One of the strange effects of the through-the-looking-glass presidency of Donald Trump is just who passes for a national icon. There was, of course, the spectacle of Trumps inauguration, which was a parade of B-list entertainers and has-beens.Then there are the Cabinet appointees, many of whom would not be counted among the best and brightest even in the event of being sole survivors of a nuclear holocaust (not to give the president ideas).
And then theres our Peter Thiel.
Thiel has rushed in to fill the vacuum left by all the business leadersespecially in Silicon Valleywho want nothing to do with Trump. With his weird ideas and dangerous beliefs, Thiel would be not necessarily be thebest America has to offer despite his well-established business acumen and intelligence quotient.
The problem with Trumps presidency is that things that would have seemed well outside the realm of normal just a year ago are now commonplace. Before we get too much further into Trumps term, its worth notingjust how bizarre the landscape is when Peter Thiel emerges as a giant. Just compare him to a true American icon, Warren Buffett, a billionaire many times over who like Mark Zuckerberg has joined Bill Gates pledge to donate 90 percent of his personal fortunein his lifetime.
Buffett is known as the Oracle of Omaha and is widely considered one of the most successful investors in the history of capitalism. Hes considered such a natural treasure that in 2008 both Barack Obama and John McCain both floated his name as a potential Secretary of the Treasury. Hes the subject of a fascinatingnew HBO documentary, Becoming Warren Buffett. Listening to Buffett talk, its clear something has changed from the time the heyday of his values. Concepts of sharing, civic duty and moral responsibility to the less fortunate dominate his conversation, values that rarely if ever come up among the new class of rich dominating the Trump cabinet and his inner circle.
Just how different is this new classfrom Buffett? Here are six ways to remind us just how far the rich have fallen.
1. Philanthropy
Buffett has given billions to charity and promises to give another $66 billion away during his lifetime and in his will, mostly to the Gates Foundation, to address global disease. By contrast, Thiels foundation is focused on his pet causes: sea steading, ending death and encouraging young people to drop out of college to join the start up world even before they learn about the world.
2. Commitment to community
Buffett casts a large shadow over Omaha, which he loves. He has long been the citys biggest booster and gives back to his hometown. Thiel is largelyMIAin the Bay Area, and gets an earful from his more liberal counterparts whenever he does venture out.In fact, Buffett does more for Thiels hometown, auctioning off a lunch with himself for the Glide Foundation, a San Francisco homeless charity. We dont really know much about the remarkabletapestry of LGBTQ orgs, even in his hometown, because he rarely if ever mentions them.
3. Willingness to pay his fair share
Buffett complains that there is a class war underway and the rich are winning. Noting that he pays a lower tax rate than his employees, Buffett has said, How can this be fair?As a libertarian, Thiel is all about shrinking government to a fraction of its current size. Of course, that would mean some nice savings on Thiels tax bill, which he complains amountconfiscatory taxes.
4. Patriotism
During the darkest days of the 2008 financial crisis, Buffett stepped forward to invest in Goldman Sachs and General Electric, companies teetering on the brink. Buffetts investment sent a strong signal to the market that the U.S. economy would eventually emerge intact. Thiel is hedging his bets about this country with is dual citizenship in New Zealand. He declared on his citizenship application that no other country that aligns more with my view of the future than New Zealand.Right.
5. Belief in democracy
On Election Day, Buffett rented a trolley in Omaha and shuttled people to the polls to help increase voter turnout.Im really hoping we get this big turnout, justgenerally forgetabout which side they vote for, Buffett said.Thiel, on the other hand,has declared I no longer believe that freedom and democracy are compatible.
6.Rewarding others
Buffett would be the first to admit that hes made his share of mistakes. But on the whole, his track record is amazing. One thousand dollars invested with Buffett in 1964 would be worth about $12 million today, meaning hes helped not just himself the littleguy, too. The ones who invest their retirement savings in his funds.On the other hand, Thiels success rests largely on his PayPal and Facebook investments, which he largely hasnt duplicated. In fact, at one point he managed to lose90 percent of his hedge funds assets in just three years.
Read the original post:
6 things gay billionaire Peter Thiel could learn from straight ... - Queerty
- Seasteading Book [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Erwin Strauss - How to Start Your Own Country [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- David D. Friedman - Legal Systems Very Different From Ours [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- it's always ourselves we find in the sea [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- New Faces Mean New Developments at TSI [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- New Residential Cruise Ship - Samsung signs $1.1B LOI with Utopia Residences [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Sean Hastings - Experiences with HavenCo and SeaLand [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Ibsen on the sea [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Jim O'Neill - Health Innovation at the Frontier [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- The Seasteading Institute December 2009 Newsletter [Last Updated On: December 13th, 2009] [Originally Added On: December 13th, 2009]
- Russ George: Ocean Stewardship [Last Updated On: December 22nd, 2009] [Originally Added On: December 22nd, 2009]
- Eelco Hoogendoorn: Seastead Engineering Overview [Last Updated On: December 29th, 2009] [Originally Added On: December 29th, 2009]
- Happy 2009 From The Seasteading Institute! [Last Updated On: December 29th, 2009] [Originally Added On: December 29th, 2009]
- Mikolaj Habryn: Residential Shipsteading [Last Updated On: December 31st, 2009] [Originally Added On: December 31st, 2009]
- M.U.L.E. - steading [Last Updated On: January 13th, 2010] [Originally Added On: January 13th, 2010]
- Ephemerisle Documentary [Last Updated On: January 13th, 2010] [Originally Added On: January 13th, 2010]
- Jorge Schmidt - Legal Aspects of Seasteading [Last Updated On: January 13th, 2010] [Originally Added On: January 13th, 2010]
- James is ready to move! [Last Updated On: January 19th, 2010] [Originally Added On: January 19th, 2010]
- Seasteading is the cure for post-Avatar Depression? [Last Updated On: January 23rd, 2010] [Originally Added On: January 23rd, 2010]
- Dominique Roddier - Clubstead Engineering [Last Updated On: January 26th, 2010] [Originally Added On: January 26th, 2010]
- Engineering Parallels Between Ephemerisle & Seasteading [Last Updated On: January 29th, 2010] [Originally Added On: January 29th, 2010]
- Will Chamberlain - Thinking Structurally About Government [Last Updated On: January 29th, 2010] [Originally Added On: January 29th, 2010]
- Nice EEZ layer for Google Earth [Last Updated On: February 2nd, 2010] [Originally Added On: February 2nd, 2010]
- Na'ama Moran - Medical Tourism on Ships [Last Updated On: February 5th, 2010] [Originally Added On: February 5th, 2010]
- The Seasteading Institute February 2010 Newsletter [Last Updated On: February 6th, 2010] [Originally Added On: February 6th, 2010]
- Seoul, South Korea, Launches Floating Island [Last Updated On: February 14th, 2010] [Originally Added On: February 14th, 2010]
- Research Update: TSI Engineering Assessment Report (part 1) released [Last Updated On: March 2nd, 2010] [Originally Added On: March 2nd, 2010]
- Countries & Cruise Ships [Last Updated On: March 5th, 2010] [Originally Added On: March 5th, 2010]
- Viver no Mar (Living in the Sea) [Last Updated On: March 5th, 2010] [Originally Added On: March 5th, 2010]
- The Seasteading Institute March 2010 Newsletter [Last Updated On: March 12th, 2010] [Originally Added On: March 12th, 2010]
- WindWard Looks Seaward: Incremental Developments in Energy and Community [Last Updated On: March 18th, 2010] [Originally Added On: March 18th, 2010]
- Fun with Google Earth [Last Updated On: March 18th, 2010] [Originally Added On: March 18th, 2010]
- Website Downtime [Last Updated On: March 23rd, 2010] [Originally Added On: March 23rd, 2010]
- The Plastiki Sets Sail to Glorify Waste [Last Updated On: March 23rd, 2010] [Originally Added On: March 23rd, 2010]
- Internships at TSI [Last Updated On: March 26th, 2010] [Originally Added On: March 26th, 2010]
- Patri Friedman Appears on Freakonomics Podcast [Last Updated On: March 31st, 2010] [Originally Added On: March 31st, 2010]
- Seasteading R&D Company Looking For Investors [Last Updated On: April 2nd, 2010] [Originally Added On: April 2nd, 2010]
- The Seasteading Institute April 2010 Newsletter [Last Updated On: April 8th, 2010] [Originally Added On: April 8th, 2010]
- Pioneering Undersea Life in Legoland? [Last Updated On: April 10th, 2010] [Originally Added On: April 10th, 2010]
- TSI Argonauts: Benefits for Leading the Way [Last Updated On: April 22nd, 2010] [Originally Added On: April 22nd, 2010]
- Freedom in Brazil [Last Updated On: April 22nd, 2010] [Originally Added On: April 22nd, 2010]
- Francesca Galea Improves Understanding of the Legal Standing of Artificial Islands [Last Updated On: April 28th, 2010] [Originally Added On: April 28th, 2010]
- How Ephemerisle 2010 Will Bring Us Closer to Seasteading [Last Updated On: May 4th, 2010] [Originally Added On: May 4th, 2010]
- Learn Something New About the Ocean [Last Updated On: May 12th, 2010] [Originally Added On: May 12th, 2010]
- Ephemerisle 2010 tickets now on sale! [Last Updated On: May 12th, 2010] [Originally Added On: May 12th, 2010]
- The Seasteading Institute May 2010 Newsletter [Last Updated On: May 14th, 2010] [Originally Added On: May 14th, 2010]
- Let Freedom Ring! Reception and Conversation on June 9th, 2010 [Last Updated On: May 22nd, 2010] [Originally Added On: May 22nd, 2010]
- Container Cities [Last Updated On: May 28th, 2010] [Originally Added On: May 28th, 2010]
- Recommended Reading for The Seastead View Of Politics [Last Updated On: May 28th, 2010] [Originally Added On: May 28th, 2010]
- Recycling the gyre [Last Updated On: May 31st, 2010] [Originally Added On: May 31st, 2010]
- Sorry for the downtime! [Last Updated On: June 8th, 2010] [Originally Added On: June 8th, 2010]
- Ephemerisle: A Floating Festival of Freedom on Humanity's Next Frontier, July 22-25 [Last Updated On: June 10th, 2010] [Originally Added On: June 10th, 2010]
- Ephemerisle: Evolving Society on Humanity's Next Frontier, July 22-25 [Last Updated On: June 10th, 2010] [Originally Added On: June 10th, 2010]
- Ephemerisle 2010 Cancellation [Last Updated On: June 20th, 2010] [Originally Added On: June 20th, 2010]
- Secession Week 2010 at Let A Thousand Nations Bloom [Last Updated On: June 30th, 2010] [Originally Added On: June 30th, 2010]
- The Seasteading Institute July 2010 Newsletter [Last Updated On: July 9th, 2010] [Originally Added On: July 9th, 2010]
- Latest Seasteading Talk Video: Mises Brazil [Last Updated On: July 13th, 2010] [Originally Added On: July 13th, 2010]
- It's The Love Boat...For Ideas: Reason/TSI cruise [Last Updated On: July 13th, 2010] [Originally Added On: July 13th, 2010]
- Sink or Swim 2010 Business Contest [Last Updated On: July 13th, 2010] [Originally Added On: July 13th, 2010]
- Ideas wanted: Seasteading Book PR [Last Updated On: July 15th, 2010] [Originally Added On: July 15th, 2010]
- Seasteaders to attend the 2010 Singularity Summit [Last Updated On: July 27th, 2010] [Originally Added On: July 27th, 2010]
- TSI August 2010 Newsletter [Last Updated On: August 4th, 2010] [Originally Added On: August 4th, 2010]
- Short video from UCSD [Last Updated On: August 13th, 2010] [Originally Added On: August 13th, 2010]
- Documentary on micronations, featuring seasteading, premiering 9/11 at Toronto Film Festival [Last Updated On: August 17th, 2010] [Originally Added On: August 17th, 2010]
- TSI Welcomes its New Director of Engineering, George Petrie [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- TSI seeks Oceanography Researcher - up to $500 referral bonus [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- Answers to some basic seasteading questions about strategy [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- Patri Says: Help Us Create A Compelling Book Proposal! [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- TSI September 2010 Newsletter [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- Judges Selected for TSI's Sink or Swim Business Plan Contest [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- TSI Doubles Sink or Swim Prize Pool & Extends Deadline by Two Weeks [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- Global Wave Heatmap [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- The Seasteading Institute Fall 2010 Newsletter [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- Watch Patri's Talk From The Feast [Last Updated On: October 24th, 2010] [Originally Added On: October 24th, 2010]
- Update To Oceanographer Position [Last Updated On: October 24th, 2010] [Originally Added On: October 24th, 2010]
- Seasteading: An Audacious Vision of Diversity and Innovation In Law [Last Updated On: October 24th, 2010] [Originally Added On: October 24th, 2010]
- Review of Micronation Film Highlights Seasteading Vision [Last Updated On: October 24th, 2010] [Originally Added On: October 24th, 2010]
- Reminder: Active review work happening on seasteading book! [Last Updated On: October 24th, 2010] [Originally Added On: October 24th, 2010]
- O. Shane Balloun on American Law Enforcement Jurisdiction Over Seasteads [Last Updated On: October 24th, 2010] [Originally Added On: October 24th, 2010]
- How does Patri spend his time? [Last Updated On: October 31st, 2010] [Originally Added On: October 31st, 2010]