If the US government defaults on its debts, there will still be a Wikimedia
Foundation. When it proves no longer possible to be based in the US
(unlikely) we will be based elsewhere. You forget that we are an
international organisation. When we must, we will continue elsewhere.
The notion that we are dependent on the performance of the US government is
On Nov 18, 2007 1:33 AM, Thomas Dalton <thomas.dalton(a)gmail.com> wrote:
On 18/11/2007, Ray Saintonge
Thomas Dalton wrote:
> On 17/11/2007, Ray Saintonge <saintonge(a)telus.net> wrote:
>> Thomas Dalton wrote:
>>> Being able to fund activities off capital gains would be very
>>> but really it requires large
endowments to work. Building up a fund
>>> from small fundraisers isn't going to work.
>> Capital gains are not a reliable investment, especially not in the
term. Short term capital gains are mostly a matter of
Putting the cash in a savings account still constitutes capital gains.
The term doesn't refer just to risky investments.
Money put into a savings
account yields interest income, not capital
A capital gain is the increase in the value of an asset. When the
market value of a company's share increases from its original cost that
is a capital gain. When you sell a piece of land for more than you paid
for it without having altered it since you bought it, that is a capital
gain. If these values go down, it is a capital loss.
Ok, perhaps my example wasn't a particularly good one, but my point
stands. The profit made on a Treasury Bill is a capital gain under
your definition, and they are generally considered risk-free (if the
US government defaults on its debts, keeping the WMF running will be
the least of our worries).
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