Elon Musk, the richest man in the world who earned $ 36 billion Monday alone, With just 2% of its resources, could save 42 million people worldwide from starvation, according to the UN’s global hunger expert. But if Musk gets other American billionaires to get in with a portion of their wealth, he doesn’t need to pony up the full 2%..
“Governments have been tapped out. This is when billionaires need to step up Now on a one-time basis – সাহায্য 6 billion to help 42 million people who would literally die if we didn’t reach them. It’s not complicated, “David Bisley, executive director of the UN World Food Program, told CNN. Tuesday.
“I’m not telling them to do it every day, every week, every year,” Basley continued. “We have a one-time crisis. We have conflicts, climate change and a perfect storm of cowardice. ”
“I found 43 countries where 42 million people are in IPC Level Four,” Bisley said. “XuHelp me with them once, it’s a ট্যাগ 6 billion value tag. “
IPC refers to the Integrated Food Security Phase classification, one way Measure appetite Among the world’s population: 1) minimum / none, 2) stressful, 3) crisis, 4) emergency, 5) disaster / famine. Level four is clearly an emergency for these people.
“I’m for people to make money, but God knows I’m also there to help people who are in dire need right now,” Bisley told CNN. “My God, people are dying there.”
500 rich Americans Added 1.8 trillion For assets accumulated by them in 2020, but in the case of federal income tax, some of these same individuals have been paid less than the average American. Musk, for example, paid exactly $ 0 as federal income tax in 2018, according to Proposal. And like in 2015 and 2017 when he paid taxes at all, it was less than $ 70,000 per year.
What kind of charities actually donate its money in a certain year? Like other billionaires like Bill Gates, Musk has his own charitable foundation, And like Gates, he uses it as a tax haven. News channel Quartz Conducts an analysis of Musk’s charitable donations towards the end of 2020 and finds that Musk has given in to this নিজের 257 million to his own foundation, the Musk Foundation, An absolute patent for him whose value is $ 289 billion.
So far, the Musk Foundation has donated at least $ 257 million, most of it to Tesla stock. And its grants have grown in turn: Between 2016 and 2018, the Musk Foundation disbursed $ 65 million, which is slightly more than the minimum (5% assets) the foundation must distribute annually to avoid IRS fines. The Foundation’s most recent filing (tax year 2017) shows that most contributions went to nearly 200 nonprofit organizations focused on education, healthcare, community services, the environment and space.
And as Quartz explains, sending money to your own charity is actually a great way to increase wealth rather than handing it over:
Musk is pursuing a strategy that the super-rich in technology (and elsewhere) have been following for years: create a donor-advised fund for your donations. These are like checking the accounts of wealthy donors where funds can be tax-free and grants can be directed anonymously over time. Fidelity Charitable, now the richest nonprofit in the United States, calls it the “easiest and most tax-friendly” way to donate. They have grown so much that they are now a new source of Wall Street profits.
Here’s a unique opportunity for guys like Mask and Jeff Bezos and Bill Gates to get on the plate and literally save millions of lives. All they have to do is hand over a small portion of their wealth to the people on the brink of starvation.
Did you say, friends? Can you help humanity? You don’t even have to give up your dream of masturbation to leave your planet. You have a lot of money left over for your escape plan, we promise. Just do this for us. You can really make money from the Covid-19 epidemic.