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Everybody's getting way too caught up in the structure of this pledge. Yes, he could use an LLC as a way to accrue more wealth. But it's just as possible to u
by notatoad 11y ago
Everybody's getting way too caught up in the structure of this pledge. Yes, he could use an LLC as a way to accrue more wealth. But it's just as possible to use a registered charity as a way to purchase influence and avoid taxes. Whether it's through an LLC or a charity, the amount of good he accomplishes will be entirely down to his intentions and the effort he expends on his philanthropy.
It's too early to judge. This could be just pure good, it could be a tax dodge, it could be a PR move, or it could be good intentions that don't get followed through on. We won't know until his foundation actually starts spending this money.