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 22/4/2014: More GNU/Linux Gains, Syria Updates

    Links for the day



  2. Links 21/4/2014: New Games for GNU/Linux, Some NatSec Politics

    Links for the day



  3. Site Focus for The Remainder of the Year

    What we plan for the rest of 2014 and why



  4. Links 20/4/2014: EFF FOSS, Easter Drone Strikes, Copyright Industry Fear of Google

    Links for the day



  5. Links 19/4/2014: Slow Easter News Day

    Links for the day



  6. Links 18/4/2014: New KDE, Kubuntu, and More

    Links for the day



  7. Some Perspective on Heartbleed®

    Our views on the whole Heartbleed® bonanza, which seems like partly a PR stunt (for multiple stakeholders)



  8. Microsoft is Leaving Windows -- Including Vista 8.1 -- Vulnerable to Non-Government Crackers, Not Only to NSA

    Microsoft makes it ever more evident that securing users of Windows is not at all a priority, and perhaps not even a desire



  9. Links 17/4/2014: Android RDP, New Ubuntu, RHEL 7 Milestone

    Links for the day



  10. Racing to 1984: Mass Surveillance, Cracking, 'Targeted' Assassinations, and Illegal Torture

    Links for the day



  11. More Microsoft Subsidies to Patent Troll Intellectual Ventures

    Microsoft hands money to Bill Gates' close friend who is the world's largest patent troll



  12. Aiding Microsoft Under the Disguise of 'Pro-FOSS'

    Not everything which is FOSS necessary becomes, by virtue of existence, a positive contribution, as we are constantly reminded by projects that help proprietary software and/or restrictions get a strong grip on FOSS



  13. Links 16/4/2014: Red Hat PR, Ubuntu LTS Imminent

    Links for the day



  14. Links 15/4/2014: Lots of PCLinuxOS Releases, Ukraine Updates

    Links for the day



  15. Apple and Microsoft Actively Lobbying Against Patent Reform in the US

    Apple and Microsoft are reportedly intervening/interfering with US law in order to ensure that the law is Free/libre software-hostile



  16. Lawsuit by Microsoft Shareholder Targets Fine for Crimes Rather Than the Crimes Themselves

    A new lawsuit by a Microsoft shareholder shows everything that's wrong with today's model of accountability, where those who are responsible for crimes are accused of not avoiding fines rather than committing the crimes



  17. Public Institutions Must Dump PRISM-Associated Software

    Another reminder that taxpayers-subsidised services should refuse, as a matter of principle, to pay anything for -- let alone deploy -- proprietary software with back doors



  18. GNU/Linux News: The Opportunities Amid XP EOL

    Links for the day



  19. Microsoft Gets Its Money's Worth From Xamarin: PlayStation 4 Now Polluted by Microsoft

    The Trojan horse of Microsoft, Xamarin, is pushing .NET into Microsoft's console competitor



  20. After Brendan Eich Comes Chris Beard

    Having removed Brendan Eich using bullying and blackmail tactics, his foes inside Mozilla achieved too little as we have yet another man (coming from inside Mozilla) acting as CEO



  21. Healthcare News: Free Software in Health, Humanitarian Causes

    Links for the day



  22. Links 14/4/2014: MakuluLinux, Many Games, More Privacy News and Pulitzer Prize for NSA Revelations

    Links for the day



  23. TechBytes Episode 87: Catching up With Surveillance (NSA, GCHQ et al.)

    The first audio episode in a very long time covers some of the latest happenings when it comes to privacy and, contrariwise, mass surveillance



  24. Server News: KVM, ElasticHosts, Other GNU/Linux Items, and Open Network Linux

    Links for the day



  25. Hardware News: Freedom, Modding, Hackability on the Rise

    Links for the day



  26. Distributions News: GNU/Linux Distros

    Links for the day



  27. GNOME News: Financial Issues, Mutter-Wayland, West Coast Summit, Community Participation

    Links for the day



  28. KDE News: Kubuntu at the Centre Again KDE Applications Updated

    Links for the day



  29. Techrights Rising

    Effective immediately, Techrights will do what it takes to bring back old volume and pace of publishing



  30. Links: Surveillance, Intervention, Torture and Drones

    Links for the day


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