“I will give away virtually all my wealth”: The Microsoft billionaire has pledged his foundation will distribute $US200 billion over the next 20 years.
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.
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.
To enhance his public image and disguise the fact that the foundation is set up to enhance the rest of Bill’s portfolio. The funds share the same fund manager.
If Bill is so philanthropic, why does he keep $110bn outside his charity and only $42bn inside.
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.
To enhance his public image and disguise the fact that the foundation is set up to enhance the rest of Bill’s portfolio. The funds share the same fund manager.
If Bill is so philanthropic, why does he keep $110bn outside his charity and only $42bn inside.
It’s all for PR and tax savings.
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