I love that line of thinking - it's tricky to reverse it with the same structure, because for nonprofit or social work your donors are probably people who want to support you regardless. A corporation can find other lobbying firms if they're unsatisfied, but I'm not sure that you can replace Amnesty International or the Sierra Club if they lose a few in a row.
It also could create some weird outcomes - e.g. if you're a pro-green energy donor, it's odd to cut off donations to green energy nonprofits when we get a new administration that reverses clean power regulations. That feels like the time you might want to increase donations instead, so incentives aren't quite aligned.
One way it might work is treating it as political risk hedging/investing. An oil company might buy into a fund that finances lots of green energy predictions to hedge against an anti-oil president coming in. Of course, that works the other way around too - maybe it's a wash when solar companies are buying bundles of bets on oil drilling. And if it's a pure investment play, then the money will dry up when it's needed most (a hostile administration).
Maybe a workable version is a perpetual trust with a specific investment mission. Someone today might leave a few million dollars in diversified funds, with proceeds supporting social work or a nonprofit. I'm sure there are some of these that have specific investment criteria (e.g. ESG only investments). Maybe the next step is financing social prediction market bets in good times and using the proceeds to maintain financing for social work and nonprofits during bad times?
Would you see a way to reverse the players? How could an NGO do something similar to finance social work? Something like a social bond idea.
I love that line of thinking - it's tricky to reverse it with the same structure, because for nonprofit or social work your donors are probably people who want to support you regardless. A corporation can find other lobbying firms if they're unsatisfied, but I'm not sure that you can replace Amnesty International or the Sierra Club if they lose a few in a row.
It also could create some weird outcomes - e.g. if you're a pro-green energy donor, it's odd to cut off donations to green energy nonprofits when we get a new administration that reverses clean power regulations. That feels like the time you might want to increase donations instead, so incentives aren't quite aligned.
One way it might work is treating it as political risk hedging/investing. An oil company might buy into a fund that finances lots of green energy predictions to hedge against an anti-oil president coming in. Of course, that works the other way around too - maybe it's a wash when solar companies are buying bundles of bets on oil drilling. And if it's a pure investment play, then the money will dry up when it's needed most (a hostile administration).
Maybe a workable version is a perpetual trust with a specific investment mission. Someone today might leave a few million dollars in diversified funds, with proceeds supporting social work or a nonprofit. I'm sure there are some of these that have specific investment criteria (e.g. ESG only investments). Maybe the next step is financing social prediction market bets in good times and using the proceeds to maintain financing for social work and nonprofits during bad times?
wen No Dumb Ideas coin?
Seems like maybe someone just bought up a bunch of trump coins to put $50B in his pocket, bribery in plain sight.