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[-] nulluser@lemmy.world 150 points 1 month ago

~~Tax~~ Eat 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.

[-] adespoton@lemmy.ca 81 points 1 month ago

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.

[-] Draces@lemmy.world 40 points 1 month ago

Behind the bastards has a good two parter on him. I wouldn't say he's been responsible with it.

[-] Bronzebeard@lemm.ee 20 points 1 month ago

He's been buying up huge swathes of farm land in the middle of the country. Not everything he's doing has been philanthropy

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[-] madeinthebackseat@lemmy.world 23 points 1 month ago

...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.

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[-] SpruceBringsteen@lemmy.world 21 points 1 month ago

This is him avoiding estate taxes, change my mind.

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[-] Crashumbc@lemmy.world 72 points 1 month ago

Bullshit, he's "transferring" his wealth to his own charity for tax reasons...

It's a trick to protect his money for his children.

[-] MimicJar@lemmy.world 20 points 1 month ago

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

[-] Dragonstaff@leminal.space 25 points 1 month ago* (last edited 1 month ago)

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.

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[-] crank0271@lemmy.world 71 points 1 month ago

I've been sending his chain emails along since the 90s so he owes me some serious interest.

[-] Libra@lemmy.ml 50 points 1 month ago

...and still be a billionaire.

Why should oligarchs get to decide where the proceeds of their exploitation get spent?

[-] polyamorypagan69@lemm.ee 46 points 1 month ago
[-] boydster@sh.itjust.works 40 points 1 month ago* (last edited 1 month ago)

Doesn't that leave him still with something like $2 billion? I'm not knocking the philanthropy, but also, his safety net is going to remain about $2 billion dollars larger than ~~mine~~ most every other human being on this entire planet. And it will continue to accrue value at a higher rate than inflation as long as the good ol' American engine keeps on chugging along as normal.

From his vantage point, this sacrifice will likely impact neither his daily lifestyle nor his long-term comfort one iota.

It's a great thing he's doing, and I want to be clear about that. He's giving a boatload of money to charity. And I also don't know what else he might be doing with the remainder. I might be being an asshole. I haven't even read the article. I just saw that fuckin guy and the shining headline and had a strong reaction.

(Edited)

[-] rouxdoo@lemmy.world 30 points 1 month ago

I wouldn't for a second think or hope that he endures the distress of poverty or feeling needy given where he started - he has tried to do good with his fortune and that is good enough for me...he is doing what he can for the world around him and should be comfortable as he does so. I hope to find my own (much less extravagant) comfort some day.

[-] HexadecimalSky@lemmy.world 20 points 1 month ago

and thats the thing there are some who could realistically give away 99% of thier wealth and still individually be rich beyond belief. I hope it spawns some Rockefeller thing where the rich realize they can eat thier cake and have it to, they can be unbelievably rich and donate unbelievable ammounts of wealth, leaving a huge, arguably postive mark on history.

[-] spooky2092 39 points 1 month ago* (last edited 1 month ago)

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.

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[-] Godric@lemmy.world 38 points 1 month ago
[-] Fredthefishlord 18 points 1 month ago

Bill gates isn't actually going to do this....

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[-] warm@kbin.earth 36 points 1 month ago

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.

[-] spooky2092 20 points 1 month ago

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 scheme~~ charity

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[-] jonjuan@programming.dev 32 points 1 month ago

Why wait, just do it already.

Individuals hoarding wealth is bad for society.

[-] FlashMobOfOne@lemmy.world 31 points 1 month ago

Maybe pay some fucking taxes first, Bill.

[-] JohnEdwa@sopuli.xyz 34 points 1 month ago* (last edited 1 month ago)

I'm fairly certain he pays every last cent he government asks of him.
The problem is that the government has been unwilling to ask for more, and the current one certainly won't.

He has been advocating for higher taxes for while though, like backing the Washington Income Tax initiative with his father:

Bill Gates Sr., father of the Microsoft Corp. co-founder, and about two dozen other supporters of Initiative 1098 turned in 350,000 petition signatures Thursday in Olympia, many more than the roughly 241,000 required to get on the ballot. The campaign says it will turn in an additional 20,000 Friday. Gates said that it was time “to make our tax code fair for the middle class and small businesses.”

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[-] geneva_convenience@lemmy.ml 30 points 1 month ago

The most whitewashed billionaire in existence. Insane people still buy into this slush fund campaign.

Bill Gates is more evil than Elon Musk.

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.

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[-] jaybone@lemmy.zip 29 points 1 month ago

Is this supposed to impress anyone?

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[-] electric_nan@lemmy.ml 28 points 1 month ago
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[-] CosmoNova@lemmy.world 27 points 1 month ago

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.

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[-] Jhex@lemmy.world 26 points 1 month ago

he has been milking that good will cow for decades

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[-] DreamAccountant@lemmy.world 25 points 1 month ago

Sure, I'll do it after I'm dead.

Or maybe not. Guess you'll have to outlive him to find out if he's just a scummy billionaire like the rest.

Someone's public relations department is working overtime so Billy boy doesn't get eaten.

[-] assaultpotato@sh.itjust.works 15 points 1 month ago

? This isn't the giving pledge, which is ALSO still active. The Gates Foundation is massively increasing its budget so it won't survive in perpetuity, trying to fill a portion of the gap created by the death of USAID.

There are many things to be mad about. This is not one of them.

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[-] storm 25 points 1 month ago

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

[-] echolalia@lemmy.ml 22 points 1 month ago* (last edited 1 month ago)

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!

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[-] rational_lib@lemmy.world 22 points 1 month ago* (last edited 1 month ago)

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.

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[-] brachiosaurus@mander.xyz 21 points 1 month ago

Don't advertise scum. This guys is trying to literally spend 99% of his fortune to wipe off all the shit he has done.

[-] null_dot@lemmy.dbzer0.com 19 points 1 month ago

Why not hate on the billionaires who aren't giving away billions of dollars?

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[-] Maxxie 19 points 1 month ago

I'll give him credit for it when it fucking happens

[-] chemicalprophet@slrpnk.net 18 points 1 month ago

To his charity? Oh Bill, you shouldn’t have. Go fucking die billionaire scum…

[-] PunkRockSportsFan@fanaticus.social 18 points 1 month ago

Here’s the thing

The billionaires stole their wealth from us.

They think we just want our money back.

When we just want billionaire blood.

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[-] filister@lemmy.world 17 points 1 month ago

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.

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[-] NigelFrobisher@aussie.zone 16 points 1 month ago

Though it’s better than hoarding, a billionaire can’t even give away their money without wielding a dangerous amount of influence on all of our lives.

[-] FireAtWill@lemmy.world 16 points 1 month ago

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.

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[-] conditional_soup@lemm.ee 16 points 1 month ago

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.

[-] whome@discuss.tchncs.de 16 points 1 month ago

Using all his money and influence to advocate taxing the super rich significantly would be helpful.

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[-] reddig33@lemmy.world 15 points 1 month ago

He should open low cost private schools and libraries. We’re going to need them.

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[-] Lost_My_Mind@lemmy.world 15 points 1 month ago

enters the lottory

What? Is that not how this works?

[-] Bluefalcon@discuss.tchncs.de 15 points 1 month ago
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this post was submitted on 09 May 2025
537 points (100.0% liked)

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