Didn’t he say this a decade ago and is now more rich than he was back then?
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:
If you really want to help people, buy media, buy politicans and get REAL change that will actually last.
Did he stutter?
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
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.
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.
Behind the bastards has a good two parter on him. I wouldn’t say he’s been responsible with it.
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
…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.
That term is wage theft: https://en.wikipedia.org/wiki/Wage_theft
Too knee jerk. Needs “tax” incorporated as it’s so unpopular.
Employee value index?
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?
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.
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.
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.
Absolutely.
The problem is that we live in liberal-democracies [as in, a certain type of democracy] where systematic mass media bias and financial corruption of the political system are ingrained from the start. It’s not merely coincidence that almost every country has ended up like this. It’s the inevitable trend of capitalism, a system that rewards corruption and that can’t be leashed without worker power.
The bottom line is that such reforms would be nice, and I support any viable effort at making them happen, but at the end of the day, we’re asking the owning class to give themselves less money. And unless you have mass worker-class power to threaten them, their answer is going to be “no” with a dash of “protesting is now more illegal”. Historically speaking, the owning class don’t give up any serious concessions without going to violent war.
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?
Honestly, it might just be creeping closer to “social”. As in, concerning a society. Things like bike lanes and healthcare.
It means when the government helps people that aren’t me or people I like, or fails to hurt the people I don’t like.
“Communism” like we ever had real communism.
Communism is a word with different legitimate meanings and it sound like this comment is conflating two of them.
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The communist movement, guided by the various theories within Marxist schools of thought. [as you can see, there’s a huge range of ideologies in this school of thought, and a few different ones have become ruling governments, and any claiming to be the one true ‘real communism’ are being arrogant and ignorant]
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Communist society, a society with a socialist mode of production replacing the capitalist mode of production, which those theories are trying to achieve. This has not been accomplished by a post-industrial society.
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Because it’s a dream that would suffer the same fate that capitalism does.
I’m so glad we have you here to finally tell us how everything works. Thank god.
Do you feel like this has been a meaningful addition to anything? Are you capable of discussing without attacking your opponents?
- Thats an excellent question. Do you apply it sometime? 2. Do you think youre somehow entitled to spew nonsense and not be called out for it?
I’m stating an opinion, you’re the one screeching nonsense.
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
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
Sure. The Gates Foundation gives the money to the Totally Not A Tax Dodge foundation which quietly pays the Gates kids as much as they want. I’m sure it will be more elegant than that, but that’s the basic grift.
Meanwhile, Gates uses his reputation as a philanthropist, and all the soft power from controlling billions to further his own interests and cement his personal philosophy as the only option.
The charity means that the American people have no control at all over how the money is spent, so the plebians have to beg at their door for money to be used in the way that Gates says it must be used.
foundation which quietly pays the Gates kids as much as they want
Any sources?
You’re asking me to cite a source for Gates’s donation to the “Not a Tax Dodge Foundation”? After I said "I’m sure it will be more elegant than that, but that’s the basic grift. ”
Please go look up the term “hypothetical”. You might want to investigate the Onion too.
No, I’m asking for articles about payments made from the Gates foundation to the Gates children.
It’s the first I’ve heard of this and I’d like more details.
I will say, the business of fake charities is so common that it does sound almost preferable to make their own, and actually understand where aid is needed in the world.
It’s an old topic for me, but I do remember hearing about the B&MGF working on clean water solutions in other parts of the world.
Also; Warren Buffett recently pledged to the charity, while having his own trust for his kids. That action wouldn’t make sense if the charity just existed to protect family.
American people have not been known for wise choices lately.
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
“plans”
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.
Isn’t he literally the only billionaire who has been donating a lot over the years?
But yes, fully agree. There’s no reason any person should be that rich. They’re cause and symptom of a fucked-up system
How did he get to be a billionaire? By standing on the throats of others, he could not have created that wealth without harm.
Yes I’m not disagreeing
I think a big problem with our financial system is people with wealth have the ability to siphon wealth out of companies through the stock market. Ultimately that company is paying shareholders with profit generated by the workers. A billion invested with just 5% dividends would take many lifetimes of constant work for an individual to pay off a single time, let alone every year. Yet that’s how it is. Billionaires get richer and richer and their blood sucking proboscis gets bigger and bigger.
We live in a financially feudal society where the Lord’s have no responsibility to tend to the land.
Absolutely not. I think others give a bit less, but they’re just not public about it.
Warren Buffet makes $5B annual donations to charities. He’s an investor, so if he gave it all out as a lump sum, he wouldn’t be able to make more to donate next year (and aside total received, many charities work better with consistent yearly funding)
McKenzie Scott (Bezos Ex-Wife) is doing what she can to get the divorce money to where it normally doesn’t land, so if we eat the rich, i’d currently say she’s off limits, pending good behavior.
Dinner sentence with reprieve.
To his charity? Oh Bill, you shouldn’t have. Go fucking die billionaire scum…
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.
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.”
Supposedly he’s already given away half, why is it unthinkable that he’s planning to give away the other half?
Because good people don’t hoard wealth to begin with.
He does this so people don’t hate him for helping to destabilize the global economy.
I think only allowing bad people to hoard wealth would be a moral failure if a good person had the opportunity to choose.
I’ve been sending his chain emails along since the 90s so he owes me some serious interest.
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.
I’ll give him credit for it when it fucking happens
Using all his money and influence to advocate taxing the super rich significantly would be helpful.
He does actually. https://observer.com/2024/09/bill-gates-bernie-sanders-tax-wealthy/
He and warren are some of the smarter billionaires, they realize having infinite money is not actually very useful.
Not to say there’s any thing good about there being billionaires in the first place, but there is a spectrum.
Buffet has rescinded his giving in favour of leaving a trust to kids…who are senior citizens. If you cant stand on your own by then, you dont deserve to make it.
His son recently gave half a billion to Ukraine, out of pocket. I get the impression they At least have their minds on the right side of history.
What would be great is if the trust is designed to be given to charities, rather than for his kin’s space flights. But they may do that anyway.
The other gave money so he could ride along with ICE
I don’t believe there is a spectrum at all. If you keep going to get to that level of wealth you have a fucked up mind. Most people would be content and stop.
Now I could see that if you make something and go from nothing to selling for a billion then maybe, but even then I’d want rid of most of that wealth as I don’t need that much.
Well if you just manage your money properly, it grows. I would argue it’s better to do that and give you money away rather than not manage your money properly. In the end, more money goes to good causes that way.
If they “stopped” that would mean leaving their money in a bank account sleeping. The only entity benefiting from this would be the bank.
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.
Yes, but, why does he have to spread the spend now over 20 years? After which he still has like a billion left. If he gave that all away, those 99% right now, he still would be a billionaire AND have maximum impact with his money. Sorry, he can’t be excused either. Good intention but again there is some ulterior motive behind this “slow” spending. Like always.
He could be rapping kids and that would still be less nefarious than having created windows
So many bsods
