Summary: Self-serving 'charitable' foundations under gentle fire

"DILBERT is picking on Bill Gates and his foundation," alerts us a reader. For those who have not followed this closely, we last wrote about it yesterday, adding to existing critique of the Gates Foundation.

A lot of people do not know that critics of the Gates Foundation include respectable figures such as the chief of malaria for the World Health Organisation. It's all driven by facts, not irrational resentment or envy. Those who do their homework also understand the role of Bill's press in the mythology. ⬆

"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