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  1. #51
    Homer 2centsworth's Avatar
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    You know where Buffet got his start?

    With a life insurance company.

    You know why the biggest policies are bought?

    To pay estate taxes.

    I have a policy myself that exists solely to pay those taxes if I meet a premature end. That way my business won't have to be sold to pay the taxes. Big problem with estate taxes is that they are due and payable right away - in cash. Most wealth is not held in cash. Now, the person that most people think of paying these taxes are the Paris Hilton's and Kennedy's of the world. Who cares if they have to sell their 4th home in the Hampton's right? The people they don't think of are the small-business owners; who don't have much cash (have sunk it all into the business) - but they have a business that is attractive for its cash-flow to larger businesses. Those businesses buy the small ones, let most of the employees go, and absorb the income into their own structure. They are willing to pay pretty good money, therefore, for a business that generates several million in revenue, even if it only generates a couple hundred grand for the ownership. Therefore, the "value" of the business is well over the (old. $1.2 million) threshold for estate tax exemption. Hope I explained that well.

    Buffet rails on "Dynastic" wealth when arguing for estate taxes. The exemption prior to Bush was only $600 K - twice that for a married couple. EVERYTHING above that was taxed at 60%!!! Now, what "dynasties" are built on a foundation of 600 grand???? Buffet is disengenuous on this one.

    Estate taxes suck.
    I'm for big time exclusion such as $10 million or so per person, but for someone to inherit $100 million and all the political influence that comes with that, you have to do more than just be born in my eyes. Those types of estates create mini dynasties . We don't need kings and queens.

  2. #52
    i hunt fenced animals clambake's Avatar
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    I'm for big time exclusion such as $10 million or so per person, but for someone to inherit $100 million and all the political influence that comes with that, you have to do more than just be born in my eyes. Those types of estates create mini dynasties . We don't need kings and queens.
    you just described cindy.

  3. #53
    Homer 2centsworth's Avatar
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    you just described cindy.
    ok, so what's your point? also, I don't exactly know how her finances are set-up, so it's not that I'm in agreement with you.

  4. #54
    i hunt fenced animals clambake's Avatar
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    ok, so what's your point? also, I don't exactly know how her finances are set-up, so it's not that I'm in agreement with you.
    the point is that her finances were set up at birth.

    you are calling her a Queen.

    but in this case it won't matter to you.

    thats the point.

  5. #55
    Senior Member TheMadHatter's Avatar
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    This thread is chock full of wisdom

  6. #56
    I am that guy RandomGuy's Avatar
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    LOL in the way he chooses, without a tax dime being paid....and at a lower rate by 30% minimum! Than it would by conventional means...and this is with a long term capital gains tax rate of maybe 8%, extremely low.


    Sorry but you guys don't know wha the you are talking about...as evidence by ChumpDumper and Base having seemingly no awareness of the possibility of someone having a negative net worth....when they are in the process of talking .


    You don't get to say someone else "doesn't know what the " they are talking about.

    The fact that you thought the foundation only giving away 5% of its assets per year was greed, instead of what is about to be normally expected from a charitable trust, pretty much says that you are a know-nothing poser.

    A trust is a corporation. It has a charitable purpose, but still must not spend more than it earns if it wants to survive in the long run, just like a for-profit corporation.

    Watching you fling your own crap and jump up and down like a monkey is fun, but don't try to pretend you know more than you do, it makes it more sad and less funny.

    Stick to flinging poo, little monkey, and let the grown-ups talk.

  7. #57
    Senior Member TheMadHatter's Avatar
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    You don't get to say someone else "doesn't know what the " they are talking about.

    The fact that you thought the foundation only giving away 5% of its assets per year was greed, instead of what is about to be normally expected from a charitable trust, pretty much says that you are a know-nothing poser.

    A trust is a corporation. It has a charitable purpose, but still must not spend more than it earns if it wants to survive in the long run, just like a for-profit corporation.

    Watching you fling your own crap and jump up and down like a monkey is fun, but don't try to pretend you know more than you do, it makes it more sad and less funny.

    Stick to flinging poo, little monkey, and let the grown-ups talk.

  8. #58
    United Autodidact Society Shastafarian's Avatar
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    You don't get to say someone else "doesn't know what the " they are talking about.

    The fact that you thought the foundation only giving away 5% of its assets per year was greed, instead of what is about to be normally expected from a charitable trust, pretty much says that you are a know-nothing poser.

    A trust is a corporation. It has a charitable purpose, but still must not spend more than it earns if it wants to survive in the long run, just like a for-profit corporation.

    Watching you fling your own crap and jump up and down like a monkey is fun, but don't try to pretend you know more than you do, it makes it more sad and less funny.

    Stick to flinging poo, little monkey, and let the grown-ups talk.
    I think someone just got put on whottt's ignore list for being "boring".

  9. #59
    Homer 2centsworth's Avatar
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    the point is that her finances were set up at birth.

    you are calling her a Queen.

    but in this case it won't matter to you.

    thats the point.
    you are not making a point, but it doesn't surprise me because you read what you want.

    Just in case a bolt of lightening strikes you and you decide to actually read a post I'll explain it in simple terms.

    I'm against dynastic wealth. dynastic wealth is someone outright inherits $100 million. However, some people inherit the responsiblities of managing that type of wealth for the benefit of others and charities. I don't know which category Cindy falls in, but if she falls in to the former I disagree with that.

    Now tell me what do wives have to do with this campaign?

  10. #60
    I am that guy RandomGuy's Avatar
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    Rats. I posted that in something of a snit, and was going to go back and take some of the snarkiness out of it. Whottt is an ass, but I really didn't want to get down to his level.

    That is a loss in my fight against my lower self. Dammit. Ah well, life goes on.

  11. #61
    I am that guy RandomGuy's Avatar
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    I think someone just got put on whottt's ignore list for being "boring".

  12. #62
    i hunt fenced animals clambake's Avatar
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    you are not making a point, but it doesn't surprise me because you read what you want.

    Just in case a bolt of lightening strikes you and you decide to actually read a post I'll explain it in simple terms.

    I'm against dynastic wealth. dynastic wealth is someone outright inherits $100 million. However, some people inherit the responsiblities of managing that type of wealth for the benefit of others and charities. I don't know which category Cindy falls in, but if she falls in to the former I disagree with that.

    Now tell me what do wives have to do with this campaign?
    you are the one that brought it up.

    i think you failed to notice that you completely described cindy mccain.

    one of the wives is a queen. you said so.

  13. #63

  14. #64
    United Autodidact Society Shastafarian's Avatar
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    They don't spend their money altruistically RG. Haven't you heard?!?!?

  15. #65
    I am that guy RandomGuy's Avatar
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    Recent Education Research and Evaluation Grants


  16. #66
    I am that guy RandomGuy's Avatar
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    Pitt receives $10 million from Gates Foundation
    Vaccine Modeling Initiative will use computer models to determine most successful vaccine technologies to quickly control epidemics

  17. #67
    United Autodidact Society Shastafarian's Avatar
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    god this is the definition of being owned

  18. #68
    I am that guy RandomGuy's Avatar
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    Gates Foundation Adding to a School Project

    In an effort to improve high school graduation rates and encourage more low-income students to finish college, the Bill and Melinda Gates Foundation will spend an additional $30 million to create hybrid high schools in which students spend significant time in college classes, the foundation announced yesterday.

  19. #69
    I am that guy RandomGuy's Avatar
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    U-M project one of 43 funded by Gates Foundation

    The Michigan Nanotechnology Ins ute for Medicine and Biological Sciences
    (M-NIMBS) is one of 43 ins utions—and one of only two in the Midwest—to receive a Grand Challenges in Global Health Initiative grant funded largely by the Bill & Melinda Gates Foundation.

    The initiative seeks to achieve scientific breakthroughs against a number of diseases that kill millions of people each year in the world's poorest countries. The fund is supported by commitments of $450 million from the Gates Foundation, $27.1 million from the Wellcome Trust and $4.5 million from the Canadian Ins utes of Health Research (CIHR).

  20. #70
    I am that guy RandomGuy's Avatar
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    U.N. food-program effort gets help from Gates Foundation

    Bill Gates will unveil a plan to bring hundreds of thousands of small farmers into the market as suppliers to the U.N. World Food Program.

    By Kristi Heim

    Seattle Times business reporter

    Trying new market mechanisms to address poverty, the Bill & Melinda Gates Foundation is supporting an effort to link one of the world's largest food buyers with the world's smallest farmers.

  21. #71
    Senior Member TheMadHatter's Avatar
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    Republicons have now left the building.

  22. #72
    I am that guy RandomGuy's Avatar
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    Gates Foundation Awards $19.4 Million to Mercy Corps for Microfinance Project

    Mercy Corps, a U.S.-based nonprofit that works to alleviate suffering, poverty, and oppression by helping people build secure, productive and just communities, has announced a $19.4 million grant from the Bill & Melinda Gates Foundation to expand access to financial services for Indonesia's poor.

  23. #73
    I am that guy RandomGuy's Avatar
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    Gates Foundation expands library project

    The Bill and Melinda Gates Foundation has announced the expansion of its Global Libraries Initiative, a project that will invest $328 million over seven years to help developing countries plan and install free computer and Internet service in public libraries and reading rooms. According to the foundation, 87 percent of people worldwide have no Internet access. The Global Libraries Initiative aims to alleviate the problem of computer and Internet availability in 12 to 15 developing countries.

  24. #74
    I am that guy RandomGuy's Avatar
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    I think I have made my point.

    This took all of a few minutes with the google search for "gates foundation projects"

    I didn't see any of those projects making the foundation any money...

  25. #75
    I am that guy RandomGuy's Avatar
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    They don't spend their money altruistically RG. Haven't you heard?!?!?
    It is patently absurd to use the Bill Gates Foundation as an example of altruism.
    That is going in my siggy.

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