Elon Musk: It is difficult to give money away effectively if you care about outcome..

[Damocles]

Elon Musk says it's 'very hard to give away money effectively' if you care more about the outcomes than the optics of philanthropy

Elon Musk is the richest person in the world, but he says it's still hard to give away money to do good.

"When it comes to donations, I'd say it is very difficult to give away money effectively," Musk said in a recent conversation with Mathias Döpfner, the CEO of Insider's parent company, Axel Springer.

When asked about the goals of his foundation, Musk said he cares more about the outcomes, not optics, of philanthropy. This, he says, makes it harder for him to give away money "effectively."

"If you care about the reality of doing good and not the perception of doing good, then it is very hard to give away money effectively," he said. "I care about reality. Perception be damned."

More at link...

https://www.businessinsider.com/elon...fexdXVe5wAfIxc

[cawacko]

I can't pretend to know what it's like to give away millions, or tens or hundreds of millions, but what he says makes sense to me. On one hand you'd think anyone who gives away that type of money cares about the outcome but then again maybe he's right that the optics are more important to some because its an ego thing.

[Damocles]

It is my first consideration when giving away money. It is important to me that the money gets to the folks I want to help rather than line the pockets of folks running the "organization" or for ads. I give away less money, because I have less, therefore I want it to have the best impact it can. I spend a LOT of time researching the organizations to which I donate money.

[Jack]

I agree with the 'optics' part of the Philanthropy. After a life of being a ruthless Capitalist, it would be nice to have multitudes praise you at your Death.

[ThatOwlWoman]

It is my first consideration when giving away money. It is important to me that the money gets to the folks I want to help rather than line the pockets of folks running the "organization" or for ads. I give away less money, because I have less, therefore I want it to have the best impact it can. I spend a LOT of time researching the organizations to which I donate money.

Most of us who regularly donate to various organizations do the same thing. Therefore, if nobodies like us can do it -- why can't the richest guy on the planet instruct his staff to do it as well? It's not that hard.

[Doc Dutch]

Elon Musk says it's 'very hard to give away money effectively' if you care more about the outcomes than the optics of philanthropy

Elon Musk is the richest person in the world, but he says it's still hard to give away money to do good.

"When it comes to donations, I'd say it is very difficult to give away money effectively," Musk said in a recent conversation with Mathias Döpfner, the CEO of Insider's parent company, Axel Springer.

When asked about the goals of his foundation, Musk said he cares more about the outcomes, not optics, of philanthropy. This, he says, makes it harder for him to give away money "effectively."

"If you care about the reality of doing good and not the perception of doing good, then it is very hard to give away money effectively," he said. "I care about reality. Perception be damned."

More at link...

https://www.businessinsider.com/elon...fexdXVe5wAfIxc

Agreed with Musk. Just throwing money at a money isn't always efficient or even beneficial. In some ways it's like trying to spot reduce fat on one's body: hard to do.

People gain and lose fat in reverse order. Losing fat requires a system solution, not just a targeted attack. Solving social ills are similar.

Unfortunately, too many people are impatient and, in America, the result is often one group attempting the targeted attack solution and the other group saying it's useless to even try. Neither of which actually helps solve the problem.

[Lionfish]

[TTQ64]

I can't pretend to know what it's like to give away millions, or tens or hundreds of millions, but what he says makes sense to me. On one hand you'd think anyone who gives away that type of money cares about the outcome but then again maybe he's right that the optics are more important to some because its an ego thing.

no

only a greedy person needs all that unearned stolen money he should be jailed!

[TTQ64]

hes not a aa rolling my eyes fuckin white men think people are so stupid
only stupid white people listen to them

[Legion]

no only a greedy person needs all that unearned stolen money he should be jailed!

What a racist you are. You hate him because he's African-American.

[Phantasmal]

It is my first consideration when giving away money. It is important to me that the money gets to the folks I want to help rather than line the pockets of folks running the "organization" or for ads. I give away less money, because I have less, therefore I want it to have the best impact it can. I spend a LOT of time researching the organizations to which I donate money.

I do as well, same reasons.

[Matt Dillon]

Elon Musk says it's 'very hard to give away money effectively' if you care more about the outcomes than the optics of philanthropy

Elon Musk is the richest person in the world, but he says it's still hard to give away money to do good.

"When it comes to donations, I'd say it is very difficult to give away money effectively," Musk said in a recent conversation with Mathias Döpfner, the CEO of Insider's parent company, Axel Springer.

When asked about the goals of his foundation, Musk said he cares more about the outcomes, not optics, of philanthropy. This, he says, makes it harder for him to give away money "effectively."

"If you care about the reality of doing good and not the perception of doing good, then it is very hard to give away money effectively," he said. "I care about reality. Perception be damned."

More at link...

https://www.businessinsider.com/elon...fexdXVe5wAfIxc

Heyy! I like this guy!

[Matt Dillon]

I can't pretend to know what it's like to give away millions, or tens or hundreds of millions, but what he says makes sense to me. On one hand you'd think anyone who gives away that type of money cares about the outcome but then again maybe he's right that the optics are more important to some because its an ego thing.

That's most likely the case more often than not.

Ronald McDonald House is a good charity.

Black Lives Matter tried to barricade them and the caretakers in one of them and burn them all alive.

https://pjmedia.com/news-and-politic...-house-n782973

And if you think those riots weren't sponsored and organized by the left? You're not very smart.

[Legion]

[Legion]

I do as well, same reasons.

So you say.