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jppianoguy t1_j68fd9n wrote

Reply to comment by CassCat in This is a cult, right? by CassCat

A lot of billionaires do that all the time. Think Rockefellers and Carnegies, now the Gates', etc.

They create nonprofits that do good work, for sure, but they also hire their friends and family members to run them.

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CassCat OP t1_j68fthp wrote

Seems to me that once you have a stupid amount of money, the only thing left to do is shape the world in your image, which is potentially bad if you happen to be a dick.

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Snerak t1_j6967aq wrote

The problem is the extremely short supply of people with stupid amounts of money that aren't dicks.

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bramletabercrombe t1_j6b1ccc wrote

it should be illegal. That's what kings do. One person shouldn't have the power to shape the direction a society leads, that's the job of government. The fact that we let companies skirt antitrust law for generations then allow the heirs of those companies to dictate societal changes is disgusting. If they want to create a charitable trust let THE PEOPLE decide where that money goes and who's name goes on it.

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CassCat OP t1_j6dtnbw wrote

But doesn’t it all trickle down eventually? 😒🙄

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bramletabercrombe t1_j6b0kf6 wrote

Read up on what that scumbag Walton family does with their billions. They use CLATs to shelter their money from taxes.

The basic operation of a CLAT is as follows. The donor gives property to
a trust. The trust then pays the charity a certain amount each year for
a certain number of years. When the trust terminates, the property is
then transferred to the donor's heirs.

This is a modern kingdom. Not only has this scumbag family spent the last 30 years sending all of our manufacturing and trade secrets to communist China but they never had to pay a dime in taxes while they were selling out the U.S.A.

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Lost_city t1_j69i8sa wrote

Andrew Carnegie built 2,509 libraries for the public. Must have had a lot of friends to employ.

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bramletabercrombe t1_j6b28ie wrote

I'll assume you never heard Homestead strike. Maybe you would have if he only built 2508 libraries. You see, when you have unlimited wealth you can also buy unlimited PR to whitewash the fact that you were once a mass murderer. No one should have unlimited wealth.

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