I'd like to think, I'd do this. But I'd also buy like Newcastle United and a bunch of soccer players, as a treat.
Honestly fuck amazon for evading taxes, skating on taxpayer benefits and knocking out small american businesses. i feel very differently about this than 2 years ago Sprear that paper around Mackenzie
As someone who supports a non-profit, where would one write to ask for some of that sweet, sweet money?
Probably not good for the future of human happiness if billionaire altruism is the secret sauce. Example on the millionaire scale: Bill Barr was worth $40 million and 68 when he wrote a 20 page love letter to Trump because he wanted to be Attorney General, as Barr reckoned Jeff Session was evil enough to secure Trump's and Fox New's America. A person who has amassed $40 million based on his corrupt pardons of Iran Contra in his first stint as AG, wants another bite of the apple to make $40 million more in the private sector after he is 70. To what purpose?
I don't disagree, and I certainly favor a much higher tax rate for anyone who makes over, say, $5m a year, but I think giving tax breaks in a big way for people who donate to causes (not their own private foundations) like universities, non-profits, arts organizations, shelters, and the like is a noble thing. It's increasingly rare that you have someone like a Carnegie who, even if a shitty person who runs a shitty business, gives a majority of their wealth for the public good. But maybe there are too many loopholes already to make that a reality.
Yes. She also did donate 10% of her net worth this year. Which is commendable. Bezos gave 100 million to food banks in April, which is roughly 1/3 of what he’s estimated to make in a day
The tax breaks we currently have, and more specifically the definition of "charities" is how billionaires like the Koch brothers have built up the right wing super pac machine. They give to charities built to elect right wing politicians who will deregulate and lower taxes. And some art museums so they will be honored, and keep the public off their backs. The biggest scandal no one pays attention to in America. All legal.
My point was that they usually do it through foundations. If we can work out that legal bugaboo, that would fix a lot. But when the NFL is a non-profit...
I'd kill the tax status of foundations completely. But the deep state has rebuffed my efforts to seize power so far.
The class I took on nonprofit taxation could be alternatively named, “how to run a college football bowl game and pay minimal taxes.” If I recall correctly, things like concession sales were taxable income but pretty much everything else was not. The law surrounding private foundations desperately needs reforming. Also, the NFL forfeited its tax exempt status FYI
He also pledged to donate $10 billion to fight climate change and did the first $791 million of that just a month ago. https://www.washingtonpost.com/climate-environment/2020/11/16/bezos-climate-grants/
So I can only assume you're donating each year as well? Also you're not helping the problem by ever ordering anything from Amazon are you?
Nice meme. You didn't answer the question about that stench of hypocrisy coming from your glass house. Always easier to spend someone else's money isn't it?
i can credit her for doing it while also noting that it’s an unsustainable system, that she’s made the money she donated back and then some this bc of her stake in Amazon, and also it could be fixed by having a good tax system. She’s writing off her taxes. She’s better than most but it’s still a busted system that glorifies tax cheating What a rube. The idea you have to be ethical to criticize an unethical system is asinine and a gotcha used to shut up anyone you disagree with. It’s clownish
Ahhh the old do as I say, not as I do approach. I guess I just subscribe to the mindset of appreciation when a guy publicly pledges $10 billion to fight climate change. I find it counter intuitive to shame him for doing it for any reason. After all, he doesn't have to give anything.
right. That’s what I’m saying. One doesn’t have to. It’s unsustainable because eventually they won’t. Appreciate them for their work, that’s fine. but realize that it’s a failure that we’re in this position to begin with we’re better off just taxing them
I guess maybe I'm arguing with chuds that think climate change isn't real. If that's the case then your takes make more sense.
Or we could tax him adequately and break up his company since no one person should have that choice in the first place.
What a remarkable thing to say in this context I’m not saying they’re bad for doing good things. I’m saying the good things done are a result of our failed government and system that the billionaires helped create. It’s not fixing the problem it’s just perpetuating it and creating a reality where we have to depend on the generosity of people who are richer than anyone needs to be
Before you get even more bent out of shape... https://techcrunch.com/2019/09/19/a...emissions-by-2040-and-100-renewables-by-2030/
You should look a bit more deeply into these things (that he was pressured into doing by the threat of work stoppages). Like for instance... https://www.nytimes.com/2020/02/17/technology/jeff-bezos-climate-change-earth-fund.html
Dear Ted Cruz Cc: Dan Crenshaw When you aren’t podcasting, tweeting, campaigning in another state, and making pretend marvel comic movies where you fight antifa, will you please work for sound tax policy so the wealthiest people on earth pay their share? I look forward to you becoming different people.
Sure...they're a huge company. Who would've thunk it?!? I for one am happy to see they're working hard to make changes. You can keep bitching about it while renewing your Prime subscription. Guess we have 2 different mindsets.
One thing that is getting overlooked is that $40 million doubled the endowment of some of those universities while many non HBCUs have endowments in the hundreds of millions and billions.
I feel pretty confident that Redav ’s net contribution to human suffering, exploitation, and global warming is far less* than Amazon’s, even considering the monetary contributions, so I think he’s ethically in the right. *unless you count his post quality on tmb heyoooooooooooooooooooooooooooo
I have about the smallest footprint an individual american can have.. I do not subscribe to the mindset of completely cucked appreciation, am I allowed to complain itt? Someone halp
Mackenzie Scott is like in the top 5 of people actually doing public good with insane wealth. Any criticism of her is essentially invalid until she starts hunting poor people or something. Bezos doesn’t make 300 million dollars a day, he makes a lot, but lol at 300 a day. Do some math bro.
Working with the increase in Bezos’s net worth, you can calculate what he makes per second this year. Bezos has added $67.4 billion to his net worth so far in 2020 as of Aug. 12 or over a span of roughly seven and a half months. He is making about $8.99 billion a month or $2.25 billion per week this year. Breaking the amount down more, Bezos is making about $321 million a day, $13.4 million an hour, $222,884 a minute, and $3,715 a second this year.