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Here’s how much America’s billionaires give to charity, in one chart
- Thread starter ZiprHead
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I wonder why everyone is hating billionaires all of a sudden. Don't they realize they create jobs for people and open stores in new areas for people?
The other day Jeff Bezos gave 100 million to homeless causes and what did leftists say, "Ha! He should've given a billion to the homeless!" As if all these leftists on their cheeto dust keyboard have even given $1 to any charity this year. It's comical.
Why does this generation want to steal from those who earned their money and give it to people who refuse to work?
If everyone stopped shopping at Amazon, Jeff Bezos wouldn't have made all this money!!! How do people not realize this? The reason his warehouse workers work in terrible conditions is because the greedy consumers want their stuff delivered fast and right now! This means the workers have to pick up the slack so these people can get their goodies on time. It's not Bezos' fault he's making all this money. It's the people who keep using Amazon. Can you imagine if the warehouse workers were told to take their time and don't worry about it? Leftists would be the first ones complaining, "Why is my order taking 3 days to get here instead of 2?!?!?!?"
Can anyone refute this truth bomb I just dropped? Doubtful. Can't refute truth.
The other day Jeff Bezos gave 100 million to homeless causes and what did leftists say, "Ha! He should've given a billion to the homeless!" As if all these leftists on their cheeto dust keyboard have even given $1 to any charity this year. It's comical.
Why does this generation want to steal from those who earned their money and give it to people who refuse to work?
If everyone stopped shopping at Amazon, Jeff Bezos wouldn't have made all this money!!! How do people not realize this? The reason his warehouse workers work in terrible conditions is because the greedy consumers want their stuff delivered fast and right now! This means the workers have to pick up the slack so these people can get their goodies on time. It's not Bezos' fault he's making all this money. It's the people who keep using Amazon. Can you imagine if the warehouse workers were told to take their time and don't worry about it? Leftists would be the first ones complaining, "Why is my order taking 3 days to get here instead of 2?!?!?!?"
Can anyone refute this truth bomb I just dropped? Doubtful. Can't refute truth.
ruby sparks
Contributor
FIFY
You're cruising for a facepalm, pal.
Even Trumpety Bumpenstein acknowledges Amazon don't pay their taxes.
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That's a left-wing lie. They paid zero federal taxes. There's a difference between that and "NO TAXES!!!!!" The left is trying to fear monger you.
And I notice you didn't even refute what I said. Is Bezos the greedy one? Or are the consumers the greedy ones who want everything RIGHT NOW, which causes the warehouse to become absolute chaos?
In your fantasy world, please tell me who should get the profits of Amazon?
Who should get the profits from Facebook?
Who should get the profits from Microsoft?
My answer is the people who created them should get the profits. Otherwise, you have no incentive for innovation.
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I certainly cannot. You have me convinced my good sir with your well researched and thought out argument. Kudos. However, I would point out there is an overwhelming amount of evidence that proves obscene pay packets for CEOs are harmful to businesses.
Harry Bosch
Contributor
Well, wealth doesn't equal cash. I'd be curious as to what their charitable giving is as a percentage of their yearly income.
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True. You gotta take into account that private jet and the fourth 300 ft yacht. into the percentages.
Derec
Contributor
True. Much of these guys' wealth is tied in their companies' stock.
Yeah, lets have a look.
Bezos--most of his money is Amazon. Amazon doesn't pay dividends. He doesn't have a huge income.
Buffet--most of his money is Berkshire Hathaway. Berkshire Hathaway doesn't pay dividends. That giving is far above his income. IIRC by at least 100x.
ruby sparks
Contributor
I agree that a fart can't be refuted. It can however be refarted, as your post shows.
Even Trumpety Bumpenstein acknowledges Amazon don't pay their taxes. On second reading, you might now notice that the words 'no' or 'any' are not in that sentence. If you want to put the word 'enough' in, I'm good with that. Trumpety Bumpenstein acknowledges Amazon don't pay enough taxes.
My understanding is that they send the money to charity instead. So that's good.
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So is much of their giving...
Harry Bosch
Contributor
Not sure what you are saying here. Amazon pays tons of taxes: payroll taxes, property taxes, sales taxes, State taxes, nexus taxes, international and etc. They aren't currently paying federal taxes as their NOL (net operating losses) has reduced their current taxable income.
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ruby sparks
Contributor
I subsequently clarified to and amended for Half-a-Life.
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thebeave
Contributor
A lot of these billionaires have pledged to donate essentially all of their fortune to scientific research and charitiable causes upon their death. So, its not like they're done yet.
And is it really appropriate for us "regular people" to denigrate and shame rich people for not contributing enough? Like most people, at the end of my life, I can lay claim to having donated some used clothing and goods to Salvation Army and pledged a few thousand dollars to various needy organizations. At the end of his life, Bill Gates' donated billions will have provided vaccinations that have wiped out (or severely diminished) horrific diseases around the world as well as providing sanitation and clean water to impoverished countries. Not to mention billions in contributions to medical research. Sorry, if I can't stand on my soapbox screaming through my bullhorn about him and other billionaires not doing enough to improve the human condition.
And is it really appropriate for us "regular people" to denigrate and shame rich people for not contributing enough? Like most people, at the end of my life, I can lay claim to having donated some used clothing and goods to Salvation Army and pledged a few thousand dollars to various needy organizations. At the end of his life, Bill Gates' donated billions will have provided vaccinations that have wiped out (or severely diminished) horrific diseases around the world as well as providing sanitation and clean water to impoverished countries. Not to mention billions in contributions to medical research. Sorry, if I can't stand on my soapbox screaming through my bullhorn about him and other billionaires not doing enough to improve the human condition.
RVonse
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There should be incentive to innovate I agree. But after a certain point of success, the workers should be more entitled than they are. And they would be other than the ability to collectively bargain has been systematically dismantled since the Reagan administration. The pendulum must swing back or the middle class will be completely destroyed.
By allowing the workers to bargain higher wages that not only increases their well being. But becomes a huge consumption boost to the economy. Which at that point really does trickle down to the poor.
With collective bargaining everyone becomes better off except for the billionaires. Look to Germany for the example.
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Harry Bosch
Contributor
I think that there are three great world problems that a few billionaires might be able to fix that the world's governments cannot: 1) cleaning the oceans; 2) reducing carbon; 3) colonizing Mars.
Elixir
Made in America
Then why. as an Amazon vendor, does Amazon send out last minute notices that they have opened a nexus in yet another new State, I end up paying the nexus tax, the State tax and the local sales taxes?
(Hint: because Amazon does NOT pay them unless the product is of their own manufacture)
Harry Bosch
Contributor
I don't know. I'm not a CPA. My opinion is that perhaps Amazon needs to be split up. I think that it is approaching or is at monopoly stage. I'm not an expert. But currently they have every legal right to exist. And therefore, if they are going to exist, I'd love to have them in my hometown. Their workers are paid more than and get better benefits than their competitors. They just located a warehouse in Salem, Oregon (a home away from home). I can tell you that many locals lined up to get a job there. It's causing other local businesses to increase their wages in order to keep their employees. Just about any smaller community would love to have the Amazon HQ that New York turned away. Those type of jobs transform a community.
What's happening is basically a flaw in the tax code. You can buy up companies with pre-tax dollars. Many companies have reacted to this buy using all their "profit" to purchase companies. They basically zero out their taxable income but increase their earnings and thus their stock value. Income gets converted to capital gains.
I think the only fix is to make the purchase of companies subject to depreciation like capital assets.
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DBT
Contributor
Acting primarily in their own interest, taking far more than they give means that more harm is being done than good.
It's not about hate.