To his kids and their charities? Reminder that Bill gates is every bit as exploitative and evil, he didn’t become a billionaire by paying fair wages. This is all PR to try and save his reputation as everyone turns on billionaires. Like buffet, he just shuffles his money to his kids and calls it charity
Ikr fuck this guy.
Can we quit running billionaire’s PR campaigns for them? These people are not our friends, and giving back a portion of what they stole (always in the most public way) doesn’t change that
Don’t give it away.
If you really want to help people, buy media, buy politicans and get REAL change that will actually last.
You giving money to random charities does fuck all, except give you tax breaks.
We need change in the political system so that we don’t need fucking charities for basic needs.
He does give money to politicians and the Gates Foundation does as well:
Still leaves him with just over $1 billion, enough for his great great grandchildren to live comfortably forever. Don’t be fooled, this is about tax breaks, not charity. Once you have over a billion in wealth, you’ve won the game of life. There’s nothing you can’t buy, there’s nothing you can do.
Is it really about tax breaks, when the US doesn’t have a wealth tax? Would it prevent his children from dealing with inheritance tax?
Sorry Bill but it’s too late and not enough. I still want to eat the rich and that includes you.
Although I‘ll admit if all billionaires did this instead of - oh you know - investing in fascism and actively dismembering democracy globally I might feel different about this. But as things stand I am done with billionaires. We cannot coexist. Simple as that.
I’ll give him credit for it when it fucking happens
Bill Gates is 69. By 2045 he’s going to be 89. What’s he going to do with all that money at 89 anyways, after he kept it all his life.
These people usually give it to their children to establish modern nobility.
Gates is an unusual man who deserves a lot of praise. Most billionaires only want to build monuments to themselves. Gates has picked off a lot of projects that have virtually no chance of being funded by anyone or anything else. That’s epic and legendary.
Agreed.
We eat him last.
Bill Gates deserves a lot of shit for creating the original big tech monopoly. But I’ll say this about him: At least he’s not hoarding his money to build a secretive compound to hold hundreds of kids he spawned with right wing crazy women for the purpose of creating a future master race.
How do you know this? It would cost less than 1% of his wealth, and it was an objective of his good friend Jeffrey Epstein.
Maybe pay some fucking taxes first, Bill.
I’ll take whatever win I can get at this point. I just hope that it’s actually going to good causes that will actually help people and not just bullshit money laundering “charity” shell games.
People don’t usually write public annual newsletters about their money laundering schemes.
Because people aren’t usually rich enough to be able to set up tax exempt foundations.
Right, but then why would he constantly talk about it? Why wouldn’t he just say “yeah, I donate a lot to charity”, feign ignorance about the concept of effective charities, and then arbitrarily dole out money to a mix of innumerable small local charities and shell charities which feed back into his pocket? Like, the number one rule of doing crime is “don’t draw attention to yourself when you are committing crime”. You don’t announce to all your coworkers that you are going to the kwikymart 5 minutes before you rob the kwikymart.
he has been milking that good will cow for decades
And it’s working. His charity is extremely visible, while the public doesn’t understand how much he took and deadweight lost with his monopoly.
It’s like a burglar breaking your window, stealing your TV…
…
Years pass…
…
Here have a free TV! I am so generous!
But his charity works abroad a lot, so isn’t it more like a burglar stealing your TV, selling it and buying lifesaving drugs for third world children for the money?
lobbying the gov for strict IP law, he buys pharma stock before awarding the contracts for buying all the drugs to make money on that as well
Billions in deadweight losses 30 years ago is part of why they aren’t already making their own lifesaving drugs by now, and why the drugs are still so expensive. He stole their TV too.
Do it now motherfucker.
It takes planning and must be done in stages? I suppose he does start with it now.
Yeah, I mean, a quick Google search shows his net worth at 133b. 113b x 0.01 = 1.13 billion dollars.
For context, bill is 69 yo, and the average US male lives to about 76 yo. That’s a difference of six years, or 2190 days. That means that Bill would have to scrape by on just $519,000/day.
That sounds an unbearable way to live. /S
THIS. EXACTLY THIS.
Bullshit, he’s “transferring” his wealth to his own charity for tax reasons…
It’s a trick to protect his money for his children.
Not according to the opening sentence?
The Gates Foundation plans to give away $US200 billion ($313 billion) over the next 20 years before shutting down entirely in 2045
I’ll believe it when I see it. He’s evil and always has been.
He was anti-competetive towards Netscape navigator, admitted guilt and paid for it, since then he’s putting his money where his mouth is. Anything else I left out?
Microsoft has gone to shit after he left.
Lemmy sounds exactly like magas
