EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

03.09.09

‘Poor’ Warren Buffett Receives Donations… from the Gates Foundation

Posted in Bill Gates, Deception, Finance, Microsoft at 3:01 am by Dr. Roy Schestowitz

“My background is finance and accounting. As a socially conscious venture capitalist and philanthropist, I have a very good understanding of wealth management and philanthropy. I started my career in 1967 with the IRS as a specialist in taxation covering many areas of the tax law including the so-called legal loopholes to charitable giving. […] However, the Gates Buffet foundation grant is nothing more than a shell game in which control of assets for both Gates and Buffet remain the same. […] The only difference is that the accumulation of wealth by these two will be much more massive because they will no longer have to pay any taxes.”

The Gates and Buffet Foundation Shell Game

Warren Buffett had joined this game and put some of its fortune inside the Gates Foundation a few years ago. It is a win-win situation for him. He receives credit for supposedly philanthropic deeds while at the same time his fortune is secured from the IRS and therefore there is smaller erosion of value. According to this very curious report which a reader sent us, the Gates Foundation is also investing in Warren Buffett’s very own company.

Huh?

“Gates Foundation is busy investing in governments and pharmaceuticals that the foundation tells government to pass money to.”This calls for the question, “isn’t the goal of the Gates Foundation to do charitable work?” For all one can gather, the Gates Foundation is busy investing in governments and pharmaceuticals that the foundation tells government to pass money to. Additionally, this foundation invests in petroleum (made cheaply, even at the expense of Nigerian kids' lives), automobiles, media companies that soon praise the Gates family, various harmful drugs, and also tobacco.

Quite an interesting charity they have there. Does it also pay tax or is it helping the Gates family become exempt from paying any because, evidently, the country is awash with money anyway? Sarcasm ought to be noted here, of course.

Smoker
Did you know that the Gates
Foundation puts money in cigarettes?

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

6 Comments

  1. pcolon said,

    March 9, 2009 at 5:43 am

    Gravatar

    The IRS, which BTW like the Federal Reserve Bank, are illegal and unconstitutional, would quickly stomp it’s boot on any faith-based or non-profit organization with questionable or business practices. However there are some caveats where some claim a large portion of incoming donations as ‘housekeeping or administrative costs’.

    Here, once again, the Gates entourage, is changing the meaning of words (philanthropy) for their own personal gain.

    Welcome to “The new and improved 21st Century Organized Crime”. Brought to you and sponsored by your Federal, State and local government agencies.

  2. Dave said,

    March 9, 2009 at 7:57 am

    Gravatar

    You are an idiot Roy.

    Buffet has not given money to de Gates foundation. He has put all of his Berkshire Hathaway stock worth 30 billion at the time in a trustfund which donates 5% of the stock to the gates foundation each year under the condition that the foundation spends all of the donation in that year.
    This means the Gates foundations recieves a bunch of stock each year and has to sell that stock each year.

    When Buffet dies the remaining shares in the trustfund and all other assets of Warren buffet will be divided amongst several charitable foundations and will not be given to his children who will recieve only a ‘minor’ inheritance.
    So nearly all of Buffets fortyune will dissappear in philantropy.

    You ridiculous accusations are beyond belief.
    Someone donates most of his immense fortune to charity and you make a mockery of it by providing false information on it.

  3. Roy Schestowitz said,

    March 9, 2009 at 8:04 am

    Gravatar

    Dave,

    You don’t seem familiar with what’s known as ‘pet’ charities. Here is a recent article to bring you up to date.

    Known to his own friends and enemies alike as “Dr. Evil,” Berman has perfected the art of setting up non-profit “charitable” groups to advance corporate interests.

  4. Dave said,

    March 9, 2009 at 8:14 am

    Gravatar

    @Roy

    You do not seem to understand what I wrote.

    Nearly all of Warren Buffet fortune will flow to charities. If not at all while he is alive than after he dies.
    That information is easy to verify.

    If any tax is evaded that will thus also go to charity

  5. Roy Schestowitz said,

    March 9, 2009 at 8:42 am

    Gravatar

    It’s not about Buffett. As the Times put it:

    As with all good parodies, there’s a grain of truth in a fake news story on the Web that says Bill Gates could face another antitrust investigation — this time for “monopolistic charity practices.”

    “The danger isn’t in what people do tell you — it’s in what they don’t,” departing foundation CEO Patty Stonesifer warned in the 2007 annual report.

  6. Gentoo User said,

    March 9, 2009 at 11:16 am

    Gravatar

    It’s not about Buffett.

    I think this is pretty much convincing proof that most of the time you don’t even know what you’re talking about. But this will look great later, when you start referring to it as “evidence”, as with everything else.

What Else is New


  1. Links 22/6/2018: PulseAudio 12.0, Krita 4.1 Beta, LabPlot 2.5, Git 2.18.0

    Links for the day



  2. “Dr Ernst Should be Forced by National Politicians to Step Down With Immediate Effect” After Battistelli's Latest EPO Scandals

    Further discussions about the horrible legacy of Battistelli and his protectors, who seem to be interested in a patent trolls-friendly patent system which devalues workers and consciously lowers the patent bar (at all costs, even violation of laws and constitutions)



  3. Links 21/6/2018: Microsoft's 'Damage Control' Amid Role in ICE Scandals, 11-Hour Azure Downtime (Again), GNOME 3.29.3, and More GNU/Linux Wins

    Links for the day



  4. Battistelli and Topić Lose Their Bogus 'Case' Against Judge Corcoran After They Defamed Him and Ruined His Career/Life

    The SLAPP action against Judge Patrick Corcoran, who has so far won all cases involving the EPO, is finally dismissed in Germany; what remains is an ugly legacy at the EPO, wherein everyone bold enough to say something about corruption at the top is having his or her life — not just career — destroyed



  5. Even Media of the Patent Microcosm Mentions the Decline in Quality of Patents at the EPO, Based on Its Very Own Stakeholders, While IAM Ignores the News

    The whole world basically accepts, based on patent examiners as well as those whom they interact with (patent agents), that patent quality at the EPO has sunk; but the EPO and IAM continue to vigorously deny that as it threatens some people's nefarious agenda



  6. Links 20/6/2018: Qt 5.11.1, Oracle Solaris 11.3 SRU 33, HHVM 3.27.0, Microsoft Helping ICE

    Links for the day



  7. Patent Extremists Are Unable to Find Federal Circuit Cases That Help Them Mislead on Alice

    Patent extremists prefer talking about Mayo but not Alice when it comes to 35 U.S.C. § 101; Broadcom is meanwhile going on a 'fishing expedition', looking to profit from patents by calling for embargo through the ITC



  8. What Use Are 10 Million Patents That Are of Low Quality in a Patent Office Controlled by the Patent 'Industry'?

    The patent maximalists are celebrating overgranting; the USPTO, failing to heed the warning from patent courts, continues issuing far too many patents and a new paper from Mark Lemley and Robin Feldman offers a dose of sobering reality



  9. The Eastern District of Texas is Where Asian Companies/Patents/Trolls Still Go After TC Heartland

    Proxies of Longhorn IP and KAIST (Katana Silicon Technologies LLC and KAIST IP US LLC, respectively) roam Texas in pursuit of money of out nothing but patents and aggressive litigation; there's also a Microsoft connection



  10. EPO Insiders Correct the Record of Benoît Battistelli’s Tyranny and Abuse of Law: “Legal Harassment and Retaliation”

    Battistelli’s record, as per EPO-FLIER 37, is a lot worse than the Office cares to tell stakeholders, who are already complaining about decline in patent quality



  11. Articles About a Unitary Patent System Are Lies and Marketing From Law Firms With 'Lawsuits Lust'

    Team UPC has grown louder with its lobbying efforts this past week; the same lies are being repeated without much of a challenge and press ownership plays a role in that



  12. The Decline in Patent Quality at the EPO Causes Frivolous Lawsuits That Only Lawyers Profit From

    The European Patent Office (EPO) will continue granting low-quality European Patents under the leadership of the Battistelli-'nominated' Frenchman, António Campinos; this is bad news for science and technology as that quite likely means a lot more lawsuits without merit (which only lawyers profit from)



  13. What Battistelli's Workers Think of His Latest EPO Propaganda

    "Modernising the EPO" is what Battistelli calls a plethora of human rights abuses and corruption



  14. Links 19/6/2018: Total War: WARHAMMER II Confirmed for GNU/Linux, DragonFlyBSD 5.2.2 Released

    Links for the day



  15. More Media Reports About Decline in Quality of European Patents (Granted by the EPO)

    What the media is saying about the letter from Grünecker, Hoffmann Eitle, Maiwald and Vossius & Partner whilst EPO communications shift attention to shallow puff pieces about how wonderful Benoît Battistelli is



  16. Beware Team UPC's Biggest Two Lies About the Unitary Patent (UPC)

    Claims that a Unified Patent Court (UPC) will commence next year are nothing but a fantasy of the Liar in Chief, Benoît Battistelli, who keeps telling lies to French media (some of which he passes EPO money to, just like he passes EPO money to his other employer)



  17. Diversity at the EPO

    Two decades of EPO with 16-17 years under the control of French Presidents (and nowadays predominantly French management in general with Inventor Award held in France almost half the time) is "diversity at the EPO"



  18. Orrin Hatch, Sponsored the Most by the Pharmaceutical Industry, Tries to Make Its Patents Immune From Scrutiny (PTAB)

    Orrin Hatch is the latest example of laws being up for sale, i.e. companies can 'buy' politicians to act as their 'couriers' and pass laws for them, including laws pertaining to patents



  19. Links 17/6/2018: Linux 4.18 RC1 and Deepin 15.6 Released

    Links for the day



  20. To Keep the Patent System Alive and Going Practitioners Will Have to Accept Compromises on Scope Being Narrowed

    35 U.S.C. § 101 still squashes a lot of software patents, reducing confidence in US patents; the only way to correct this is to reduce patent filings and file fewer lawsuits, judging their merit in advance based on precedents from higher courts



  21. The Affairs of the USPTO Have Turned Into Somewhat of a Battle Against the Courts, Which Are Simply Applying the Law to Invalidate US Patents

    The struggle between law, public interest, and the Cult of Patents (which only ever celebrates more patents and lawsuits) as observed in the midst of recent events in the United States



  22. Patent Marketing Disguised as Patent 'Advice'

    The meta-industry which profits from patents and lawsuits claims that it's guiding us and pursuing innovation, but in reality its sole goal is enriching itself, even if that means holding science back



  23. Microsoft is Still 'Cybermobbing' Its Competition Using Patent Trolls Such as Finjan

    In the "cybersecurity" space, a sub-domain where many software patents have been granted by the US patent office, the patent extortion by Microsoft-connected trolls (and Microsoft's 'protection' racket) seems to carry on; but Microsoft continues to insist that it has changed its ways



  24. Links 16/6/2018: LiMux Story, Okta Openwashing and More

    Links for the day



  25. The EPO's Response to the Open Letter About Decline in Patent Quality as the Latest Example of Arrogance and Resistance to Facts, Truth

    Sidestepping the existential crisis of the EPO (running out of work and issuing many questionable patents with expectation of impending layoffs), the PR people at the Office choose a facts-denying, face-saving 'damage control' strategy while staff speaks out, wholeheartedly agreeing with concerned stakeholders



  26. In the United States the Patent Trial and Appeal Board, Which Assures Patent Quality, is Still Being Smeared by Law Firms That Profit From Patent Maximalism, Lawsuits

    Auditory roles which help ascertain high quality of patents (or invalidate low-quality patents, at least those pointed out by petitions) are being smeared, demonised as "death squads" and worked around using dirty tricks that are widely described as "scams"



  27. The 'Artificial Intelligence' (AI) Hype, Propped Up by Events of the European Patent Office (EPO), is Infectious and It Threatens Patent Quality Worldwide

    Having spread surrogate terms like “4IR” (somewhat of a 'mask' for software patents, by the EPO's own admission in the Gazette), the EPO continues with several more terms like “ICT” and now we’re grappling with terms like “AI”, which the media endlessly perpetuates these days (in relation to patents it de facto means little more than "clever algorithms")



  28. Links 15/6/2018: HP Chromebook X2 With GNU/Linux Software, Apple Admits and Closes a Back Door ('Loophole')

    Links for the day



  29. The '4iP Council' is a Megaphone of Team UPC and Team Battistelli at the EPO

    The EPO keeps demonstrating lack of interest in genuine patent quality (it uses buzzwords to compensate for deviation from the EPC and replaces humans with shoddy translators); it is being aided by law firms which work for patent trolls and think tanks that propel their interests



  30. Grünecker, Hoffmann Eitle, Maiwald and Vossius & Partner Find the Courage to Express Concerns About Battistelli's Ugly Legacy and Low Patent Quality

    The astounding levels of abuse at the EPO have caused some of the EPO's biggest stakeholders to speak out and lash out, condemning the Office for mismanagement amongst other things


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts