Large Group of Billionaires Pledge Ha...

Large Group of Billionaires Pledge Half Their Wealth to Charity

There are 56 comments on the www.huliq.com story from Aug 4, 2010, titled Large Group of Billionaires Pledge Half Their Wealth to Charity. In it, www.huliq.com reports that:

Many ask how it is possible for billionaires to use up their cash. Why do they need so much money? Perhaps they don't, and 40 billionaires and wealthy families are saying, that's right.

Join the discussion below, or Read more at www.huliq.com.

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Seeking truth

Dearborn, MI

#1 Aug 4, 2010
When Eisenhower (R) and Teddy Roosevelt (R) were presidents, American didn't have to rely on the charity of Robber Barons. 90% was taxed on the super rich whether they wanted it or not. That's when America was great. I wonder if the thieving BUSH's and Cheney's will pledge. LOL

http://www.huffingtonpost.com/dave-johnson/br...
morons united

Seattle, WA

#2 Aug 4, 2010
they wait this long to realize they have too much and they are chocking just thingking about it. Its still the little peoples money a dilution from the public monetary system to be paid in terms of future labor services and exchange of products.
iballl itchinkin

Peoria, AZ

#3 Aug 4, 2010
Iria! dat watt U edit FED $$$ NOTE to money? stil reak yo Note Fed Res?:-oooooo F- foo yo edit class
:-oooo
lily boca raton

Lake Worth, FL

#4 Aug 4, 2010
Seeking truth wrote:
When Eisenhower (R) and Teddy Roosevelt (R) were presidents, American didn't have to rely on the charity of Robber Barons. 90% was taxed on the super rich whether they wanted it or not. That's when America was great. I wonder if the thieving BUSH's and Cheney's will pledge. LOL
http://www.huffingtonpost.com/dave-johnson/br...
Agreed, and most charities are money laundering back into their own pockets.
Rev Rite

Seattle, WA

#5 Aug 4, 2010
These Billionaires are just trying to keep governments from taking it from them outright so they do a little PR. In the end, they may or may not do so.

Many of them are the scum of the earth like George Sorros and can't be trusted.
This is an eye opening url.

http://www.commieblaster.com/george-soros-fun...
iballl itchinkin

Peoria, AZ

#6 Aug 4, 2010
Rev Rite wrote:
These Billionaires are just trying to keep governments from taking it from them outright so they do a little PR. In the end, they may or may not do so.
Many of them are the scum of the earth like George Sorros and can't be trusted.
This is an eye opening url.
http://www.commieblaster.com/george-soros-fun...
http:)) www.comhu.com :-00000
iballl itchinkin

Peoria, AZ

#7 Aug 4, 2010
enjoy da Day piss n nap time:-oooooo
Remember in November

United States

#8 Aug 4, 2010
it's their money, they can do what they want with it
Remember in November

United States

#9 Aug 4, 2010
Look at the CLINTON's foundation and how they deflect taxes.
Remember in November

United States

#10 Aug 4, 2010
lily boca raton wrote:
<quoted text> Agreed, and most charities are money laundering back into their own pockets.
CLINTONS
Don Joe

Saint Paul, MN

#11 Aug 4, 2010
I was going to start a charity with 5 other people. You know for a charity, 80% must go to charitable activities. 20% can go to "other" things.

We start with the first charity who collects 100 dollars. They keep $20 and send it to the second charity. They keep $14 so there is $64 left and send it to the third. The third keeps $12.80 and sends the $52.20 to the fourth. The fourth keeps its 20% and sends it to the fifth. Eventually a few bucks are actually given to a "real" charity so we can advertise all the good that was done.
shameless-li

Denver, CO

#12 Aug 4, 2010
the cult leader who sells cat food to the elderly will be glad to hear about this.
Glasnos

El Paso, TX

#13 Aug 4, 2010
The vast majority of billionaire's wealth is unrealized and still to be taxed bond, stock and real estate capital gains.
For billionairs to utilize that money without losing a huge chunk to taxes, is to set up a non-profit charity ... with themselves as director.
The stocks or real estate can then be sold by the charity tax free.
Ta-Da!

Jesse Jackson and Al Sharpton have utilized this on a much smaller scale for decades.
shameless-li

Denver, CO

#14 Aug 4, 2010
Don Joe wrote:
I was going to start a charity with 5 other people. You know for a charity, 80% must go to charitable activities. 20% can go to "other" things.
We start with the first charity who collects 100 dollars. They keep $20 and send it to the second charity. They keep $14 so there is $64 left and send it to the third. The third keeps $12.80 and sends the $52.20 to the fourth. The fourth keeps its 20% and sends it to the fifth. Eventually a few bucks are actually given to a "real" charity so we can advertise all the good that was done.
sounds like a chapter out of the madoff school of ponzi
dr ellis

Ashford, AL

#15 Aug 4, 2010
503 c`s are the penicle of corruption
Paul

Erie, PA

#16 Aug 4, 2010
How about they stop outsourcing provide more jobs, so people can work for it instead of depend on it. Interesting concept huh? If they want a tax break then give it to those who don't outsource jobs.
not saying

United States

#17 Aug 4, 2010
if the lizard people don't get him first.
shameless-li wrote:
the cult leader who sells cat food to the elderly will be glad to hear about this.

“Slightly below above-average”

Since: Jul 10

arguably garrulous

#18 Aug 4, 2010
I pledge half of the HangUpAndDrive fortune. The other half I'm going to use to by a pizza this weekend.
Remember in November

United States

#19 Aug 4, 2010
Administration of these 'foundations' pay out BIG BUCKS on salaries for the administrators.

It's a game.
Glasnos

El Paso, TX

#20 Aug 4, 2010
Glasnos wrote:
The vast majority of billionaire's wealth is unrealized and still to be taxed bond, stock and real estate capital gains.
For billionairs to utilize that money without losing a huge chunk to taxes, is to set up a non-profit charity ... with themselves as director.
The stocks or real estate can then be sold by the charity tax free.
Ta-Da!
Jesse Jackson and Al Sharpton have utilized this on a much smaller scale for decades.
Forgot to mention the billionaire will get a nice fat tax deduction for transferring stocks and bonds to the charity ... so he can then sell stocks of his own with little or no tax.

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