09.26.10
Tax-Exempt Gates Family Still Lobbies to Tax Its Peers Even More
Summary: One more time the press should be reminded that Bill Gates lobbying for heavier taxation on the rich works wonders for him as he does not need to pay tax either way
LAST WEEK we explained that despite tax exemptions that the Gates family enjoys, the press totally fails to understand the position taken by this family when it lobbies for change [1, 2, 3, 4] (which works well for anyone who is exempted from tax). Ballmer and Gates Sr. are in opposite situations/circumstances, so to spread disinformation about one caring about the public and another not caring about it would be totally clueless. But that’s just what a lot of the press in Washington (including many Microsoft boosters) are doing this weekend and last week as well. A lot of spin comes from there.
“Ballmer and Gates Sr. are in opposite situations/circumstances, so to spread disinformation about one caring about the public and another not caring about it would be totally clueless.”Here are the latest articles from Seattle [1, 2, 3, 4, 5, 6, 7, 8, 9], from AP via Seattle (here too), and other outlets which surely have not done enough homework, e.g. [1, 2, 3, 4]. The really interesting story here is that not just the father of Bill Gates wants others to make up for his tax dodge anymore; Bill Jr. is joining him too and they are both de facto tax evaders thanks to the Gates Foundation whose tax avoidance is similar to Microsoft’s (legalised but clearly unfair and unethical).
Why is the media whitewashing Gates for policy laundering? Has so much of the media been paid/'bought' by him that his actions and image are untouchable now? His dad too is involved in this foundation, but the latest news is that both are now actively working to tax their peers while they enjoy their special, lobbied-for rules. As we’ll show later this week, Gates’ wealth continues to grow while the media characterises him as a giver.
It’s truly a travesty and it is Bill Gates’ spit in the face of citizens of Washington, to whom he hardly offers jobs anymore, he just fired them and then hired from abroad to save himself money, passing all the state’s benefits to people whom he brought in a visa by cursing the intelligence of people from Washington. █
“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
