affect their lives, it would affect everyone.That was exactly what I was thinking. Guys like Buffett, Musk, etc. could literally pay off that debt and it wouldn't affect their lives in the slightest.
Bingo. There's plenty of money- it gets flushed due to carelessness, ignorance. Yes part of it is greed but I think our tax dollars getting burned is largely a result of incompetence and ignoranceI suspect the reason they have so much money is because they understand this is a flawed perspective. The way they apply their money is a more efficient way to help people, and do good, than to unscrupulously squander it on lost cause charity cases that will ultimately almost always just end up right back where they began.
No, in fact, there's absolutely no evidence that Bill Gates, for example, has saved or earned more money in tax breaks and donations than he has by giving it away through his philanthropic efforts.Applying their money more efficiently to help people? Give me a break. There is absolutely no evidence for this. If billionaires truly wanted to help people they would donate their money without insisting on full decision making control, but thats not what they do. People like Bill Gates and Jeff Bezos have so much money that investing that money to get a profit return has less utility for them than creating a charitable organization that they control which garners them influence, prestige, tax benefits, etc. One example of this is how deeply Bill Gates was involved in the covid vaccine process, there was absolutely NO reason a private citizen should've had that much say in a once in a hundred year global crisis, but he had that leverage due to his charitable foundations (which have the added benefit of getting him tax savings). Billionaire charity is a huge racket, it's just another power lever for them it has nothing to do with charity.