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. The EPO is Becoming an Embarrassment to Europe and a Growing Threat to the European Union

    The increasingly pathetic moves by Battistelli and the ever-declining image/status of the EPO (only 0% of polled stakeholders approve Battistelli's management) is causing damage to the reputation of the European Union, even if the EPO is not a European Union organ but an international one



  2. Patent Misconceptions Promoted by the Patent Meta-Industry

    Cherry-picking one's way into the perception of patent eligibility for software and the misguided belief that without patents there will be no innovation



  3. As the United States Shuts Its Door on Low-Quality Patents the Patent Trolls Move to Asia

    Disintegration of Intellectual Ventures (further shrinkage after losing software patents at CAFC), China's massive patent bubble, and Singapore's implicit invitation/facilitation of patent trolls (bubble economy)



  4. Links 17/2/2017: Wine 2.2, New Ubuntu LTS

    Links for the day



  5. Bad Advice From Mintz Levin and Bejin Bieneman PLC Would Have People Believe That Software Patents Are Still Worth Pursuing

    The latest examples of misleading articles which, in spite of the avalanche of software patents in the United States, continue to promote these



  6. Patents Are Not Property, They Are a Monopoly, and They Are Not Owned But Temporarily Granted

    Patent maximalism and distortion of concepts associated with patents tackled again, for terminology is being hijacked by those who turned patents into their "milking cows"



  7. SoftBank Group, New Owner of ARM, Could Potentially Become (in Part) a Patent Troll or an Aggressor Like Qualcomm

    SoftBank grabbed headlines (in the West at least) when it bought ARM, but will it soon grab headlines for going after practicing companies using a bunch of patents that it got from Inventergy, ARM, and beyond?



  8. Technicolor, Having Turned Into a Patent Troll, Attacks Android/Tizen/Linux With Patents in Europe

    Technicolor, which a lot of the media portrayed as a patent troll in previous years (especially after it had sued Apple, HTC and Samsung), is now taking action against Samsung in Europe (Paris, Dusseldorf and Mannheim)



  9. Michelle Lee is Still “in Charge” of the US Patent System

    Contrary to a malicious whispering campaign against Lee (a coup attempt, courtesy of patent maximalists who make a living from mass litigation), she is still in charge of the USPTO



  10. Our Assessment: EPO Wants a Lot of Low-Quality Patents and Low-Paid Staff With UPC (Prosecution Galore)

    The European Patent Office seems to be less interested in examination and more interested in facilitating overzealous prosecution all across Europe and beyond; The Administrative Council has shown no signs that it is interested in profound changes, except those proposed by Battistelli in the face of growing resistance from staff and from ordinary stakeholders



  11. Links 16/2/2017: HITMAN for GNU/Linux, Go 1.8

    Links for the day



  12. Yet More Complaints About the European Patent Office in the Bavarian Regional Government

    Some German politicians do care about the welfare of EPO staff, a lot more so than the EPO's management that is actively crushing this staff



  13. EPO Staff Representatives to Escalate Complaint About Severe Injustices to the EPO's Secretive Board 28

    In a new letter to President Benoît Battistelli it is made abundantly apparent -- however politely -- that Battistelli's gross abuses could further complicate things for Battistelli, who is already embroiled in a fight with his predecessor, Roland Grossenbacher



  14. New Survey Reveals That High Patent Quality, or Elimination of Bad Patents, is Desirable to Patent Holders

    A new survey from Bloomberg BNA and AIPLA reveals that the Patent Trial and Appeal Board (PTAB), which still grows in prominence, is supported by people who have themselves gotten patents (not those who are in the bureaucracy of patents and self-serving politics)



  15. Open Patent Office is Not the Solution; Ending Software Patents is the Solution

    Our remarks about the goals and methods of the newly-established Open Patent Office and what is instead needed in order to combat the menace that threatens software development



  16. New Scholarly Paper Says “UK’s Withdrawal From the EU Could Mean That the Entire (Unitary Patent) System Will Not Go Into Effect”

    A paper from academics -- not from the patent microcosm (for a change) -- provides a more sobering interpretation, suggesting quite rightly that the UPC can't happen in the UK (or in Europe), or simply not endure if some front groups such as CIPA somehow managed to bamboozle politicians into it (ratification in haste, before the facts are known)



  17. Patent Trolls Update: Rodney Gilstrap Maintains His Support for Trolls, MPEG-LA Goes Hunting in China, and Blackberry Hits Nokia

    A roundup of the latest news about patent trolls and what they are up to in the United States, Europe, and Asia



  18. Guest Post: EPO, an Idyllic Place to Work

    The true face of the EPO as explained by an insider, recalling the history that led to the negative image and toxic work atmosphere



  19. Links 15/2/2017: Linux 4.9.10 and Linux 4.4.49

    Links for the day



  20. Claude Rouiller (ILOAT) and ILO Rulings Effectively Disregarded by the European Patent Office

    The compositions of kangaroo courts at the EPO continue to be absurd, in spite of a ruling from the International Labour Organisation (ILO), which insisted that change must be made following a lot of mistrials



  21. National Law Journal Believes That Gorsuch as Supreme Court Justice Would be Opponent of Patent Reform

    Whispering campaign surrounds Neil Gorsuch's alleged or perceived views on patents, and in particular the America Invents Act (AIA) which brought the Patent Trial and Appeal Board (PTAB), a serial invalidator of software patents, owing to Alice (a Supreme Court decision)



  22. Center for Intellectual Property Understanding (CIPU) is a Lobby Group for Software Patents and Patent Maximalism

    An introduction to what the Center for Intellectual Property Understanding really is, what it is for, and who is behind it



  23. The European Patent Office Looks More and More Like the Sicilian Mafia Every Day

    Battistelli has constructed or pulled together a Mafia-like family inside the EPO, where all those who protect the 'King' (or Don) are rewarded and the rest are removed with prejudice



  24. EPO-Connected Writers Are Using Alternative Facts or Fake News to Promote the Unitary Patent in British Media

    The misuse of publications for the purpose of lobbying by Battistelli and Team UPC (a small group of opportunists looking to exploit change that they themselves introduce) is worth noting, for its frequency is on the rise again



  25. Microsoft Has Not Managed to Blackmail Huawei Over Android and GNU/Linux, But Its Trolls/Satellites Are Trying

    The story of Huawei gets more complicated, even though software patents are losing their teeth and notorious patent trolls are altogether losing their patents



  26. IBM Has Become an Enemy of GNU/Linux and a Loud Proponent of Software Patents

    IBM's poisonous policy on patents, which has long been incompatible with Free/Libre software, has gotten even worse and the company now takes the lead in lobbying for patenting of software



  27. Leaked: European Patent Office a Fire Hazard Waiting to Cause Tragedy (Possible Deaths)

    The EPO has known for a while that is was not in compliance with regulations, but as usual -- flaunting immunity and impunity -- nothing happened



  28. For Valentine's Day, Battistelli Learns to Stop Worrying and Love to Lie

    Battistelli lies about patent quality once again, incidentally on the very same day that serious leaks regarding patent quality got published (and need distracting from)



  29. India Cites Public Interest in Patent Case Where Embargo Attempted Against Local Drugmaker

    India turns away a foreign corporation that attempts to use patents to shut down (or destroy the business model of) an Indian company



  30. Links 14/2/2017: Linux Lite 3.4, GNU Health 3.0.6

    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