this post was submitted on 09 May 2025
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[–] warm@kbin.earth 23 points 1 day ago (2 children)

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@lemmy.blahaj.zone 17 points 23 hours ago (1 children)

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

[–] warm@kbin.earth 4 points 23 hours ago (1 children)
[–] IndiBrony@lemmy.world 4 points 22 hours ago (3 children)

Which are also tax avoidance schemes

[–] psud@aussie.zone 2 points 12 hours ago

Great tax avoidance. Pay 100% of that money to some charity to avoid paying 20% to government

[–] PunnyName@lemmy.world 6 points 16 hours ago* (last edited 16 hours ago)

Careful now. Don't go painting all charities as a form of tax avoidance just because a lot are used for that.

There are many great charities for many great causes out there.

[–] warm@kbin.earth 5 points 21 hours ago

Depends if you are talking about big charities or actual charities

[–] finitebanjo@lemmy.world 1 points 15 hours ago (1 children)

He is. He is already giving it all away. He's been doing it for 25 years and he will continue to do it for the next 20 years.

You have to understand that his value grows over time and selling his stocks en masse would decrease their market value. He's been maximizing the amount of good done very effectively.

[–] explodicle@sh.itjust.works 1 points 4 hours ago (1 children)

His value grows from exploiting even more people.

You keep repeating the claim that selling his stocks rapidly would tank their sale value. Let's see your math.

[–] Katana314@lemmy.world 1 points 20 minutes ago

Stocks are an unpredictable mess of human behavior; you can’t put anything in a calculator to see what they will be tomorrow. It is based on market confidence.

90% of investors won’t buy claims of “It’s just for charity” and will only see a massive sell off of MSFT, and drain the rest in turn through panic sales. It’s how every stock exchange crash has happened (though it can happen to just one or a few companies)

The basic lesson for finance as in all things is whatever you want to do, it’s better to do it slowly over time. Even charities work better if they have funding over a long period to hire staff and plan events, rather than a sudden billion all at once for a room of 8 volunteers to figure out.