3 ms·
Howard Hughes Medical Institute - In 1969, Representative Wright Patman "complained that the Hughes foundation was a tax‐evasion device," noting that the instit
by MangoCoffee 5y ago
Howard Hughes Medical Institute - In 1969, Representative Wright Patman "complained that the Hughes foundation was a tax‐evasion device," noting that the institute spent only $5.7 million for its operations between 1954 and 1961, a period during which Hughes Aircraft accumulated $76.9 million in profits. By 1975, it had also avoided certain stipulations of the 1969 reform act for charitable institutions due to legal filings by Hughes to change its operational status, with his objections going directly to the White House.
https://en.wikipedia.org/wiki/Howard_Hughes_Medical_Institute https://en.wikipedia.org/wiki/Howard_Hughes_Medical_Institut...
It seem like a good loophole for the rich to have control on where their charitable money goes to and do what. you can argue the Gates foundation is the same but Bill Gates actually doing some goods with his charitable organization like someone else said, if the charity is being use like a little piggy bank for the rich then its a crime.
- refurb 5y agoSeems like laws already exist around legitimate charitable institutions. If those aren’t being enforced now, what makes you think new laws will be?
- bialpio 5y agoIf the existing laws are not enforced, maybe it's time to remove, or at least rethink the exemptions then?
- refurb 5y agoThat doesn’t follow in the least. Are you saying we should reconsider the ban on felons buying firearms because the law isn’t enforced?
- bialpio 5y agoEither that, or change the law so that it becomes enforceable, or spend more resources on enforcement. If the law is enforced in, say, 1% cases, why is it even there? Most people who break it face no consequences, and it has a potential to be a tool to unfairly target people ("we want to destroy you so we will find a law that you're breaking that is normally not enforced and lock you away for that"). As for the specific example, yes, I think felons that served their sentence should have their full rights restored.