4.9 • 654 Ratings
🗓️ 31 May 2024
⏱️ 45 minutes
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0:00.0 | Yeah, technology. |
0:03.0 | What is it all about? |
0:04.5 | When I was working for President Obama and we were trying to get companies more involved in improving K-12 STEM education, |
0:13.9 | one of the companies said to me, I feel like I'm trying to put out a forest fire with my individual eyedropper. |
0:20.5 | So I think there are some areas where |
0:22.4 | there's strength in numbers that, you know, rather than having a large number of small programs, |
0:29.9 | you know, better to have a smaller number of at-scale programs which can make a serious level of |
0:36.1 | investment that is commensurate with the |
0:38.6 | sizing complexity of the problem. |
0:53.0 | Hello and welcome to Danny in the Valley. |
0:56.5 | This week, we're talking about billionaires, specifically, what those billionaires and, |
1:03.7 | you know, centimillionaires are or are not doing with all that money. |
1:09.4 | So a couple quick facts. |
1:11.2 | Between American Europe, there's about 1,200, 1,300 billionaires. |
1:16.9 | And the top 1% of the wealthiest people in the world globally own nearly half of the world's assets, about 43%. |
1:28.1 | And yet, most of them aren't doing much good with it. |
1:32.8 | According to a study of Americans with at least $500 million in net worth, |
1:38.6 | they have dedicated just over 1% of their wealth to charitable giving. |
1:45.5 | This week's guest is trying to change all of that. |
1:50.0 | Tom Khalil has had a long and storied career in Washington, D.C. |
1:53.7 | He worked for both Bill Clinton and Obama, the Obama White Houses, |
1:59.1 | where he spearheaded a bunch of different efforts to match government funds |
... |
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