Videogirl on 12 March 2009
| justinian said: Good for Gates, even if he is $18B poorer. As for his charities that's can just be PR to get people to say "Wow, what a generous man, I'll support his company". He will also eventually get a noble prize for it. On the other hand he can really be a nice guy and gives it from the heart but the publicity surrounding each donation negates this in my opinion. I will take a bit of both for now. |
When people know how Foundations work they realize it's one of the best way to safeguard money. Not only the money is not considered to be yours anymore, lowering considerably your Wealth tax, but foundations are exempt of other contributions and can invest part of their means. Place trustworthy persons in the Foundation Executive Board who are basically paid to execute your orders, give a few millions here and there to justify the foundation's existence and gather some positive publicity and it's a win-win situation.
