Davriellelouna@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · edit-23 months agoBill and Melinda Gates and Warren Buffett’s Giving Pledge after 15 years: Only 9 of the 256 billionaires actually followed through on giving away half their wealthfortune.comexternal-linkmessage-square137linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkBill and Melinda Gates and Warren Buffett’s Giving Pledge after 15 years: Only 9 of the 256 billionaires actually followed through on giving away half their wealthfortune.comDavriellelouna@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · edit-23 months agomessage-square137linkfedilink
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·3 months agoWhy would you waste $10 to save $5 in tax?
minus-squaregrrgyle@slrpnk.netlinkfedilinkEnglisharrow-up0·3 months agoIt’s the difference between spending money to have your will enacted, and having your money taken by the people, for use of the commons. The latter is a very dangerous precedent to set. You don’t want the people feeling like they can have their will enacted.
minus-squareDandomRude@lemmy.worldlinkfedilinkEnglisharrow-up0·3 months agoI can’t say how the tax avoidance strategies of the super-rich work in practice, but in any case, their feigned philanthropy is a key part of it.
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·3 months agoIt’s not. This is a common misconception based on meme level reasoning. I don’t know how this works but I know I don’t like billionaires.
minus-squareDandomRude@lemmy.worldlinkfedilinkEnglisharrow-up0·3 months agoYou need to be more specific. I’m not going to waste my time refuting your statement because I can’t even begin to imagine how you came up with that.
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·3 months agoThat makes two of us I guess. You said that you don’t know how it works, I can’t really respond to that.
minus-squareDandomRude@lemmy.worldlinkfedilinkEnglisharrow-up0·3 months agoYou said that philanthropy is not misused to avoid taxes—that is definitely wrong, but if you want to believe it, please do.
Why would you waste $10 to save $5 in tax?
It’s the difference between spending money to have your will enacted, and having your money taken by the people, for use of the commons.
The latter is a very dangerous precedent to set. You don’t want the people feeling like they can have their will enacted.
I can’t say how the tax avoidance strategies of the super-rich work in practice, but in any case, their feigned philanthropy is a key part of it.
It’s not.
This is a common misconception based on meme level reasoning.
I don’t know how this works but I know I don’t like billionaires.
You need to be more specific. I’m not going to waste my time refuting your statement because I can’t even begin to imagine how you came up with that.
That makes two of us I guess.
You said that you don’t know how it works, I can’t really respond to that.
You said that philanthropy is not misused to avoid taxes—that is definitely wrong, but if you want to believe it, please do.