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Why do the world's richest people always create their own charities? And by the way, it has nothing to do with helping people. Tom just made £10 million. The government wants £3 million in taxes, but Tom refuses to pay. So he fills out some paperwork and creates a charity. He calls it the Tom Foundation. Then he donates all £10 million's money. He tells the government it's a business expense for the charity's travel. He still controls all the wealth. He still lives like a king. But now, his money is legally untouchable by the taxman. And the best part? Society thinks Tom is a hero. Hero.

Why do the world's richest people always create their own charities? And by the way, it has nothing to do with helping people. Tom just made £10 million. The g…

Ideas in this flowchart

  • Rich People Creating Charities
  • Motivation Behind Charities
  • Not for Helping People
  • Tax Avoidance Strategy
  • Example of Tom
  • Tom Makes £10 Million
  • Government Wants £3 Million in Taxes
  • Tom Refuses to Pay Taxes
  • Creation of Tom Foundation
  • Donation of £10 Million
  • Business Expense Claim
  • Wealth Control Maintained
  • Money Untouchable by Taxman
  • Public Perception
  • Society Sees Tom as Hero
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Why do the world's richest people always create their own charities? And by the way, it has nothing to do with helping people. Tom just made £10 million. The government wants £3 million in taxes, but Tom refuses to pay. So he fills out some paperwork and creates a charity. He calls it the Tom Foundation. Then he donates all £10 million's money. He tells the government it's a business expense for the charity's travel. He still controls all the wealth. He still lives like a king. But now, his money is legally untouchable by the taxman. And the best part? Society thinks Tom is a hero. Hero.

"Why do the world's richest people always create their own charities?"

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