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Top hedge funds make record $67bn in profits for 2023
(www.theguardian.com)
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this post was submitted on 22 Jan 2024
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A better billionaire would donate the majority of their money losing billionaire status.
Buffett has already donated the majority of his wealth, otherwise he would be wealthier than Musk.
He also announced that whatever is left when he dies will be donated as well, and publicly challenges other billionaires to do the same.
The patagonia guy "donated" his wealth too -- to a nonprofit that is run by and directly benefits his family, avoiding massive amts of taxes. I'm sure Warren will be a good Billionaire, though, even though that's an oxymoron.
Donations can reduce your taxes, but you always lose more from the donation than you get back in tax breaks.
There's levels to everything. I'd say Bezos, Devos, Koch, Waltons are far far worse and have done massive damage to our country.
Every year or so I get an order at work from Koch. They suck so very hard at engineering but they have so much money. It took me a while to notice it but every "engineer" I worked with over there was super good at giving you the impression that they knew what they were doing but didn't infact know. Their paperwork looks great, they talk a great talk And that is where it ends.
Just in case this insight is useful to you since you rightfully hate Koch.
I hate them for starting the Tea Party and starting us down the path of Trump insanity.