" When I find a man who is not willing to pay his share of the burden of the government which protects him, I find a man who is unworthy to enjoy the
blessings of a government like ours."
-William Jennings Bryan
Forgive my lack of enthusiasm when the 2nd richest uber-billionaire in the world (Warren Buffett) dodges paying $17.5 billion of taxes
and instead gives the money (tax free) to the richest uber-billionaire in the world (Bill Gates).
Yeah, the US tax coffers didn’t really need that $17.5 billion.
Instead for the next 15 or 30 or 50 years, the richest man in the world (Gates and wife) gets to fly around the world acting as the de facto U.N. Uberbassador of Health and Human Services. Spending the $17.5 billion that Buffett didn't pay in taxes, along with the $25 billion that Gates didn't pay in taxes. That's a $40 billion bankroll, otherwise underwritten by the U.S. taxpayer, who can go replace the lost revenue with ... other taxes.
"Thanks a lot for the tax-free $17.5 billion of extra cash, U.S. taxpayers," said Gates. "When I add it to the $25 billion that I saved by not paying taxes on my $50 billion, it makes for quite a stash."
"Sure beats having to send $17.5 billion to the IRS," noted Buffett. "Especially when you toss in several billions dollars worth of worldwide publicity hyping me as the greatest philanthropist of all time, for not paying any taxes
. It's a GREAT COUNTRY."
"Only the little people pay taxes," reminded Leona Helmsley
"Thanks, U.S. taxpayers, really. I mean, this should all be OK with you and stuff, because after all, it's for the children
, or at least the ones that I pick," said Melinda Gates, now apparently the 2nd richest person in the world.
"Can you believe how well this charity donation thing works?" pondered uber-billionaire Larry Ellison
, who concurrently settled an insider-trading lawsuit by agreeing to pay his own charity (Ellison Medical Foundation) $100 million as a penalty for a $900-million gain on selling his Oracle stock shortly before the share price plummeted.
Bummer understands that there are different viewpoints as to what constitutes "charity," but don't think less of Bummer if he doesn’t immediately place an etching of Mr. Buffett's face in the dictionary, next to "charity."
Buffett has earned over $30 billion, and has never paid taxes on it. This is a tax-dodge, pure and simple, cloaked by the hype and gullibility of a fawning media obsessed with the deeper meaning behind celebrities flying to 5th world countries to adopt babies
the previous statements of Buffett and Gates, urging other people
to pay their taxes:
"If there is a class war in America, my side is winning. ... "We hope [Berkshire Hathaway corporate income] taxes continue to rise in the future-it will mean we are prospering-but we also hope that the rest of corporate America antes up along with us." - Warren Buffett
Public investments in our courts, schools, transit systems, public utilities, and research programs have pushed the United States to the top of the world's economy. No other investment scheme in the history of the world has been so successful. "As taxpayers, we should take pride in the fact that the US government is the world's largest venture capitalist." - Bill Gates
Back in the 70's, at least we recognized tax evasion excuses as a joke:
"You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. "Steve.. how can I be a millionaire.. and never pay taxes?"
First.. get a million dollars.
Now.. you say, "Steve.. what do I say to the tax man when he comes to my door and says, 'You.. have never paid taxes'?" Two simple words. Two simple words in the English language: "I forgot!"