It’s more nuanced though. Here’s how rich people use charities to gain wealth:
Rich person has tons of money that would be taxed if bill Y passes. Rich person creates a charity and donated 20% of what they would had to pay to the IRS to the charity, with that money the charity uses half for good causes and half is given to X lobby company, which then lobbies politicians to avoid passing that bill.
In the end, the rich person saved 80% of what they would had to pay.
Yeah, 10% went to good causes but imagine what the society could afford if 100% went through instead of 0.
This is a very rough outline of how they do it, but the summary is that they use charities to donate to lobbies while skipping taxes on the donation itself.
The point here is that in many jurisdictions doing charity exempts you from certain taxes, and it is possible to shuffle money around under the disguise of philanthropy while still getting all the financial benefits like an actual charity
Because they are tax avoidance mechanism first and charity seconds.
Money is a brokering system of power, charitues being tax free makes these entities unaccountable to democratic institurions.
That’s how we ended up with this infection of corrupt megachurches.
The “prosperity gospel” is billionaire-serving propaganda. It empowers their formation, growth and necessary abuses that come from such widespread exploitation.
I recently learned that Steve Ballmer is a director of and major donor to the Jewish National Fund, which supports the Israeli military and the settlers in the West Bank and around Gaza. This made me like Steve Ballmer slightly less.
without checking, Gates’ wealth is probably tied up in a lot of MS stock, and he could probably walk into the office and ask the intern to get him a coffee. but yeah i think mostly retired.
Linus is still active is maintaining the Linux kernel.
True, if anything he has less of a chance of getting a coffee at the MS office because the coffee machines will be out of order… “Kindly I’m Sorry sirs its on windows”
Maybe I’m wrong, but isn’t Gates retired? And I have no idea if Torvalds is still active.
But historical photo aside, isn’t this meeting a bunch of nothing?
Torvalds is still very active on the Linux kernel. As far as I know, he’s in charge of it and makes major decisions about its direction.
Bill Gates retired from Microsoft in 2008.
Gates is still very active in his charity organization
“charity”
Making money/influence. It’s such a scam his “Bill and Melinda Charity” (no taxes on charities).
What type of taxes are you talking about?
Search the web for “polio”
https://en.wikipedia.org/wiki/Global_Polio_Eradication_Initiative
Google en passant.
It’s still giving money away though? Why would you want there to be taxes on charity?
It’s more nuanced though. Here’s how rich people use charities to gain wealth:
Rich person has tons of money that would be taxed if bill Y passes. Rich person creates a charity and donated 20% of what they would had to pay to the IRS to the charity, with that money the charity uses half for good causes and half is given to X lobby company, which then lobbies politicians to avoid passing that bill.
In the end, the rich person saved 80% of what they would had to pay.
Yeah, 10% went to good causes but imagine what the society could afford if 100% went through instead of 0.
This is a very rough outline of how they do it, but the summary is that they use charities to donate to lobbies while skipping taxes on the donation itself.
It’s the US, so more weapons I presume.
That’s the sentiment that allows these rich fucks to avoid paying taxes without big backlash. First focus on collecting, then on spending…
The point here is that in many jurisdictions doing charity exempts you from certain taxes, and it is possible to shuffle money around under the disguise of philanthropy while still getting all the financial benefits like an actual charity
Well that’s disgusting, ain’t it. 🫤
Amen
Because they are tax avoidance mechanism first and charity seconds.
Money is a brokering system of power, charitues being tax free makes these entities unaccountable to democratic institurions.
That’s how we ended up with this infection of corrupt megachurches.
The “prosperity gospel” is billionaire-serving propaganda. It empowers their formation, growth and necessary abuses that come from such widespread exploitation.
Gotcha. That sounds very bad indeed.
Giving away money? You sweet summer child.
Research don’t want “his” (the foundations) money, it comes with so many strings attached all your lives work now belongs to the B&M foundation.
Alright dude, I don’t know much about the foundation, sorry. 🤷♂️
Linus still approves the changes in the kernel. His main baby for the past 15 years or so has been GIT.
I think he maintained git at its inception for like 6 months and then passed it off to someone else, but I could be completely mistaken.
That means there are highschool seniors who weren’t even alive while Bill Gates was at Microsoft. Interns might not even know who he is.
DEVELOPERS DEVELOPERS DEVELOPERS DEVELOPERS 👏🎸
That was balmer though, IIRC. Crazy times
I recently learned that Steve Ballmer is a director of and major donor to the Jewish National Fund, which supports the Israeli military and the settlers in the West Bank and around Gaza. This made me like Steve Ballmer slightly less.
https://shopisrael.com/blogs/support/does-steve-ballmer-support-israel
https://en.wikipedia.org/wiki/Jewish_National_Fund
It was Balmer, but Gates was in the back clapping along and jumping over a chair lmao
I’m sure if they work there they know who he is though lol but possibly I suppose
without checking, Gates’ wealth is probably tied up in a lot of MS stock, and he could probably walk into the office and ask the intern to get him a coffee. but yeah i think mostly retired.
Linus is still active is maintaining the Linux kernel.
and yes, this is fluff, not some kind of summit
Gates could probably walk into most offices and get a free coffee and an impromptu meeting with the CEO if he wants to.
True, if anything he has less of a chance of getting a coffee at the MS office because the coffee machines will be out of order… “Kindly I’m Sorry sirs its on windows”
Still cool though. Also I think Bill has more money.
Than the intern? I mean…yeah. probably.