1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

[not broke] Billionaire NBA owner donates $25 million to fight COVID

Discussion in 'NBA Dish' started by TheRealist137, Mar 27, 2020.

  1. TheRealist137

    TheRealist137 Member

    Joined:
    Jan 27, 2009
    Messages:
    27,952
    Likes Received:
    8,797
    B-Bob likes this.
  2. Hakeemtheking

    Hakeemtheking Member

    Joined:
    Feb 26, 2009
    Messages:
    8,314
    Likes Received:
    4,005
  3. clos4life

    clos4life Contributing Member

    Joined:
    Dec 20, 2007
    Messages:
    6,264
    Likes Received:
    2,124
    Realistically, it's closer to 0.5 of his total fortune. If you make $100,000, it would be like giving out $500. If you make $20,000, it would be like giving a $100. Let me ask you, have you giving 0.5 of your income to Corona virus? If you haven't, you have no place to talk because even for a billionaire, $25 million is nothing to sneeze at. We should all be thankful a rich person actually stepped up and gave a substantial amount of money to fight this disease.
     
    naldodiaz, jcf, arubato and 7 others like this.
  4. TheRealist137

    TheRealist137 Member

    Joined:
    Jan 27, 2009
    Messages:
    27,952
    Likes Received:
    8,797
    The more money you have. The more worthless money becomes to you. 5% of a billionaires income is worth less than 20% of a middle class family’s income, not in absolute terms, but from a relative standpoint.
     
    jboslett, hakeem94 and BigShasta like this.
  5. cheke64

    cheke64 Member

    Joined:
    May 12, 2009
    Messages:
    17,777
    Likes Received:
    6,036
    Who already knew it was Balmer?
     
  6. Deckard

    Deckard Blade Runner
    Supporting Member

    Joined:
    Mar 28, 2002
    Messages:
    48,164
    Likes Received:
    17,819
    That was my first guess. A generous offer. I hope he’s an inspiration for other super wealthy Americans. We need all the help we can get, and from wherever we can get it.
     
    naldodiaz and jcf like this.
  7. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    67,880
    Likes Received:
    17,851
    Balmer is a great owner with real money

    He didn't sell food or high interest rate loans to students or pander to the Chinese like a dog

    He's a great dude and he's doing it for some skeleton fanbase in Los Angeles which is more amazing.
    everybody knows it's a Lakers town, but he might actually change it a bit.

    I would have moved the team to Seattle or San Diego or Vegas

    @Air Yordan
     
    naldodiaz likes this.
  8. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    67,880
    Likes Received:
    17,851
    This guy is better than all the owners of the Rockets except for maybe Charle Thomas

    He took a crap organization who had a racist and cheap owner in Sterling and flipped it to legit contenders

    I mean the clippers for the majority of their time were consider the bottom of the nba
     
  9. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    67,880
    Likes Received:
    17,851
    Balmer getting his own arena and not piggy backing on the Lakers and Staples shows he's committed to the city of Los Angeles.

    He's not putting Chinese themed city jerseys out every year cause he wants china money
     
  10. Jontro

    Jontro Member

    Joined:
    Feb 3, 2010
    Messages:
    26,783
    Likes Received:
    8,482
    any chance he could buy the rox from tillmen as a side hobby?
     
    naldodiaz and LosPollosHermanos like this.
  11. daywalker02

    daywalker02 Easter Egg Hunter - Tell me why? نحن عائلة
    Supporting Member

    Joined:
    Jul 17, 2006
    Messages:
    57,510
    Likes Received:
    17,652
    His waifu Conny could do it.
     
    Jontro likes this.
  12. DeBeards

    DeBeards Member

    Joined:
    Oct 25, 2019
    Messages:
    1,248
    Likes Received:
    1,895
    nowadays, hi-tech guru / venture capital giants much richer n reliable than those from real estates; obviously online businesses are more sustainable and lucrative, are the future.
     
  13. MorningZippo

    MorningZippo Member

    Joined:
    Jun 24, 2010
    Messages:
    2,420
    Likes Received:
    1,457
    That’s simply not true, marginally speaking.

    Balmer donating 5% of his income is similar to you donating 2.5% of your income (if you’re average, 60k a year). The utility function doesn’t just stop working past a certain point of wealth.

    If you haven’t donated 0.16% of your yearly income to covid-19 research, then you’ve done less than Steve, on an absolute and relative basis.

    It’s crazy how far people will go to justify being selfish. At least I admit I’m selfish.
     
    jcf, Jayzers_100 and Clips/Roxfan like this.
  14. bloodwings19

    bloodwings19 Member

    Joined:
    Jul 12, 2006
    Messages:
    4,095
    Likes Received:
    2,253
    ESPN rather put Lebron's nice words to the medical community than Ballmer's 25 million which is more needed than words. Knowing some, most prefer having supplies than kind words. The more supplies, the more easier their job.
     
    tinman likes this.
  15. Carl Herrera

    Carl Herrera Contributing Member

    Joined:
    Feb 16, 2007
    Messages:
    43,275
    Likes Received:
    16,643
    tinman and B-Bob like this.
  16. B-Bob

    B-Bob my celli weighs a ton

    Joined:
    Jul 26, 2002
    Messages:
    28,238
    Likes Received:
    16,481
    Wait, did @Carl Herrera type "to be fair" with respect to Fern Tits?

    [​IMG]

    On teh serious though, it's amazing that people like to complain about the % of Balmer's income this represents instead of complaining about other rich owners who aren't making similar contributions in a crisis (which they are not obligated to do).

    But anyway, THX, Balmer! Good job.
     
    jcf and Easy like this.
  17. TheRealist137

    TheRealist137 Member

    Joined:
    Jan 27, 2009
    Messages:
    27,952
    Likes Received:
    8,797
    I'm not sure how you got your math but my concept of money is that, like everything, the more you have, the less it means to you.

    Money by itself is worthless, but the experiences and things that you get to do in exchange for money is what provides value.

    For people like ballmer, they've already reached that threshold to where no life experience or item is out of reach. Therefore, what is truly the value of an extra dollar, or million, to them? Nothing.
     
  18. tinman

    tinman Contributing Member
    Supporting Member

    Joined:
    May 9, 1999
    Messages:
    67,880
    Likes Received:
    17,851
    But I’m glad Steve Balmer and his company gave us Xbox
     
  19. Ziggy

    Ziggy Tastemaker
    Supporting Member

    Joined:
    Jun 11, 1999
    Messages:
    31,793
    Likes Received:
    6,435
    There was a time, a long time ago, when I'd spend .5% of my income in 2hrs at Treasures.
     
    Mr. Brightside likes this.
  20. donkeypunch

    donkeypunch Contributing Member

    Joined:
    Dec 8, 2013
    Messages:
    13,802
    Likes Received:
    12,540
    I was going back and forth between tilman or dolan.
     
Loading...

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now