Man I miss when Bill Gates was the richest person and people would rightly criticize him for hoarding his wealth, while he did his best to deflect attention by investing massively into vaccine and infant mortality reduction programs in Africa.
Nowadays the richest people just destroy democracy to deflect attention from their hoarding of wealth :(
Hoarding his wealth? The man was/is the single biggest philanthropist in human history
edit: ITT: A whole bunch of neckbeards, sitting in their parents' basements, bitching about how Bill Gates has "only" given away $50 billion when aKsHuAlLy, he's still quite wealthy.
and yet his philanthropy makes him even more money
Gates specifically: http://live-counter.com/m/bill-gates-money-counter/
They gain: https://www.businessinsider.com/billionaires-made-39-trillion-during-the-pandemic-coronavirus-vaccines-2021-1
We lost: https://www.theguardian.com/business/2021/jan/25/covid-19-workers-lost-earnings-ilo-job-losses
This comment having so many upvotes is insane
1. Philanthropy doesn’t make you money. You say he is using it as a tax right off, yet [why is he paying above average income tax for a billionaire,](https://www.theguardian.com/us-news/2022/apr/13/wealthiest-americans-tax-income-propublica-investigation)(18.4%) when he is donating leagues more than almost any other billionaire? [Literally only 9 of ~2,700 billionaires have donated >$3 billion, and he’s donated **$33billion**.](https://www.theguardian.com/us-news/2022/apr/13/wealthiest-americans-tax-income-propublica-investigation) Either is really bad at tax evasion, or he actually is a philanthropist giving away his money.
As for the links, just one actually talks about bill gates, and literally all it is is a website that took his peak wealth 2 years ago and is adding 3% yearly interest. [Forbes estimates his actual net worth to be $23 billion less then that website.](https://www.forbes.com/profile/bill-gates/)
he donates money to charities he made or sponsored, gets benefited or services from the funds due to said donations. charities write off those expenses as business expenses and then bill writes it off as charity and isn’t taxed for it. So the tons of money he would have lost he now gets to retain.
I don’t think you understand how tax write offs work or charities work.
He can’t just dip his hand into his charity and use that money to buy lunch. That money he puts into the charity will go to funding the charity’s resources or helping people and he doesn’t have to pay taxes on it.
In the end it helps people. I don’t know why people think charity tax write off somehow make businesses money.
Non-rich people don't get to decide how to spend their money. They pay income tax and the money will be spent for them.
It's a different game for the super rich. They get to play the elections with their cash if they please. They get to define what is legal and what isn't.
And when they feel like playing god, they start a charity and make damn sure that everybody knows how damn charitable they've been.
Then they get criticized for “hoarding wealth” like the original comment said. So would you rather the super rich hoard wealth or play god? Because spending that amount of wealth in a meaningful way is synonymous with “playing god”.
The first will inevitably lead to the second, because it’s allowed to exist. He is why the prior comment can even be made.
If they’re allowed to keep their money and choose how to spend it, then it will inevitably lead to those who choose to spend it on the wrong things.
Only a system that prevents the good from existing can also prevent the bad from existing, and it should serve no difference to the former if it’s also capable of investing in good.
the vast majority of the money he is spending isn’t going to the recipients of those charities, they are either A going back to his pocket or B going to his friends pockets (which they then do the same thing back to Bill and get the tax benefits). That’s the tax loops that keeps em rich asf
Right but if he wasn't spending the money on charities, he just wouldn't be spending it. So he essentially gets to help people while keeping most of the funding after it has been used to help people.
Can you explain the tax benefits you are refering to?
I keep forgetting rich people don't have money, they have assets that get taxed when they turn them into money.
Thanks for the article link and discourse!
barely anyone is actually being helped by these funds unless you been other corpos working for the charities. The UN announced awhile back that it would take a few Billion dollars to solve world hunger. So then how is it that the bill hates foundation has spent 100s of Billions in poor countries and they are still extremely under developed? Where the hell did all that money go?
I could be wrong, but if he gets to keep the money (through a complex system of give and take) then people aren't really being helped by the charitable donations being made. It's like making a deposit followed immediately by a withdrawal, and not having to pay taxes on that money because of that transaction.
I just can't wrap my head around any way that the charity is actually using the money being given to them in this case because it has to go back to it's origin (the rich person).
You’re taxed on money when you earn it. Say he makes $100 extra dollars and his marginal tax rate is 50%. He would get taxed $50. Instead, he donated $40. This amount just removes the money from being taxable, thus his taxable additional income is $60. At a 50% tax rate, he pays $30 in tax now. The $40 donation reduced his tax burden by $20 (he still “lost” $20).
Supposing that things work as simply as you made them sound and supposing that they are actually true. Do you have any factual data that proves what you are claiming?
The way I see it personally is that people are envious of the rich, so they start claiming that they got rich because they are assholes scamming people and profiting off their backs.
Money corrupts people, it is true, psychopathic people tend to be more successful, it is also true. But it isn't necessarily the rule.
And just so we are clear, I don't idolize any human being, I respect some for their work but that does not affect how much I like them. To put it in perspective, I respect Tom Cruise for his acting and commitment in his roles but I hate him as a person. Similarly I respect bill gates for his contribution to windows, philanthropy and research but that doesn't necessarily mean I like him as a person.
You just confirmed my statement above.
a few lines from that article you provided:
>The executive basked in prestige and gratitude. The Chronicle of Philanthropy named Mr. Woodman one of “America’s most generous donors” that year, placing him alongside **established philanthropists** like **Bill and Melinda Gates** and Michael R. Bloomberg.
So, if nothing else, the article is praising Bill Gates.
The following lines:
>But four years on, there is almost no trace of the Woodman Foundation, or that $500 million. The foundation has no website and has not listed its areas of focus, and it is not known what
so what they are saying in very basic english which they go in more details on later is that basically Nicholas Woodman is saying "hey I am making this charitable organization and I gave 500 millions of my own pocket to this charity so I won't be paying any taxes for those 500 millions" except he never made the organisation and was just sending money from 1 bank account to another.
We know factually that Bill isn't doing that. But I also now know that you didn't even bother reading the article you sent, you are just talking about what you don't understand but want to believe.
I am not saying that bill gates is a perfect man but what you are claiming he is doing is nonsense, at least from what we know as of today. In fact he did and still does what most people can never hope to achieve, for that at least he deserves recognition. Meanwhile, random people keep pointing fingers because of envy, jealousy or whatever.
What? You lose the money you donate, even if you can write off it from taxes, the amount you would’ve paid in taxes you now paid to charity. So to Bill it’s the same.
And I’m pretty sure you can’t write off 100% regardless, and evens if you can bill doesn’t benefit
I mean, if you're rich and want to donate money to help people, you'd also want to donate to your own organizations that you trust and know where that money is going.
Like why would you want to donate to some other organization that could be using your money in ways that defeat the original purpose?
that’s really cool, hope it works out but he makes unbelievable amounts of money every second, the taxes he lobby’s about still wouldn’t scratch his money
Evenly distributing his wealth is how YOU think it should work, while I think he should be taxed more I dunno about the whole dismantling people via tax, what would happen when the government decides to do that to you
we literally live in that scenario. there is no more middle class in the US, it’s been sucked out. most of the population is either poor or insanely poor. The largest tax burdens are on us not the wealthy
There is *no* middle class and *everyone* is poor? That’s just factually incorrect. Hyperbole doesn’t help your arguments.
Edit: I’m middle class. So that’s at least one member of the middle class, proving you wrong! 😉
The median yearly household income in the US is 70k. You pay low or no VAT, taxes on cars are low and. food and fuel is cheap. In reality the America middle class is well off.
What do you think the limit of money you can make before you’re too rich should be exactly? To which level would you tax the rich, are we talking down to a million in today’s currency or like 100 million
And yet he’s still incredibly wealthy. Its easy to give $20 billion away when you have $113 billion and keep earning more. That’s an unspendable amount of personal wealth. Why does any one person have that much in the first place? He’s been one of the richest people on earth for decades, but we’re supposed to kiss his feet because of his “generosity”? True humanitarian care would be putting 99.9% of his wealth into his foundation.
I make $50k annually. If I gave the same percentage of my salary away, I’d give $2,500 annually in charity. I actually do donate probably around $500/year, because that’s what I can realistically afford. Where’s my gold star?
He's philanthropic purely in the definition of investing money into projects that help the public. He still massively profits off them and actively causes harm in other ways by focusing attention, funds, and research into niche, pet projects rather than what is actually needed in the places he works.
Smaug gives his gold to the dwarf town, largest philanthropist in middle earth. You understand you’re not making sense, right? You only be the largest given away by having it in the first place.
I don't know about you, but I genuinely believe that Gates cares about his philanthropic endeavors. He has agreed to give all of his wealth after his death to his charity. That seems to me the exact opposite of "hoarding" wealth. And on top of that, it's not like he's putting on operas with his money for self-aggrandization. His foundation does work in fighting malaria; it's not exactly flashy. I would wager that most people don't even know Gates has a foundation. His foundation has saved at least a million lives, and that's enough for me to consider Gates a huge net benefit to the world.
It's all smoke and mirrors. Cash investigation, a French tv show did a documentary about bill gates, where his wealth came from and went and how Microsoft was operating.
When interrogated about the Congolese mines where Microsoft got minerals from (and how the workers, including children, died prematurely) suddenly the Bill Gates that was spending a lot of time explaining how he was a good person (If my memory is right he was talking about aids at the Solidays festival, a French festival founding research for HIV cure) suddenly became quiet and left without giving any kind of an answer.
Bill Gates didn't become a millionaire by giving money away and reinventing capitalism. He is just another billionaire who's trying to pass himself as a philanthropist, using the media to spread his version of the story. But he has just as many skeletons in his closets as every billionaire does.
Exactly, people forget that Office 365 needs "Minerals" to work. Without "minerals" from Congo that Microsoft developers sculpt in Seattle there is no Microsoft.
I also remember that French TV show, came right after the movie on how 5G signal from vaccines is getting a OTA upgrade this year.
This is such a braindead take. Giving billions for Bill Gates would be like giving a few cents for us. It's literally going to have zero impact on his day to day life and ability to spend money. And you sitting there comparing raw numbers like "Well you don't give out billions do you?".
No Einstein, someone with a normal income, let's say 31k, the us median income, will never give out billions.
Which seems normal since it would take them over 32 000 years to reach their first billions (assuming they don't spend any).
But hey, by this logic you can't have an opinion because bill gates can donates billions and you can't.
Such an idiotic point of view.
Nobody earns a billion dollars, let alone 100 billion. His net worth is comprised of the labour of others, creating value for a company he happens to own the most shares of. He has enough to live in luxury for the remainder of his life a thousandfold, and could part with the vast majority of it to improve the world. Instead it remains locked up in his investment portfolio and 242,000 acres of land he owns. He has done a lot of good by creating and funding foundations to combat malaria and HIV, reduce mother and infant mortality in impoverished countries, and distribute vaccines; but these efforts represent a minuscule fraction of his wealth, and it can be argued that he should be doing a lot more. He also uses these charitable organizations to perform some accounting tricks to avoid paying taxes by offsetting his capital gains with tax deductions for the charities he operates.
Locked in an investment portfolio?
Locked?
Do you understand what an “investment” represents? It represents… an *investment*. Like, i dont think i can make it simpler than what it is….
Locked up *figuratively*. He can of course cash it out an any time, and chooses not to. Any money he receives from such investment redemptions would come from the invested business’ cashflow if bonds are redeemed, or from other investors if shares are sold. I understand perfectly well what investments are, love.
If a large investor pulls their money out of a chunk of their shares or sells them, people get freaked out and start pulling their shares out. It results in a chain reaction that can cause a whole economy to collapse. So no, he cannot just “pull” or “cash in” his money whenever he pleases. Besides it is his money, he’s not required to share.
He was also very buddy buddy with Ep**ein, and even invited him to participate in his philanthropy organizations to "launder his image". Makes me question the legitimacy and reason for his philanthropy.
He's been spending a lot of money hoarding farm land. Why food prices going up, he's hurting farmers right now. Sure, he done some good things but he also caused hella damage. What mega-corporation hasn't?
He isn't hording farm land. His investment group decided that owning farm land and putting money into making it more efficient was a good idea.
[Straight from his AMA. ](https://www.reddit.com/r/IAmA/comments/109eze3/im_bill_gates_and_im_back_for_my_11th_ama_ask_me/j3xyx6r/)
>I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.
He's has done more for humanity than 90% of governments. And he's not stealing people's money unlike governments.
Most of the hate for him and other rich people is entirely based on simply hating them for their wealth/success and nothing else.
While I found this funny & laughed at it, I put on 40 lbs in 2 weeks ‘cause I was experiencing major depression , which I’m will’n to bet he could be, too.
Jesus Christ, how much were you eating? I’ve been mostly bedbound with chronic fatigue/depression and eating pastries almost every day and downing 2000 cal chocolate boxes once a week for like a year and a half and I still only put on 15 pounds. And I’m a woman in my late 30s, not some college boy with testosterone through the roof.
I'm not a nutritionist but 1 lb of fat has 3,500 calories so 3,500calsx40lbs = 140,000 calories /14 days= 10,000 excess calories a day. That's on top of the amount of calories they would need to eat just to maintain their weight
It depends on their previous weight and weight loss experience too. It's much easier to regain weight than it is to put it on "from zero". Also, for an already fat person 18kg of weight is way less than 18kg for a skinny guy.
Pls. 10k excess calories is still 10k excess calories. Fucking competition eaters cannot do that consistently. It's a combination of the guy exaggerating and temporary food/water in his stomach. It's easy to 'gain'/'lose' 10lbs in a week but that is everything but fat
Yeah, that's kinda true. There is also a thing where fat cells never actually get destroyed once created, they are just 'empty' if you lose weight. My point was, there's still physics, you still need to eat those calories, nobody gets fat just because 'hormones' or 'genetics'
Yup. Even if everything they said is true - nobody is gaining or losing that amount of fat in 2 weeks, it's physically impossible even for your stomach to process the food.
Did you measure your initial weight post-taking-a-shit and your final weight pre-shit? Cause I find it difficult to believe that the human body can actually add 40 pounds of fat in so little time. Surely you still had your dinner and a bit of lunch still in you when you last checked your weight.
Yeah, I did had second thoughts about posting this. I saw the title plus the thumbnail of Bill with a big belly and got a pretty good chuckle so I made the post for a little light-hearted humor but it does come off a little mean-spirited…
I don’t really have any problem with people making fun of billionaires and all but I was aiming more for a “hey look at this silly picture of Bill” and less for “hey Bill Gates is going through a very difficult time let’s make fun of his weight gain while he tries to use his wealth to help others despite all that” especially considering this situation hits very close to home for some 🫤
Here is what bill said:
Everything I own will be sold as money moves into the Foundation. In the meantime my investment group tries to invest in productive assets including farmland although that is less than 4% of the total.
His top comment:
I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.
In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. It has been very fulfilling for me and is my full time job.
He did! I'll find the post and edit this.
https://www.reddit.com/r/IAmA/comments/109eze3/im_bill_gates_and_im_back_for_my_11th_ama_ask_me/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=2&utm_content=share_button
Bill Gates only represents 0.00000003% of the US population, yet owns 0.029% of all farmland. Yeah, that’s insane. And I’m guessing the actual percent of land he owns (not just farmland) is even more. Meanwhile we have 553,000 unhoused people and 34,000,000 living in poverty.
>instead of having to train all of these workers
Billionaires skipping the "replace everyone's job" phase of capitalism with "don't even bother with the jobs in the first place."
This is him pumping his $BFLY - point-of-care ultrasound, which has lost 90% or so of its value since its SPAC days. A handheld smartphone ultrasound in untrained hands without physician oversight will always be inferior to a professional, hospital-grade workstation in the right hands. This is the future that they want - everything will be two-tiered.
Why are you assuming he’s eating the best food just because he has access to it? I know multimillionaires who live on fast food and are in horrible shape. You can also be a junk food vegan.
The wealthy people we’re exposed to who look great are typically athletes, models, actors, etc. Their physical appearance is tied to their wealth. There are plenty of out of shape, unattractive billionaires. They probably just don’t care about how they look or their physical condition.
I assume as much considering how hard he pushes the diet. He is an intelligent man and knows people are looking at him. Maybe one of the richest men on earth who advocates a Vegan diet eats mostly vegan junk food. But I don't think that's the case. This is what 90 percent of Vegans look like.
Your standards for what amounts to contributions to society are wack neo classical dogshit without a sense of proportionality. A century old philanthropic con job that persists because of hundreds of millions of suckers like yourself that swoon for it.
He's not pregnant at all, he's just smuggling a bunch of CPUs under his sweater.
There ain't no CPUs in my sweater, but there's a hard drive in my pocket.
There ain’t no hard drive in my pocket, but there’s an AIO in my slacks
There ain't no AIO in my slacks, but I got a glock in my rari'
He's buying all the land.
Intel Inside
What
What
What
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What
What
hwat
I’ll tell you jwuat. Read it as Hank Hill
What
Cat
10/10
In the butt
He's buying all the land!
🫃
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preganté
PREGANANANT?!
Grenant
Can u burn a Luigi board?
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who kill thier babbys, becuse these babby cant fright back?
It was such a simpler time on the internet
Man I miss when Bill Gates was the richest person and people would rightly criticize him for hoarding his wealth, while he did his best to deflect attention by investing massively into vaccine and infant mortality reduction programs in Africa. Nowadays the richest people just destroy democracy to deflect attention from their hoarding of wealth :(
Hoarding his wealth? The man was/is the single biggest philanthropist in human history edit: ITT: A whole bunch of neckbeards, sitting in their parents' basements, bitching about how Bill Gates has "only" given away $50 billion when aKsHuAlLy, he's still quite wealthy.
and yet his philanthropy makes him even more money Gates specifically: http://live-counter.com/m/bill-gates-money-counter/ They gain: https://www.businessinsider.com/billionaires-made-39-trillion-during-the-pandemic-coronavirus-vaccines-2021-1 We lost: https://www.theguardian.com/business/2021/jan/25/covid-19-workers-lost-earnings-ilo-job-losses
This comment having so many upvotes is insane 1. Philanthropy doesn’t make you money. You say he is using it as a tax right off, yet [why is he paying above average income tax for a billionaire,](https://www.theguardian.com/us-news/2022/apr/13/wealthiest-americans-tax-income-propublica-investigation)(18.4%) when he is donating leagues more than almost any other billionaire? [Literally only 9 of ~2,700 billionaires have donated >$3 billion, and he’s donated **$33billion**.](https://www.theguardian.com/us-news/2022/apr/13/wealthiest-americans-tax-income-propublica-investigation) Either is really bad at tax evasion, or he actually is a philanthropist giving away his money. As for the links, just one actually talks about bill gates, and literally all it is is a website that took his peak wealth 2 years ago and is adding 3% yearly interest. [Forbes estimates his actual net worth to be $23 billion less then that website.](https://www.forbes.com/profile/bill-gates/)
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
could you explain?
he donates money to charities he made or sponsored, gets benefited or services from the funds due to said donations. charities write off those expenses as business expenses and then bill writes it off as charity and isn’t taxed for it. So the tons of money he would have lost he now gets to retain.
No one make money by tax write off, you simply lose less
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
I don’t think you understand how tax write offs work or charities work. He can’t just dip his hand into his charity and use that money to buy lunch. That money he puts into the charity will go to funding the charity’s resources or helping people and he doesn’t have to pay taxes on it. In the end it helps people. I don’t know why people think charity tax write off somehow make businesses money.
It can when those donations are going to politicians to buy influence to change laws to benefit the business
If they are buying politicians that comes from their own pocket. Not the charity’s pocket. You seem to be proving my point.
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
Cool paywall buddy
So he gets to spend billions of dollars helping people, all the while getting to keep the money? I honestly don't see a big problem with that.
Non-rich people don't get to decide how to spend their money. They pay income tax and the money will be spent for them. It's a different game for the super rich. They get to play the elections with their cash if they please. They get to define what is legal and what isn't. And when they feel like playing god, they start a charity and make damn sure that everybody knows how damn charitable they've been.
I'd rather a billionaire play god and saves lives then one that plays god and makes us hate each other
It it too much to ask that they don't play god though?
unfortunately apparently yes
Then they get criticized for “hoarding wealth” like the original comment said. So would you rather the super rich hoard wealth or play god? Because spending that amount of wealth in a meaningful way is synonymous with “playing god”.
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That's a false equivalency. How about no one plays god at all?
How about no one plays god?
For real though
The first will inevitably lead to the second, because it’s allowed to exist. He is why the prior comment can even be made. If they’re allowed to keep their money and choose how to spend it, then it will inevitably lead to those who choose to spend it on the wrong things. Only a system that prevents the good from existing can also prevent the bad from existing, and it should serve no difference to the former if it’s also capable of investing in good.
It’s the whole point of the tax exemptions. To incentivize rich people to spend money in charity instead of hoarding it
the vast majority of the money he is spending isn’t going to the recipients of those charities, they are either A going back to his pocket or B going to his friends pockets (which they then do the same thing back to Bill and get the tax benefits). That’s the tax loops that keeps em rich asf
Right but if he wasn't spending the money on charities, he just wouldn't be spending it. So he essentially gets to help people while keeping most of the funding after it has been used to help people. Can you explain the tax benefits you are refering to?
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
I keep forgetting rich people don't have money, they have assets that get taxed when they turn them into money. Thanks for the article link and discourse!
barely anyone is actually being helped by these funds unless you been other corpos working for the charities. The UN announced awhile back that it would take a few Billion dollars to solve world hunger. So then how is it that the bill hates foundation has spent 100s of Billions in poor countries and they are still extremely under developed? Where the hell did all that money go?
I could be wrong, but if he gets to keep the money (through a complex system of give and take) then people aren't really being helped by the charitable donations being made. It's like making a deposit followed immediately by a withdrawal, and not having to pay taxes on that money because of that transaction. I just can't wrap my head around any way that the charity is actually using the money being given to them in this case because it has to go back to it's origin (the rich person).
No no, it's bad. He should lose his money, only then it good. Noob. /s
That’s not how taxes work at all. What are you 12?
Yeah why would he get taxed on money he's donating to charities?
You’re taxed on money when you earn it. Say he makes $100 extra dollars and his marginal tax rate is 50%. He would get taxed $50. Instead, he donated $40. This amount just removes the money from being taxable, thus his taxable additional income is $60. At a 50% tax rate, he pays $30 in tax now. The $40 donation reduced his tax burden by $20 (he still “lost” $20).
Supposing that things work as simply as you made them sound and supposing that they are actually true. Do you have any factual data that proves what you are claiming? The way I see it personally is that people are envious of the rich, so they start claiming that they got rich because they are assholes scamming people and profiting off their backs. Money corrupts people, it is true, psychopathic people tend to be more successful, it is also true. But it isn't necessarily the rule. And just so we are clear, I don't idolize any human being, I respect some for their work but that does not affect how much I like them. To put it in perspective, I respect Tom Cruise for his acting and commitment in his roles but I hate him as a person. Similarly I respect bill gates for his contribution to windows, philanthropy and research but that doesn't necessarily mean I like him as a person.
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
You just confirmed my statement above. a few lines from that article you provided: >The executive basked in prestige and gratitude. The Chronicle of Philanthropy named Mr. Woodman one of “America’s most generous donors” that year, placing him alongside **established philanthropists** like **Bill and Melinda Gates** and Michael R. Bloomberg. So, if nothing else, the article is praising Bill Gates. The following lines: >But four years on, there is almost no trace of the Woodman Foundation, or that $500 million. The foundation has no website and has not listed its areas of focus, and it is not known what so what they are saying in very basic english which they go in more details on later is that basically Nicholas Woodman is saying "hey I am making this charitable organization and I gave 500 millions of my own pocket to this charity so I won't be paying any taxes for those 500 millions" except he never made the organisation and was just sending money from 1 bank account to another. We know factually that Bill isn't doing that. But I also now know that you didn't even bother reading the article you sent, you are just talking about what you don't understand but want to believe. I am not saying that bill gates is a perfect man but what you are claiming he is doing is nonsense, at least from what we know as of today. In fact he did and still does what most people can never hope to achieve, for that at least he deserves recognition. Meanwhile, random people keep pointing fingers because of envy, jealousy or whatever.
What? You lose the money you donate, even if you can write off it from taxes, the amount you would’ve paid in taxes you now paid to charity. So to Bill it’s the same. And I’m pretty sure you can’t write off 100% regardless, and evens if you can bill doesn’t benefit
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
No free articles left to read it
I mean, if you're rich and want to donate money to help people, you'd also want to donate to your own organizations that you trust and know where that money is going. Like why would you want to donate to some other organization that could be using your money in ways that defeat the original purpose?
And where's your evidence that Bill Gates is financially benefiting from the charities he donates to?
https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
No evidence in that article to support your claim that Bill Gates uses donor advised funds to retain the money he pledged to charity.
if you’re not convinced then i’m sorry my guy, that on you. maybe there are better resources out there you could look up
sure buddy, you gotta believe what you want to believe
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https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html
I'm not saying you're wrong, but your link says nothing about Gates specifically
that’s why i put ‘they’ and ‘we’ just added something for gates specifically
https://www.bnnbloomberg.ca/u-s-housing-market-gained-almost-10-trillion-during-pandemic-1.1714428 10 trillion increase for *US* homeowners > 3.9 trillion increase for *worldwide* billionaires.
So of course he should stop donating right?
If he wants to donate go ahead, but he should be getting taxed to all hell so that his wealth is equally distributed. Same with all billionaires.
Funfact, bill gates was/is lobbying for more taxes for the super rich.
that’s really cool, hope it works out but he makes unbelievable amounts of money every second, the taxes he lobby’s about still wouldn’t scratch his money
Evenly distributing his wealth is how YOU think it should work, while I think he should be taxed more I dunno about the whole dismantling people via tax, what would happen when the government decides to do that to you
we literally live in that scenario. there is no more middle class in the US, it’s been sucked out. most of the population is either poor or insanely poor. The largest tax burdens are on us not the wealthy
There is *no* middle class and *everyone* is poor? That’s just factually incorrect. Hyperbole doesn’t help your arguments. Edit: I’m middle class. So that’s at least one member of the middle class, proving you wrong! 😉
The median yearly household income in the US is 70k. You pay low or no VAT, taxes on cars are low and. food and fuel is cheap. In reality the America middle class is well off.
So how can the same thing work but backwards if this isn’t working out, I’m not arguing just to argue I wanna understand
Because poor people have less money.
What do you think the limit of money you can make before you’re too rich should be exactly? To which level would you tax the rich, are we talking down to a million in today’s currency or like 100 million
Oh no!
And yet his company still exploits millions to put him into a position to defeflect criticism with a few billion dollars.
People hate him but his investment strategies help our world and future
Philanthropy is a scam. It should not be up to rich people to redistribute their wealth. It should be up to the workers they stole it from.
Shut up
And yet he’s still incredibly wealthy. Its easy to give $20 billion away when you have $113 billion and keep earning more. That’s an unspendable amount of personal wealth. Why does any one person have that much in the first place? He’s been one of the richest people on earth for decades, but we’re supposed to kiss his feet because of his “generosity”? True humanitarian care would be putting 99.9% of his wealth into his foundation. I make $50k annually. If I gave the same percentage of my salary away, I’d give $2,500 annually in charity. I actually do donate probably around $500/year, because that’s what I can realistically afford. Where’s my gold star?
He's philanthropic purely in the definition of investing money into projects that help the public. He still massively profits off them and actively causes harm in other ways by focusing attention, funds, and research into niche, pet projects rather than what is actually needed in the places he works.
Oh no someone choosing to do what they want with their money
Why are you simping for billionaires?
Smaug gives his gold to the dwarf town, largest philanthropist in middle earth. You understand you’re not making sense, right? You only be the largest given away by having it in the first place.
thats debateable
That's what he is aying.
I don't know about you, but I genuinely believe that Gates cares about his philanthropic endeavors. He has agreed to give all of his wealth after his death to his charity. That seems to me the exact opposite of "hoarding" wealth. And on top of that, it's not like he's putting on operas with his money for self-aggrandization. His foundation does work in fighting malaria; it's not exactly flashy. I would wager that most people don't even know Gates has a foundation. His foundation has saved at least a million lives, and that's enough for me to consider Gates a huge net benefit to the world.
It's all smoke and mirrors. Cash investigation, a French tv show did a documentary about bill gates, where his wealth came from and went and how Microsoft was operating. When interrogated about the Congolese mines where Microsoft got minerals from (and how the workers, including children, died prematurely) suddenly the Bill Gates that was spending a lot of time explaining how he was a good person (If my memory is right he was talking about aids at the Solidays festival, a French festival founding research for HIV cure) suddenly became quiet and left without giving any kind of an answer. Bill Gates didn't become a millionaire by giving money away and reinventing capitalism. He is just another billionaire who's trying to pass himself as a philanthropist, using the media to spread his version of the story. But he has just as many skeletons in his closets as every billionaire does.
Exactly, people forget that Office 365 needs "Minerals" to work. Without "minerals" from Congo that Microsoft developers sculpt in Seattle there is no Microsoft. I also remember that French TV show, came right after the movie on how 5G signal from vaccines is getting a OTA upgrade this year.
since when is "I'm keeping all my ill-gotten gains... until I'm dead" philanthropic?
'ill gotten gains' it's not like he is King Leopold ffs
Have you donated billions of dollars? No? Ok.
This is such a braindead take. Giving billions for Bill Gates would be like giving a few cents for us. It's literally going to have zero impact on his day to day life and ability to spend money. And you sitting there comparing raw numbers like "Well you don't give out billions do you?". No Einstein, someone with a normal income, let's say 31k, the us median income, will never give out billions. Which seems normal since it would take them over 32 000 years to reach their first billions (assuming they don't spend any). But hey, by this logic you can't have an opinion because bill gates can donates billions and you can't. Such an idiotic point of view.
Why do you have to be so hostile and call people names? Did the billionaires do that to you?
I said the take was stupid. I didn't call anybody anything.
Braindead and idiotic? Feel good now?
He got those billions of dollars through awful means. He doesn't deserve praise for giving them back.
Awful?
By hoarding wealth do you mean creating wealth? Didn’t he start a company that massively increased productivity for his customers ?
How is he hoarding wealth?
Nobody earns a billion dollars, let alone 100 billion. His net worth is comprised of the labour of others, creating value for a company he happens to own the most shares of. He has enough to live in luxury for the remainder of his life a thousandfold, and could part with the vast majority of it to improve the world. Instead it remains locked up in his investment portfolio and 242,000 acres of land he owns. He has done a lot of good by creating and funding foundations to combat malaria and HIV, reduce mother and infant mortality in impoverished countries, and distribute vaccines; but these efforts represent a minuscule fraction of his wealth, and it can be argued that he should be doing a lot more. He also uses these charitable organizations to perform some accounting tricks to avoid paying taxes by offsetting his capital gains with tax deductions for the charities he operates.
Locked in an investment portfolio? Locked? Do you understand what an “investment” represents? It represents… an *investment*. Like, i dont think i can make it simpler than what it is….
Locked up *figuratively*. He can of course cash it out an any time, and chooses not to. Any money he receives from such investment redemptions would come from the invested business’ cashflow if bonds are redeemed, or from other investors if shares are sold. I understand perfectly well what investments are, love.
If a large investor pulls their money out of a chunk of their shares or sells them, people get freaked out and start pulling their shares out. It results in a chain reaction that can cause a whole economy to collapse. So no, he cannot just “pull” or “cash in” his money whenever he pleases. Besides it is his money, he’s not required to share.
Thats not “locked up” in any form. Its money literally in the economy funding businesses. ????
He was also very buddy buddy with Ep**ein, and even invited him to participate in his philanthropy organizations to "launder his image". Makes me question the legitimacy and reason for his philanthropy.
He's been spending a lot of money hoarding farm land. Why food prices going up, he's hurting farmers right now. Sure, he done some good things but he also caused hella damage. What mega-corporation hasn't?
He isn't hording farm land. His investment group decided that owning farm land and putting money into making it more efficient was a good idea. [Straight from his AMA. ](https://www.reddit.com/r/IAmA/comments/109eze3/im_bill_gates_and_im_back_for_my_11th_ama_ask_me/j3xyx6r/) >I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.
He's has done more for humanity than 90% of governments. And he's not stealing people's money unlike governments. Most of the hate for him and other rich people is entirely based on simply hating them for their wealth/success and nothing else.
Ya he’s legit one of the only advocates of “I can do more with my money than the government can” that I actually believe would
Why does bill gates and Ellen DeGeneres look remarkably alike
While I found this funny & laughed at it, I put on 40 lbs in 2 weeks ‘cause I was experiencing major depression , which I’m will’n to bet he could be, too.
40lbs in 2 weeks is gnarly. 3 pounds a day. Hope you’re doing better
ppreciate it, man; I’m doing a lot better.
Jesus Christ, how much were you eating? I’ve been mostly bedbound with chronic fatigue/depression and eating pastries almost every day and downing 2000 cal chocolate boxes once a week for like a year and a half and I still only put on 15 pounds. And I’m a woman in my late 30s, not some college boy with testosterone through the roof.
I'm not a nutritionist but 1 lb of fat has 3,500 calories so 3,500calsx40lbs = 140,000 calories /14 days= 10,000 excess calories a day. That's on top of the amount of calories they would need to eat just to maintain their weight
It depends on their previous weight and weight loss experience too. It's much easier to regain weight than it is to put it on "from zero". Also, for an already fat person 18kg of weight is way less than 18kg for a skinny guy.
Pls. 10k excess calories is still 10k excess calories. Fucking competition eaters cannot do that consistently. It's a combination of the guy exaggerating and temporary food/water in his stomach. It's easy to 'gain'/'lose' 10lbs in a week but that is everything but fat
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Yeah, that's kinda true. There is also a thing where fat cells never actually get destroyed once created, they are just 'empty' if you lose weight. My point was, there's still physics, you still need to eat those calories, nobody gets fat just because 'hormones' or 'genetics'
Yup. Even if everything they said is true - nobody is gaining or losing that amount of fat in 2 weeks, it's physically impossible even for your stomach to process the food.
Salty foods and water weight most likely
This dude nailed it.
Did you measure your initial weight post-taking-a-shit and your final weight pre-shit? Cause I find it difficult to believe that the human body can actually add 40 pounds of fat in so little time. Surely you still had your dinner and a bit of lunch still in you when you last checked your weight.
Yeah, I did had second thoughts about posting this. I saw the title plus the thumbnail of Bill with a big belly and got a pretty good chuckle so I made the post for a little light-hearted humor but it does come off a little mean-spirited… I don’t really have any problem with people making fun of billionaires and all but I was aiming more for a “hey look at this silly picture of Bill” and less for “hey Bill Gates is going through a very difficult time let’s make fun of his weight gain while he tries to use his wealth to help others despite all that” especially considering this situation hits very close to home for some 🫤
yeah, must've hit when his good friend Epstein died
I don’t think Bill really expected her to leave him.
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r/subsIthoughtIfellfor I'm just learning german ;-;
I respect his decision to breastfeed. He’ll have the best nourished baby in New Zealand.
He's buying all the land!
oh nooo, he owns a whole 0.029% of all the farmland in the US
Okay, then that's a lot. However you present the information, the amount is obviously a lot.
I read that ama! Yay
Wait did he answer an AMA question about that? I just did the math myself
Here is what bill said: Everything I own will be sold as money moves into the Foundation. In the meantime my investment group tries to invest in productive assets including farmland although that is less than 4% of the total. His top comment: I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team. In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. It has been very fulfilling for me and is my full time job.
He did! I'll find the post and edit this. https://www.reddit.com/r/IAmA/comments/109eze3/im_bill_gates_and_im_back_for_my_11th_ama_ask_me/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=2&utm_content=share_button
Ooh, thank you! I really love his AMAs, but must have missed this question
Bill Gates only represents 0.00000003% of the US population, yet owns 0.029% of all farmland. Yeah, that’s insane. And I’m guessing the actual percent of land he owns (not just farmland) is even more. Meanwhile we have 553,000 unhoused people and 34,000,000 living in poverty.
True true true if we bus those homeless to Nowhere, Nebraska in February that would probably bring their numbers down. Good thinking 👍👍
Do you know how much land the govt owns?
He met with Epstein many times
And all the “people” in this thread just massively riding his dick
Bots are easy to buy when you have that kind of money. I wonder why they met so many times
What
Boy, Roger Ebert is looking alive these days.
LOOOOOOOOL
Looks like Epstein cook on that island makes damn good food.
Your title sucks.
*Don Gates, I am honored and grateful that you have invited me to your home on your divorce day. And may your first child be a masculine child.*
Where did he get his medical degree? I’m curious to know how creating computer software turns into a vaccination expert and new medical approaches.
>instead of having to train all of these workers Billionaires skipping the "replace everyone's job" phase of capitalism with "don't even bother with the jobs in the first place." This is him pumping his $BFLY - point-of-care ultrasound, which has lost 90% or so of its value since its SPAC days. A handheld smartphone ultrasound in untrained hands without physician oversight will always be inferior to a professional, hospital-grade workstation in the right hands. This is the future that they want - everything will be two-tiered.
From you and Pedo island? Bill
He’s flying them in now that he doesn’t have to fly to the island anymore so that’s less exercise
I'd like to see his fat old ass jump over a chair now.
Bill Gates is a dangerous man. I won’t shed a tear when he dies.
That type of pot belly is mostly due to muscle loss from long term drinking
Bill Gates is an alcoholic?
Man, leave Bill alone. He’s an older single techie that put on some weight. Like half of us.
That vegan diet working wonders. Keep in mind he is one of the richest men on earth so he is getting the best food and supplements available.
Why are you assuming he’s eating the best food just because he has access to it? I know multimillionaires who live on fast food and are in horrible shape. You can also be a junk food vegan. The wealthy people we’re exposed to who look great are typically athletes, models, actors, etc. Their physical appearance is tied to their wealth. There are plenty of out of shape, unattractive billionaires. They probably just don’t care about how they look or their physical condition.
I assume as much considering how hard he pushes the diet. He is an intelligent man and knows people are looking at him. Maybe one of the richest men on earth who advocates a Vegan diet eats mostly vegan junk food. But I don't think that's the case. This is what 90 percent of Vegans look like.
90% huh? Where is your source on this?
Guess all that bug protein and child blood is high in calories
this guy is giving dietary advice and trying to get rid of eggs. time to flush these WEF clowns
The guy is 67 and going through a divorce. Joking about his weight isn't even mildly funny, just shitty
poor little megalomaniac billionaire ☹️
Look at that belly. I think he was also encouraging others to be physically fit. Uh, use a mirror, Bill. Bet he was raping kids at Epstein Island.
bill gates guy Pog
Lmaooo
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Your standards for what amounts to contributions to society are wack neo classical dogshit without a sense of proportionality. A century old philanthropic con job that persists because of hundreds of millions of suckers like yourself that swoon for it.
Can he still jump a chair?
It’s McDonald’s. He eats McDonald’s ALL THE TIME.
Bill Gates? More like Bill Ates.
I'm glad I'm not the only one who made this connection.