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Question about Bezos

Posted on 11/17/22 at 10:16 am
Posted by burger bearcat
Member since Oct 2020
8826 posts
Posted on 11/17/22 at 10:16 am
I saw somewhere he said he is giving away his entire fortune to charity. What exactly does this mean when these mega billionaires say this? This is not the first time I have seen one of these guys say or do something similar. If I'm not mistaken Zuckerberg and Bill Gates have also said such things. I assume it's some sort of ploy to hide or reallocate their assets to avoid being taxed, etc.
Posted by gizmoflak
Member since May 2007
11659 posts
Posted on 11/17/22 at 10:18 am to
quote:

I assume it's some sort of ploy to hide or reallocate their assets to avoid being taxed, etc.


Bingo.


He might as well have said, "I'm giving all of my money to a charity .... owned and controlled by me"
Posted by PrecedentedTimes
Member since Dec 2020
3109 posts
Posted on 11/17/22 at 10:28 am to
Someone needs to redpill him. It can be done. A while back he went on a Twitter rant about Biden’s spending causing runaway inflation.

We need billionaires in the MAGA movement; they do the fricking in this country
Posted by GhostOfFreedom
Member since Jan 2021
11660 posts
Posted on 11/17/22 at 10:33 am to
quote:

We need billionaires in the MAGA movement


Butt, do we want one that not only looks like a dick head, acts like a dick head, butt also road a stubby dick shaped rocket into space?

This post was edited on 11/17/22 at 10:34 am
Posted by rltiger
Metairie
Member since Oct 2004
835 posts
Posted on 11/17/22 at 10:40 am to
You have billions, the government takes 40% over 12 million, so you start a 501c3.

You can now put sizable assets into that entity and generations can live off of it forever.

Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18584 posts
Posted on 11/17/22 at 10:43 am to
Yes it’s a charitable foundation/trust with 501c(3) exemption.

The heirs sit on the board and get paid handsomely, travel on the foundation’s dime everywhere they go, and live like kings all the while handing out 10-15% of the earnings a year.

Look at the Clinton, Obama, Bush crime family foundations for examples.
Posted by idlewatcher
County Jail
Member since Jan 2012
78910 posts
Posted on 11/17/22 at 10:51 am to
Owner of North Face did the same. It's to protect your assets.
Posted by LSUTIGER in TEXAS
Member since Jan 2008
13604 posts
Posted on 11/17/22 at 11:02 am to
quote:

Someone needs to redpill him. It can be done. A while back he went on a Twitter rant about Biden’s spending causing runaway inflation.
dude…


Amazon is in bed with the CIA for god only knows how long. Bezos as their front man is compromised, 100% deep state piece of shite. He doesn’t have the option to flip sides
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