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A comment on Chuck Feeney Is Now Officially Broke. Parent comment

Re:Chuck Feeney Is Now Officially Broke by dfxm12 on Tuesday September 15, 2020 @02:53PM (#24485238)
It's not about saving money. As this thread shows, charity is akin to a good PR move. Paying taxes is seen as neutral, at best. If you're "spending" either way, you might as well get something for it.
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Re:Chuck Feeney Is Now Officially Broke by triceratops on Tuesday September 15, 2020 @05:11PM (#24486747)
It's better than spending the money on yachts or luxury goods, which is the other way people signal status. I'm a big fan of conspicuous philanthropy over conspicuous consumption.
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