PersonalFudge9059 t1_ixrdih0 wrote
Reply to comment by sathingtonw in Nashua Soup Kitchen receives $1.25 million grant from Bezos fund. What do you all think of this? by Environmental3rdEye
Elon Musk had to get backing from multiple lenders, because he cannot, or ever will have 44B available to him. But donating 1.25M to any valuable charity is worth giving some amount of praise and thanks, because that is more than likely from his own pocket. Also, getting loans against your shares still lands you in the same hot seat as it would if you sold shares, why do you think Tesla shareholders were furious with Elon for that purchase? Because those shares will have to be sold at some point to pay the loan….
sathingtonw t1_ixuw9wy wrote
According to Reuters Musk borrowed 13B to buy Twitter so he personally paid like 31B. You're right, these billionaires are penniless 😢 it's so hard for them to get money! someone should be donating this soup kitchen money to them instead!
Listen, in a world where Jeff Bezos exists. I prefer to live in the one where the soup kitchen gets the money rather than not. But let's also not pretend he's doing this for any other reason than PR or some tax avoidance scheme.
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