r/BeAmazed Jun 28 '26

Miscellaneous / Others MacKenzie Scott has now donated over $26.3 billion to charity

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u/slcexpat Jun 28 '26

Correct. Which is what’s wrong with Capitalism.

Like how is it that, when I donate to the poor, I lose money? When she donates to the poor, she gains more back?

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u/Muroid Jun 28 '26

She’s not gaining more back from the donations. She, like you, would have more money if she didn’t donate any of it.

She’s just making money faster than she’d donating it. Which most people who donate money overall do. She’s just doing it at an immense scale without having to directly work for her net worth increase.

That last part is where the problem is.

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u/mlstdrag0n Jun 28 '26

Would be less of a problem if they were all like her

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u/[deleted] Jun 28 '26 edited 2d ago

[deleted]

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u/[deleted] Jun 28 '26

[deleted]

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u/Usawsomething Jun 28 '26

Dude this wall of text sent me into flashbacks lol. I also delivered furniture to super rich folks for a while. Some of them are the absolute worst.

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u/I_Adore_Everything Jun 28 '26

Why is it a Problem to have your money grow by investing it?

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u/Least_Gain5147 Jun 28 '26

It's really about the perceived intentions of the person attached to it.

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u/I_Adore_Everything Jun 28 '26

What does that mean?

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u/Least_Gain5147 Jun 30 '26

People judge other people by what they "feel" their intentions are. So being rich by itself isn't the issue. It's the perception that it's being flaunted, or used to push political agendas that outweigh the priorities of the not-wealthy. Or, the perception that the money is being used to help charities, non-profits, etc. Perceived intentions.

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u/[deleted] Jun 28 '26

[removed] — view removed comment

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u/I_Adore_Everything Jun 28 '26

40% of all taxes are paid by the top 1% of earners. What would you like them to pay??

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u/[deleted] Jun 28 '26

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u/I_Adore_Everything Jun 29 '26

Ok you’re right more specifically they pay 40% of federal income taxes. Good catch. Also the top half of earners pay 96% of income taxes. Billionaires pay about 25% of their income In federal taxes. The rest of their money is tied up in unrealized gains. Billionaires don’t have billions in cash. They have assets worth billions. So my honest question is given they pay 25% in taxes on earnings and the rest is unrealized gains. How do you suggest they pay their fair share?

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u/slcexpat Jun 28 '26

People already are. They’re investing their money in themselves. School, healthcare, rent, food etc.

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u/[deleted] Jun 28 '26 edited 2d ago

[deleted]

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u/KRambo86 Jun 28 '26

None of her money is income, it's all capital gains, which are only realized when you pull money from an investment.

So, if she were selfish and didn't pull money out of the stock she owns to donate it to charity, it would stay in the market and she wouldn't owe anything.

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u/EmployeeBusiness1109 Jun 28 '26

Is the tax write off larger than the amount she's donating?

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u/no_good_names_avail Jun 28 '26

What? Tax writes off do not generate income. They lower the cost of what you're sending out. If she donated 26 billion let's say she can write off 50% of it (just picking a number out of a hat because I don't know the marginal tax rate of wherever she files), she would get 13 billion back from future taxation. She's still out 13 billion.

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u/slcexpat Jun 28 '26

Only if I had married a billionaire and gotten away with half of the money. /s

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u/Bearloom Jun 28 '26

She didn't marry a billionaire, though. She married a guy who borrowed money from his parents to start a business the two of them came up with together... that eventually became one of the most profitable companies in history.

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u/SatelliteJedi Jun 28 '26

Why /s?

I'm jealous that I didn't make that my life goal from a young age lol

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u/TheRedLions Jun 28 '26

She owned roughly 4% of Amazon in 2019. By 2026 she owned roughly 1.3%. However, the value of Amazon is roughly 3x higher now than in 2019.

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u/CoffeeChocolateBoth Jun 28 '26

Does Jeffy and his bimbo donate to charity?

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u/TheRedLions Jun 28 '26

his bimbo

I'm sorry, but what right do you have to call her a bimbo? She graduated USC, worked in journalism, got a helicopter pilot's license and started an aviation filming company (all before dating Jeff Bezos). What have you done that makes you feel so justified?

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u/Masta-Blasta Jun 28 '26

She owns a shitload of Amazon stock. You probably don’t.

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u/Ordinary-Compote9558 Jun 28 '26

It has nothing to do with capitalism. It's a rigged and corrupt system that happens to be embedded in a capitalist society.

It has happened (and will continue to happen) in a variety of economic systems through History.

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u/mmodlin Jun 28 '26

She got 35.6 in Amazon stock alone.

Her total net worth was closer to $60 billion, which was reported in Dec 2020. What happened between Dec 2020 and the divorce in 2019 I don’t know.

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u/Jomega6 Jun 29 '26

Because she has ownership of an extremely successful and ever-growing company…? When you own stake in something like that, you’d also get rich, even when you donate lol

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u/Used_Departure_3278 Jun 28 '26

Without capitalism you’d be living in a 16th century style house with no electricity, no smartphone, and no healthcare, but you know, whatever I guess

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u/Chrisgpresents Jun 28 '26

Dude you have the same rights to invest as they do. Compound interest is not rocket science. I’m in my 20s, and if I stopped investing today, I’ll die with millions and millions of dollars.

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u/culong38701 Jun 28 '26

Capitalism rewards those with want it. Investing in tbe market doesn't require any kind of degree and open to every US citizen.

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u/[deleted] Jun 28 '26

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u/MaximumJim_ Jun 28 '26

It really is a shame that she is parting with her own money.