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this post was submitted on 13 Jan 2025
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That's probably why Bill Gates set up his foundation. He wasn't allowed to grow his empire, so he decided to go the Carnegie route.
Yeah. A la Carnegie, the philanthrophy was to get tax deductions, plus, they only need to pay like 5% of what they declare, and the rest of the 95% to be reinvested in their charity to do whatever (perhaps lobbying for certain gov't policies).
That's why I pointed to Carnegie instead of something else.