Comment on Linus Torvalds and Bill Gates Meet for the First Time Ever
thisbenzingring@lemmy.sdf.org 23 hours agoGates is still very active in his charity organization
Comment on Linus Torvalds and Bill Gates Meet for the First Time Ever
thisbenzingring@lemmy.sdf.org 23 hours agoGates is still very active in his charity organization
Valmond@lemmy.world 23 hours ago
Making money/influence. It’s such a scam his “Bill and Melinda Charity” (no taxes on charities).
LandedGentry@lemmy.zip 23 hours ago
We can point out how bullshit the charity system is in the US while also acknowledging that the Bill & Melinda Gates Foundation has done some good
Valmond@lemmy.world 12 hours ago
Name one bad historical person that didn’t do at least some good.
Your moral compass is broken.
Honytawk@feddit.nl 12 hours ago
The charity did more than some good though.
Valmond@lemmy.world 22 hours ago
Their pr firm seems to function very well at least.
Guess you’re going to whitewash bezos, musk and zuckerberg next?
LandedGentry@lemmy.zip 22 hours ago
Nope. And I sure as hell don’t white WASH Bill Gates. You don’t get to that level of wealth and dominance without cracking skulls and ruining lives every step of the way. He is not a good person. But the Foundation has done some good work. Surely this isn’t too nuanced for you to understand?
Lemminary@lemmy.world 20 hours ago
Lol no. Of all the sleazy and greasy millionaires, Gates is one of the few whose actions speaks for themselves. Dude has been doing noble causes for most of my life.
I’m all for talking shit about the rich, but it better be true.
ayyy@sh.itjust.works 17 hours ago
Search the web for “polio”
floofloof@lemmy.ca 7 hours ago
en.wikipedia.org/…/Global_Polio_Eradication_Initi…
Slovene@feddit.nl 12 hours ago
Google en passant.
victorz@lemmy.world 21 hours ago
It’s still giving money away though? Why would you want there to be taxes on charity?
fushuan@lemmy.blahaj.zone 20 hours ago
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.
binomialchicken@lemmy.blahaj.zone 14 hours ago
It’s the US, so more weapons I presume.
Allero@lemmy.today 21 hours ago
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
victorz@lemmy.world 9 hours ago
Well that’s disgusting, ain’t it. 🫤
Valmond@lemmy.world 12 hours ago
Amen
Valmond@lemmy.world 12 hours ago
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.
victorz@lemmy.world 9 hours ago
Alright dude, I don’t know much about the foundation, sorry. 🤷♂️
interdimensionalmeme@lemmy.ml 18 hours ago
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.
victorz@lemmy.world 9 hours ago
Gotcha. That sounds very bad indeed.
dan@upvote.au 22 hours ago
What type of taxes are you talking about?