[Foundation-l] Putting the Foundation back in WMF
swatjester at gmail.com
Sun Nov 18 01:19:38 UTC 2007
If the US government defaults on its debts, the rest of the world's
economy is in trouble.
On Nov 17, 2007, at 8:12 PM, GerardM wrote:
> If the US government defaults on its debts, there will still be a
> 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
> absolutely wrong.
> On Nov 18, 2007 1:33 AM, Thomas Dalton <thomas.dalton at gmail.com>
>> On 18/11/2007, Ray Saintonge <saintonge at telus.net> wrote:
>>> Thomas Dalton wrote:
>>>> On 17/11/2007, Ray Saintonge <saintonge at 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
>>>>>> 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 good luck.
>>>> Putting the cash in a savings account still constitutes capital
>>>> 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
>>> 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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