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Preview: Comments on PHILANTHROPY 2173: How to completely abrogate public responsibility

Comments on PHILANTHROPY 2173: How to completely abrogate public responsibility





Updated: 2017-12-07T23:30:12.337-08:00

 



$175bn won't go near funding the Iraq War. In his ...

2007-04-18T20:56:00.000-07:00

$175bn won't go near funding the Iraq War. In his Reith lecture for the BBC last week, Sachs quotes $650bn cost for one year of the Iraq War and contrasts this with the $4bn the US is contributing to African aid.

It seems like a neat idea to get 5% from 950 people who won't feel the cost. I just can't see it happening on a systemic scale.



Great observation. Maybe the challenge should be ...

2007-04-18T14:48:00.000-07:00

Great observation. Maybe the challenge should be to think of how to get those 950 billionaires to really participate in a shared public commitment. The trend of public policies in the U.S. at least has been the opposite, to reduce the requirements of citizenship on those who, ironically, both have more to repay and are best able to do it. Sachs's observation puts the enormous potential power of these billionaires in stark relief. What if they turned the tables and started using their substantial philanthropic power as leverage to attract matching commitments from governments of the major economic powers?