But morally-motivated people, especially on college campuses, often find seemingly-extravagant spending distasteful.
As far as I can see, no-one else has raised this, but to me the optics of having large sums of money available and not spending it are as bad or worse as spending too freely. Cf Christopher Hitchens’ criticism of Mother Teresa—and closer to home, Evan’s criticisms a few years ago that EA fund payouts were being granted too infrequently. For what it’s worth, I find the latter a much bigger concern.
Sub-hypothesis: the people who find extravagant spending distasteful are disproportionately likely to be the people who object to the billionaires that enable it—and so that spending it isn’t what pisses them off so much as what draws their attention to the scenario they dislike.
As far as I can see, no-one else has raised this, but to me the optics of having large sums of money available and not spending it are as bad or worse as spending too freely. Cf Christopher Hitchens’ criticism of Mother Teresa—and closer to home, Evan’s criticisms a few years ago that EA fund payouts were being granted too infrequently. For what it’s worth, I find the latter a much bigger concern.
Sub-hypothesis: the people who find extravagant spending distasteful are disproportionately likely to be the people who object to the billionaires that enable it—and so that spending it isn’t what pisses them off so much as what draws their attention to the scenario they dislike.