quote:

ORIGINAL: thompsonx
And being "gifted" cellphones by your buddy bill with u.s. taxpayers money. Why is it that those in the u.s. whom you castigate are not to be helped but those in the same situation in africa get free goodies to help them into the 21st century.

quote:

ORIGINAL: thompsonx
Welfare for foriegners but nothing for our own citizens?

quote:

ORIGINAL: thompsonx

India is not in the UK.

Not since 1947.
Google might be able to help you here about when ww2 happened.

quote:

ORIGINAL: thompsonx

You are quite correct, Canada is in fact not part of the U.S., and Lend Lease was in fact an American program.



Canada was an instrumental part of the United States and by virtue, their economy and manufacturing capacity worked side by side with ours, hence: "No (North America), read between the lines.

Even though you admit that canada is not part of the u.s. you say it is an "instrumental part of the u.s.
"It aint but it is"...



Apparently you can't.

No: I cannot read your mind.

quote:

ORIGINAL: thompsonx

Was russia' industrial complex damaged?

Yes. Decimated.


By whom? with what? Get a fucking history book.

quote:

ORIGINAL: thompsonx

If anyone with an IQ above a cumquat would have read that, with an IQ above a pencil eraser, they would have seen the obvious that being, all your arguments here in the USA, people are bombarded by "barricades" ("it CAN'T be done....it's IMPOSSIBLE!!!!"),


Actually that is your mischaracterization of the not rich. In debate that is ususlly refered to as a strawman.


yet these folks with less than a child's ability here in the first world, there in the 3rd, overcame their infirmities simply by being inducted into the 21st century.


And being "gifted" cellphones by your buddy bill with u.s. taxpayers money. Why is it that those in the u.s. whom you castigate are not to be helped but those in the same situation in africa get free goodies to help them into the 21st century.
Welfare for foriegners but nothing for our own citizens?

I'm kind of curious how you can make the leap from "Bill Gates and others created smart phones for these folks at a cost of approx. 20 bucks a month" to "being "gifted" cellphones by your buddy bill with u.s. taxpayers money.". Last time I checked, Bill Gates does not work for the federal government and does not initiate government programs.

It speaks for itself (clearly not for you).

Your ignorant self serving fatuous post do speak for themselves but most cerainly not to me or anyone human.

quote:

ORIGINAL: thompsonx

quote:

ORIGINAL: thompsonx
And being "gifted" cellphones by your buddy bill with u.s. taxpayers money. Why is it that those in the u.s. whom you castigate are not to be helped but those in the same situation in africa get free goodies to help them into the 21st century.

From what I can tell, The Gates Foundation is not funded by tax payer's money at all.


If lil bill gives some gift he gets to write it off his u.s. income tax. That is tax money that is not used in the u.s. So yes the gates foundation is taxpayer subsidized.

quote:

ORIGINAL: thompsonx

If anyone with an IQ above a cumquat would have read that, with an IQ above a pencil eraser, they would have seen the obvious that being, all your arguments here in the USA, people are bombarded by "barricades" ("it CAN'T be done....it's IMPOSSIBLE!!!!"),


Actually that is your mischaracterization of the not rich. In debate that is ususlly refered to as a strawman.


yet these folks with less than a child's ability here in the first world, there in the 3rd, overcame their infirmities simply by being inducted into the 21st century.


And being "gifted" cellphones by your buddy bill with u.s. taxpayers money. Why is it that those in the u.s. whom you castigate are not to be helped but those in the same situation in africa get free goodies to help them into the 21st century.
Welfare for foriegners but nothing for our own citizens?

It speaks for itself (clearly not for you).

Your ignorant self serving fatuous post do speak for themselves but most cerainly not to me or anyone human.

quote:

ORIGINAL: thompsonx

quote:

ORIGINAL: thompsonx
And being "gifted" cellphones by your buddy bill with u.s. taxpayers money. Why is it that those in the u.s. whom you castigate are not to be helped but those in the same situation in africa get free goodies to help them into the 21st century.

From what I can tell, The Gates Foundation is not funded by tax payer's money at all.


If lil bill gives some gift he gets to write it off his u.s. income tax. That is tax money that is not used in the u.s. So yes the gates foundation is taxpayer subsidized.

This implies something that does not exist. He avoids taxes on the money in trust...duuuuuhhhhhhh

Tell me that the gates trust does not benifit bill gates in any way

quote:

ORIGINAL: thompsonx

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: thompsonx

quote:

ORIGINAL: thompsonx
And being "gifted" cellphones by your buddy bill with u.s. taxpayers money. Why is it that those in the u.s. whom you castigate are not to be helped but those in the same situation in africa get free goodies to help them into the 21st century.

From what I can tell, The Gates Foundation is not funded by tax payer's money at all.


If lil bill gives some gift he gets to write it off his u.s. income tax. That is tax money that is not used in the u.s. So yes the gates foundation is taxpayer subsidized.

The Gates Foundation is a private Trust. Any expenditures made from the Trust have absolutely zero impact on Mr Gate's personal tax structure.


This implies something that does not exist. He avoids taxes on the money in trust...duuuuuhhhhhhh

Let's put some moderate level of rational thinking to this Thompson. Assuming his Trust has assets of 35 billion, nearly all of which Mr Gates has provided via stock gifts, this would mean he no longer has that 35 billion in his pocket. He gave it away. Entirely.

Now, we all know that Warren Buffet pays about 13% net taxes on income, Mitt Romney payed about 17% and recently, Mr Obama paid about 19% and change.

I'm going to presume that Mr Gates is smart enough to hire appropriate accountants to pay 13%, certainly no more than 20%, but let's assume, worst case, he had to pay as much as 50%. Well beyond THREE TIMES what he could rationally expect to pay. Indeed, nearly 4 times what Warren Buffet pays.

So, Mr Gates then GAVE AWAY, for the purpose of helping millions of children in Sudan and in our country (in fact, dozens of other countries worldwide) on vaccines, education and so on, 35 BILLION dollars. In doing so, had he simply KEPT the money, and sold every share and paid the highest federal tax ever paid in the last 25 years, he'd have had roughly 17 BILLION dollars in his pocket.

Yet, amazingly, he has none of those dollars in his pocket.

I'm having a difficult time figuring out how giving away 100 dollars for the benefit of the world, retaining exactly zero of those dollars in his pocket (all of which was rightfully his money, to spend exactly as he chose) is more beneficial than selling that same 100 dollars of assets and retaining at least 50 of them (if not 87 of them) somehow both benefits Mr Gates as well as proves without a doubt that he's breaking the back of the U.S. taxpayer in doing so?

And, considering that once he gave that money to the Foundation, it no longer legally belonged to him so, he is not avoiding any taxes at all, since the money is no longer in his possession, nor can it be used for any personal reasons.

So, how exactly is he benefiting from this Thompson? Please detail it out for those of us less educated in finance than yourself.



Moreover, Trusts generally protect assets from inheritance/death taxes, however, that wasn't and isn't the purpose of the Gates Foundation Trust


Tell me that the gates trust does not benifit (benefit) bill gates in any way

Sure. Happy to. The Gates Trust (actually, it's a Foundation...different legal status) does not benefit Bill Gates in any way (other than allowing him to follow his passion, which is to save lives and improve medicine worldwide).



(the Rockefellers, Carnegie and other Trusts like them became illegal years later because they did indeed evade, as opposed to avoid taxes), however, taxes, when assets are sold (such as those in the Gates Foundation, as the bulk of Mr Gates' funding of his foundation came via stock in Microsoft), are paid on the "profits" (when sold) just as they would be in any corporate entity, balanced against "expenses" or in the case of the Gates Foundation, grants and other matching funds to worldwide organizations intent on improving education for the most part, as well as vaccines and other medical improvements they see fit to invest in.

Can't your buddy bill find enough not rich american citizens to help? Make a list for him of those folks, send it to him in Seattle, and I'm sure they'll just jump right up and write checks to Bill. What does he get from helping some african nation? Making children live longer than 3 - 6 months I would imagine is fairly rewarding. Eliminating Malaria in several countries has to be fairly rewarding. I'm curious Thompson, instead of blathering on and on (really...stretching frankly) about why someone who could have bought himself a small country and had people peel him grapes for the rest of his life, but for some incredible reason, would rather spend it improving the world, why is this a problem for you? Is it just the warm fuzzy feeling he gets from helping the not rich? I would recommend you ask Mr Gates. I frankly don't care why he does it, I'm just thankful he wants to. (So, by the way are the Mothers and Fathers of these children who are now alive thanks to Mr Gates' largesse).

(It's fairly simple, fairly well known stuff Thompson).

It is obviously pretty simple for the simple minded not so much to those who can do arithmatic. (arithmetic)

To be even more specific, neither Bill, Melinda, any of their children, any of Gates' extended family, or for that matter, any specific named human being, are "Recipient Beneficiaries" of the Foundation. Other than an income for working there (which I highly doubt either Bill or Melinda accept), it is illegal for them to remove funds from this type of trust for personal use.


Why do you doubt that anyone one would not expect to be paid for services rendered. I'm thinking (it's just a guess) that he's worth 60 billion or so and probably doesn't really care if he gets paid or not. When your income by virtue of other investments increase by billions annually, does 600 grand to run that biz (which you set up for philanthropic reasons) really matter that much? I doubt it. If he did take an income, why would it matter that he did? He's doing work. He would certainly deserve to be paid for same.
Have you a list of the employees and their relationship to lil bil and what their compensation is? No, I don't. Never seemed important to do. I'm confident as a foundation, mandated to publish their finances, the information is readily available if it's that important to you.

quote:

ORIGINAL: thompsonx

Sure. Happy to. The Gates Trust (actually, it's a Foundation...different legal status) does not benefit Bill Gates in any way (other than allowing him to follow his passion, which is to save lives and improve medicine worldwide).

So I have a shit pot load of money and I have to pay taxes on it. If I put it in a safe that someone else has the combination to and say it is not mine anymore then I do not have to pay taxes on it. Now I tell the person with the money give this or that person some money....will this or that person be a little more willing to suck my dick than if I did not give them any money.

quote:

ORIGINAL: thompsonx

So, how exactly is he benefiting from this Thompson? Please detail it out for those of us less educated in finance than yourself.

Who controls where the money goes?

quote:

ORIGINAL: thompsonx

Sure. Happy to. The Gates Trust (actually, it's a Foundation...different legal status) does not benefit Bill Gates in any way (other than allowing him to follow his passion, which is to save lives and improve medicine worldwide).

So I have a shit pot load of money and I have to pay taxes on it. If I put it in a safe that someone else has the combination to and say it is not mine anymore then I do not have to pay taxes on it. Now I tell the person with the money give this or that person some money....will this or that person be a little more willing to suck my dick than if I did not give them any money.