Bullshit, he’s “transferring” his wealth to his own charity for tax reasons…
It’s a trick to protect his money for his children.
Why wait, just do it already.
Individuals hoarding wealth is bad for society.
Get fucked with a rusty rake bill, you helped stop the COVID vaccines from being patent exempt, among plenty of other awful shit, all for more money.
He has been making this kind of promise since the early 2000s, but never follows through. Just the goal post keeps moving to the right.
Supposedly he’s already given away half, why is it unthinkable that he’s planning to give away the other half?
While the goal post keeps moving, it’s the opposite of your statement. As explained in the article:
That target would represent a doubling in spending for the nonprofit, which has disbursed more than $US100 billion since it was co-founded by Bill Gates and Melinda French Gates in 2000. Originally, the foundation was set to close 20 years after the Microsoft co-founder’s death.
“I have decided to give my money back to society much faster than I had originally planned,” Gates, 69, wrote in a statement. “I will give away virtually all my wealth through the Gates Foundation over the next 20 years to the cause of saving and improving lives around the world.”
Give it away now instead you piece of shit. If he actually gave a shit he would have donated it all to charities already. It’s just a billionaire farse, fuck him and the rest of em.
he actually gave a shit he would have donated it all to charities already. It’s just a billionaire farse,
Just not his own goddamned
tax avoidance schemecharityYes, to actual charities.
Which are also tax avoidance schemes
Depends if you are talking about big charities or actual charities
Bank Robber vows to give away his stolen funds by 20 years from now to charities of his choosing. He’s one of the good ones! So uplifting!
Don’t advertise scum. This guys is trying to literally spend 99% of his fortune to wipe off all the shit he has done.
The most whitewashed billionaire in existence. Insane people still buy into this slush fund campaign.
Bill Gates is more evil than Elon Musk.
How so? Specifically?
Cause Musk is actively trying to destroy democracy and kill poor people.
For real, but since Old Evil Billionaire is piling on New Evil Billionaire, he becomes Sweet Old Philantropist. Gates made his fortune by stabbing everyone on the back and charging them for the knife.
What has Gates done recently?
Trying to get a monopoly on vaccines through a “nonprofit” and do neocolonialism.
https://www.wired.com/story/opinion-the-world-loses-under-bill-gates-vaccine-colonialism/
Global health czar Bill Gates had other thoughts. Maintaining his steadfast commitment to intellectual property rights, Gates pushed for a plan that would permit companies to hold exclusive rights to lifesaving medicines, no matter how much they benefited from public funding.
Given the enormous influence Gates has in the global public health world, his vision ultimately won out in the Covax program—which enshrines monopoly patent rights and relies on the charitable whims of rich countries and pharmaceutical giants to provide vaccines to most of the world. A chorus of support from pharmaceutical companies and the Trump administration didn’t hurt.
Should we be surprised that a monopolist-turned-philanthropist maintains his commitment to monopoly patent rights as a philanthropist too?
Bill Gates is about as “nonprofit” as OpenAI.
Aight, yeah, thank you! Gates isn’t that much in the headlines for the things he does, I remember him owning/buying a ton of land too now?
Yes he is the largest US farmland owner as well. Gates is evil on many levels.
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Why not hate on the billionaires who aren’t giving away billions of dollars?
Because he isn’t doing anything either. He promised to get rid of it in 20 years.
First, he’s a psychopath, I don’t trust a word he says. Additionally, in 20 years he’ll be almost 90. Aka huge chance he’ll be actually dead of old age.
And last, you don’t get to fuck the world for decades and then suddenly become a good person because you promise to stop being a shitstain in another 2 decades.
He’s been consistently donating his wealth for years.
He’s not saying he will do nothing foe 10 years
Then why does he have so much wealth? Donate more. Do more. Some isn’t enough.
Is this supposed to impress anyone?
I find it lovely that he’s racked by guilt over his legacy and tries to do something about it.
Racked by guilt? His company is helping commit genocide by providing AI tools to automatically designate civilians as targets for military strikes.
I’d rather he keeps his money and uses his influence to stop that. He chooses not to do so every day.
I don’t think he has that influence any more.
And yeah, genocide would be one of the reasons to feel guilty, but it’s far from the only one.
TaxEat the rich!Here’s the thing. Even if he lives up to this promise, it’s still him deciding where that money should go, and it won’t be towards long term support of social safety nets for the commoners. He should just have been paying his fair share of taxes all along and into the future.
…or paying his employees more.
Funny how we don’t have a popular term for the portion of an employee’s deserved wage that turns into “record shareholder profit.”
Imagine if all corporations were required to put a line item on check stubs showing how much you made them.
Who do you think Bill Gates’ employees are right now? Do you think he’s still the CEO of Microsoft? Are you referring to the Gates Foundation? If so, have you got data on what they’re paid?
Based on current spending, it will most likely be spent getting drinkable water to the majority of the world’s population.
I don’t like how he got his money, but he’s been reasonably responsible with it since his divorce.
That said, he has over $113b dollars. If he gives away 99% of it, he’ll still have over a billion dollars.
He’s been buying up huge swathes of farm land in the middle of the country. Not everything he’s doing has been philanthropy
There are books on him exposing how half of his charities are frauds. Given his past records humanity should be wary of putting this man anywhere near anything drinkable or useful
Behind the bastards has a good two parter on him. I wouldn’t say he’s been responsible with it.
While I’m all for taxing the rich more than the current system of not at all, I think in the long term it would be better to instigate or modify systems so that we don’t get these exceedingly greedy people going unchecked in the first place. How about a cap on the ratio between the highest and the lowest paid employee in any organisation for a start? Boss wants a raise, everyone gets a raise.
Yeah but that’s communism, so no way it would’ve ever happened. The average American voter thinks they can become billionaires some day.
Does the word communism even have meaning any more, or is it just something to yell when confused people get confused?
I’m using it sarcastically
I know, I caught the silent /s at the end of your post :) You are referring to people who don’t use it sarcastically - does the word communism have meaning left when they use it?
“Communism” like we ever had real communism.
This is him avoiding estate taxes, change my mind.
How much would his estate taxes be vs giving up 99% of his fortune?
Bill Gates uses his “charity” to exert influence worldwide and demand stuff in return.
If this man was truly giving away his money then world hunger would have been solved by now.
Even on lemmy his marketing pr is successful
What stuff has he demanded in return?
He heaivily invests in vaccines and pharma companies. And he keeps the vaccines patented.
See also this great video https://youtu.be/i8w3qPwpzZA
Sorry, what stuff has he demanded in return ?
He holds the patents on the vaccines which he acquired using a “nonprofit”.
Do you think Sam Altman is also graciously saving the world with his “nonprofit”?
I mean if I want my next of kin/whoever to get my money, it’s better to do it while alive when you can get creative with the accounting. Especially when you’ve got Gates money and setting up something like a nonprofit is relatively easy.
Once you’re dead and you’ve got this lump declared assets you’re trying to pass on that Uncle Sam will take up to like 40% of.
If only there was some way to see what the non-profit was doing, some kind of third party auditor or something.
…and still be a billionaire.
Why should oligarchs get to decide where the proceeds of their exploitation get spent?
Where do I sign up
The sad thing is that even if he gives away 99% of his wealth he will still be obscenely rich. Multitudes richer than the average man.
That’s not necessarily sad. It can show all these billionaires that they will still be ridiculously wealthy without hoarding
But they’ll drop hundreds of places on the leaderboard!
