Comment on 7 years ago there were no billionaires worth more than $100 billion - today there are 18!
iknowitwheniseeit@lemmynsfw.com 1 month ago
Didn’t Bill Gates sign a pledge to give all of his money away? And he is billions richer than last year? Huh.
It’s all bullshit and marketing so people will regurgitate this lie. Everyone that says that puts it into a charity that they or their friends run.
Their children get high positions that allow them to have high paying jobs from the start. They have huge political influence which helps them with their other companies.
We need to redo our tax system and increase the top brackets. We also need to redo what is considered taxable and what can be claimed as a tax benefit.
Bill Gates a lying piese of shit? Who would have thought?
I went out in the rain yesterday and I got slightly moist. More at seven.
I’m not sure who is doing the calculations here, but the latest estimates I’m seeing for Gates have him down a bit for the year. He also is down after is divorce from Melinda, which included splitting off a good chunk of money for her own personal and philanthropic use.
Bill Gates signed his pledge more than 10 years ago. His wealth doubled in the last 7 years, meaning that he’s gotten average increases of like 10% per year.
Mr. Gates, you’re going the wrong way!
It’s just more proof billionaires simply cannot spend the money they have accumulated.
They need to be guillotined.
Meh. Net worth can be volatile in the upper echelons of wealth. It’s often based on volatile assets. He’s still giving away plenty. I’m seeing a budget of $8.6 billion in 2024 for the Gates Foundation.
Also, his wealth doesn’t need to be spent within his lifetime to remain true to the pledge. The Gates Foundation can continue functioning long after his death, much like other foundations like the Carnegie Foundation.
Krono@lemmy.today 1 month ago
Yes he signed up to give his money away. To a charitable trust. Which he and his family controls. And can withdraw from at any time.
It isnt a charity pledge, its a plan to avoid paying taxes.
negativenull@lemmy.world 1 month ago
Adam Conover video on the “Billionaire Donation/Charity” scam:
youtu.be/0Cu6EbELZ6I