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Melinda Gates: I'm Committing $1 Billion to Promote Gender Equality
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<blockquote data-quote="CaptainS" data-source="post: 1280179" data-attributes="member: 9255"><p>Exactly. They've already "donated" $20 billion to various charities - 35-65% of that goes to salaries, overhead and the cost of donations (parties, travel, fundraisers, etc). And the charity itself only needs to spend around 10% of their remaining funds on the actual work. She can pledge $1 billion but only $40 million will make it to the cause, the rest will continue to fund the Gates family lifestyle...while making her a hero to angry feminists everywhere.</p><p></p><p>Plus, isn't Bill behind the Giving Pledge? They've already pledged half their wealth, what's another billion?</p><p></p><p>This is just a way to advance the agenda and provide payouts to relatives without having to lose control of the assets. Also, ever notice that Bill, Buffett, Jobs and a few others are immune from the "overpaid CEO" mantra? Enough money gets to the right hands and they are coddled by the media and liberal groups.</p></blockquote><p></p>
[QUOTE="CaptainS, post: 1280179, member: 9255"] Exactly. They've already "donated" $20 billion to various charities - 35-65% of that goes to salaries, overhead and the cost of donations (parties, travel, fundraisers, etc). And the charity itself only needs to spend around 10% of their remaining funds on the actual work. She can pledge $1 billion but only $40 million will make it to the cause, the rest will continue to fund the Gates family lifestyle...while making her a hero to angry feminists everywhere. Plus, isn't Bill behind the Giving Pledge? They've already pledged half their wealth, what's another billion? This is just a way to advance the agenda and provide payouts to relatives without having to lose control of the assets. Also, ever notice that Bill, Buffett, Jobs and a few others are immune from the "overpaid CEO" mantra? Enough money gets to the right hands and they are coddled by the media and liberal groups. [/QUOTE]
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Melinda Gates: I'm Committing $1 Billion to Promote Gender Equality
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