Bifalgorithm post
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