My new deadline: 20 years to give away virtually all my wealth • Hacker News Board

Re: My new deadline: 20 years to give away virtually all my wealth

#11

Post by otteromkram » Thu, May 08, 2025, 2:50 PM UTC

earlyriser wrote: post #6

oceanhaiyang wrote: post #4

[flagged]

Gates has been advocating for higher taxes to people like him for a while.

Is anyone stopping him, et al, from just paying more? There's an option for that on US tax forms (though I'm guessing tax returns for billionaires are a little more complex than what a Form 1040 can handle).

Re: My new deadline: 20 years to give away virtually all my wealth

#12

Post by jsbg » Thu, May 08, 2025, 2:50 PM UTC

modo_mario wrote: post #3

Last time he pledged to give away half his wealth over x years didn't it basically tripple during that period?

Did it triple because the assets he owns tripled in value?

Re: My new deadline: 20 years to give away virtually all my wealth

#13

Post by [deleted] » Thu, May 08, 2025, 2:51 PM UTC

lagniappe wrote: post #8

earlyriser wrote: post #6

Earlier quoted context omitted.

Gates has been advocating for higher taxes to people like him for a while.

Look at outcomes, not words and ambitions.

[deleted]

Re: My new deadline: 20 years to give away virtually all my wealth

#14

Post by melling » Thu, May 08, 2025, 2:51 PM UTC

modo_mario wrote: post #3

Last time he pledged to give away half his wealth over x years didn't it basically tripple during that period?

Maybe it’ll triple again and he’ll throw in a cure for cancer(s) or Alzheimer’s.

Re: My new deadline: 20 years to give away virtually all my wealth

#15

Post by seeknotfind » Thu, May 08, 2025, 2:51 PM UTC

"virtually" wonder why it needs to be qualified like this.

Re: My new deadline: 20 years to give away virtually all my wealth

#16

Post by jarbus » Thu, May 08, 2025, 2:51 PM UTC

Say what you want, but I respect this a lot. Sure as hell beats giving it all to your kids.

Re: My new deadline: 20 years to give away virtually all my wealth

#17

Post by bobxmax » Thu, May 08, 2025, 2:52 PM UTC

oceanhaiyang wrote: post #4

[flagged]

[flagged]

Re: My new deadline: 20 years to give away virtually all my wealth

#18

Post by beyondCritics » Thu, May 08, 2025, 2:53 PM UTC

[flagged]

Re: My new deadline: 20 years to give away virtually all my wealth

#19

Post by legitster » Thu, May 08, 2025, 2:53 PM UTC

modo_mario wrote: post #3

Last time he pledged to give away half his wealth over x years didn't it basically tripple during that period?

Same thing happened to Buffet.

Re: My new deadline: 20 years to give away virtually all my wealth

#20

Post by giantg2 » Thu, May 08, 2025, 2:53 PM UTC

wing-_-nuts wrote: post #7

oceanhaiyang wrote: post #4

[flagged]

You can only write off ~ 67% of your income in through charitable deductions IIRC. Of course, I suppose if donating shares of appreciated stock that doesn't quite apply the same way.

Yeah, it would be going through stocks.