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Think about it for a second. He didn't really give the money away he gave it to a charity he controls. That gift reduced the amount of taxes flowing to the pu
by wolco 9y ago
Think about it for a second. He didn't really give the money away he gave it to a charity he controls. That gift reduced the amount of taxes flowing to the public/government vs if he cashed in the stocks himself personally.
You and I are paying more on a percentage basis to the government.
- adventured 9y ago> Think about it for a second. He didn't really give the money away he gave it to a charity he controls. He is in fact giving immense sums of his money away. You should indeed think about it for a second. The Gates Foundation has expended tens of billions of dollars so far. Fact quote from their site: "Total grant payments since inception (through Q4 2016): $41 billion" "Total 2016 Direct Grantee Support: $4.3 billion" That is an extraordinary sum already. That money is gone, it is not under their control. They're spending $4.x billion per year at this point, that money is non-recoverable, it gets spent. Over time, the fortune is extinguished, as they're forced to give 5% per year. Get it?