Crockett, Zachary

Criticism/Defense Of Billionaire Philanthropy

Taxes will probably not go to the same causes, e.g. reforming the bail system, grassroot efforts for migrants, etc.

Foundations are more effective than governments as they do their due diligence, e.g. Bill Gates. Reforming the government is a long battle.

The Shady Economics of Buy-One-Get-One Free Deals. Zachary Crockett. thehustle.co . Feb 17, 2019.

BOGO goods are usually low-demand, non-efficient, lacking in quality and/or close to the expiration date. The BOGO deal is usually a 50% discount off of the manufacturer’s suggested retail price (MSRP). And oftentimes, this price is artificially marked up to begin with.

• MyPillow offered BOGO deal on their pillows, but really just doubled the price of the first pillow.

Law of diminishing marginal utility: consumers will buy two of something when the word ‘free’ is involved, even when they only need one — and the second item often ends up in the trash.