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(Gawker)   Some billionaires, such as Bill Gates and Warren Buffet, have pledged to give away the vast majority of their fortunes to charity. Then there are the Waltons, who inherited their billions and are going to fight to keep every last dime   (gawker.com) divider line 474
    More: Interesting, Bill Gates, Sam Walton, Walton family, John D. Rockefeller, Gilded Age  
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18265 clicks; posted to Main » on 12 Sep 2013 at 3:29 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-12 12:29:21 PM  
well, that's their right, of course. just as it's my right not to shop at their shiatty stores.
 
2013-09-12 12:31:33 PM  

FlashHarry: well, that's their right, of course. just as it's my right not to shop at their shiatty stores.


Precisely.  Though I do take issue with them amassing such a fortune by keeping the people that work for them on wages too low to support them.  But yeah - I vote with my wallet.
 
2013-09-12 12:33:43 PM  
They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?
 
2013-09-12 12:33:55 PM  

FlashHarry: well, that's their right, of course. just as it's my right not to shop at their shiatty stores.


Exactly. You can biatch about this on facebook...or you can just not shop at WalMart.

My brother works for Wal Mart. Everything you've heard about their shady practices are true.
 
2013-09-12 01:09:13 PM  
something about rich men...and heaven....and camels and the eyes of needles....

wonder what the stats are of walmart shoppers claiming to be chrisitans
 
2013-09-12 01:11:31 PM  
That's pretty typical, in my experience.

Self-made millionaires and billionaires knew what it was like to be poor, middle-class, or even just slightly less rich.  It wasn't the end of the world.  They were happy.  So you have to get a Ferrari instead of a Bugatti.  BFD.

Rich kids who won the uterus lottery grow up so sheltered, they seem to think the real world is a coont hair away from Thunderdome.
 
2013-09-12 01:52:53 PM  
Why should we penalize such successful people?  If you want the government to have its money, have it stop helping the indigent and poor and simply leave rich people to their earnings.

/tea party logic
 
2013-09-12 02:04:43 PM  

Sgt Otter: That's pretty typical, in my experience.

Self-made millionaires and billionaires knew what it was like to be poor, middle-class, or even just slightly less rich.  It wasn't the end of the world.  They were happy.  So you have to get a Ferrari instead of a Bugatti.  BFD.

Rich kids who won the uterus lottery grow up so sheltered, they seem to think the real world is a coont hair away from Thunderdome.


Seems to me a pretty heavy indictment of Sam Walton - he raised a brood of assholes.
 
2013-09-12 02:15:20 PM  
Of course they are subby, they don't have that much to begin with...

static.guim.co.uk
 
2013-09-12 02:15:45 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


Maybe because that family has more sway over what tax law is than yours or mine.
 
2013-09-12 02:19:01 PM  

doyner: Maybe because that family has more sway over what tax law is than yours or mine.


I'm still trying to figure out what the gripe is in TFA.
 
2013-09-12 02:25:45 PM  

Dancin_In_Anson: doyner: Maybe because that family has more sway over what tax law is than yours or mine.

I'm still trying to figure out what the gripe is in TFA.


I think it's pretty straightforward.  They're masters at legal tax evasion.
 
2013-09-12 02:28:43 PM  

doyner: I think it's pretty straightforward.


I don't think we read the same article.
 
2013-09-12 02:31:51 PM  
The House of Saud points and laughs.
 
2013-09-12 02:36:17 PM  

Dancin_In_Anson: doyner: I think it's pretty straightforward.

I don't think we read the same article.


Apparently when the page loaded on your computer the link sent you to an American Potatoe diatribe instead.
 
2013-09-12 02:38:44 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


You and I taking advantage of tax laws, with the few thousand we collectively pay in taxes every year is nothing compared to a single loophole exploited by the 8+-figure crowd.

There's also the problem that they, with their financial largesse, can affect what the actual tax laws are (while we can't to the same degree), making the idea that we're anything close to a level playing field ludicrous on its face.

There's "gaming the system", and there's "creating a system favorable to your games". We may do the former for the cost of maybe a few million total, nationwide, but the Waltons (and the millionaires in Congress) do the latter to the tune of tens (if not hundreds) of billions.
 
2013-09-12 02:43:57 PM  

doyner: Apparently when the page loaded on your computer the link sent you to an American Potatoe diatribe instead.


There's more truth to that than you intended.

On one hand Bill Gates and Warren Buffet are great people because they give a lot of money to charity. Oh and the Waltons do too...more than Buffet and almost as much as Gates (Wal Mart's charitable donations not included) but they get tax breaks. No mention of the possibility that Gates and Buffet might....juuuuuuuuuuust might realize some tax breaks as well.

Weapons grade potato(e).
 
2013-09-12 02:48:10 PM  

Dancin_In_Anson: doyner: Apparently when the page loaded on your computer the link sent you to an American Potatoe diatribe instead.

There's more truth to that than you intended.

On one hand Bill Gates and Warren Buffet are great people because they give a lot of money to charity. Oh and the Waltons do too...more than Buffet and almost as much as Gates (Wal Mart's charitable donations not included) but they get tax breaks. No mention of the possibility that Gates and Buffet might....juuuuuuuuuuust might realize some tax breaks as well.

Weapons grade potato(e).


For the record, Buffet and Gates are just as much a part of the problem as the Waltons.  They're just less douchey about it these days.
 
2013-09-12 02:50:41 PM  

Dr Dreidel: There's "gaming the system", and there's "creating a system favorable to your games


Indeed.
 
2013-09-12 02:51:08 PM  

Dancin_In_Anson: Dr Dreidel: There's "gaming the system", and there's "creating a system favorable to your games

Indeed.


Your point?
 
2013-09-12 02:51:09 PM  

what_now: FlashHarry: well, that's their right, of course. just as it's my right not to shop at their shiatty stores.

Exactly. You can biatch about this on facebook...or you can just not shop at WalMart.

My brother works for Wal Mart. Everything you've heard about their shady practices are true.


They don't just low-ball their employees:  they routinely delay payments to their service contractors out
to the ragged edge of their payment windows, and that's after they 'negotiate' sweetheart deals that trade
heavily on the 'prestige' of allowing their contractors to say "Hey, we have WAL*MART as a client!" in
return for the lowest of rates.

Cheap bastards the lot of them.
 
2013-09-12 02:51:18 PM  

doyner: For the record, Buffet and Gates are just as much a part of the problem as the Waltons.


You wouldn't know it from reading this article.
 
wee [TotalFark]
2013-09-12 03:07:48 PM  
Who farking cares?  It's their dimes...
 
2013-09-12 03:12:28 PM  

wee: Who farking cares?  It's their dimes...


I'll just leave this here for you.
 
2013-09-12 03:27:11 PM  
Conservatism is just what we call the political expression of the character flaw selfishness.
 
2013-09-12 03:33:11 PM  
48% isn't a vast majority, but it's still great to hear.

Now if only Bill Gates would stop obsessing about depopulation we wouldn't have to worry about nearly half of his fortune going towards that.
 
2013-09-12 03:34:14 PM  
old news is old
 
2013-09-12 03:36:33 PM  
Pay your employes so little that they need government assistance to survive.

Don't pay taxes.

Win.
 
2013-09-12 03:37:13 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


taking advantage and lobby for changes to those laws = class warfare.
 
2013-09-12 03:39:55 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


That they've spent millions to craft the tax law to their liking perhaps?  That they and a small group of ^) other families collectively gave themselves a $76 BILLION tax break when they pretty much out of whole cloth  created and funded the whole "repeal the Death Tax Movement"    or maybe its that right now  the top 10% take in 50% of the national income and own 90% of all the stock, the highest levels since they've been keeping records, and Utter bastards though they were, at least some of the last generation of Robber Barons like Getty, Rockefellar, and Carnegie has at least some understand of the concept of Noblisse Oblige.

As Robert Heinlien once wisely said: "While originally a French word, the French aristocrats at some point lost the concept of Noblesse Oblige while it remained strong among the English nobility.  This helps explain while the British nobility are still around while the French are not." (quoting form memory because I'm too lazy to google)
 
2013-09-12 03:40:37 PM  
That article was farking terrible. The point seems to be that the exceptionally wealthy have managed to "cheat" the system by crafting increasingly complicated shell games to hide their money and we should address this problem to make sure they're paying a reasonable share back into the system that they use to build and maintain that wealth. And it's right, of course.

But the Waltons are only a symptom of that problem and it's completely unjustifiable to go about attacking them directly in the way the writer did. They're an EXAMPLE of what's wrong with the system, they're not, in this instance, the actual problem.

Although, considering the source I guess it's about on par with my expectations.
 
2013-09-12 03:41:44 PM  
Cool stoy bro, but... how do they TASTE?

They have money, they keep money. By the time they die, they'll have even MOAR mountains of wealth. And then THEIR grandchildren will have moooore unfathomable mountains of cash.

And then the revolution will place their heads on pikes. :)

/ lol
 
2013-09-12 03:46:07 PM  

skozlaw: But the Waltons are only a symptom of that problem and it's completely unjustifiable to go about attacking them directly in the way the writer did. They're an EXAMPLE of what's wrong with the system, they're not, in this instance, the actual problem.


As people mentioned up thread they are lobbying to change tax law in their favor while paying their employees so little the rest of us subsidize their profits with social services to bring their employees up to a living wage. fark the waltons
 
2013-09-12 03:46:40 PM  
Lefty butthurt abounds.

Vote with your wallet if you don't like Walmart. Live your life and stop worrying about other people that don't give a shiat about you.
 
2013-09-12 03:47:28 PM  
So, this author of TFA is upset these people, who several of them worked side-by-side with their father to earn their money, is pissed they are trying to evade death taxes of their estates so that their children and not the government ends up with their money. Just wanted to check.

Not to defend the Waltons either, isn't their current worth almost entirely made up of the stock of Walmart?
 
2013-09-12 03:47:37 PM  
You put an extra eighth of an inch of pine tar on the bat; I paid the umpires to blow every close call in my favor.

We're both guilty!
 
2013-09-12 03:48:44 PM  

parasol: something about rich men...and heaven....and camels and the eyes of needles....

wonder what the stats are of walmart shoppers claiming to be chrisitans


I'm sure many of them are Christian, but you know what a hell of a lot of them are as well?  Poor.

So, I don't see the problem.  It's very possible to be forced to shop for your goods at the cheapest place in town and frown inside at the obvious un-Christian like behavior of the owners.

Not all of them are stupid hypocrites that relish the joys of having to buy their cheap shiat at Walmart.  Some of them probably hate it and wish that they had the disposable income to waste on more expensive stores, but that's just not possible.

What other options are there for the destitute?  Give them a break.
 
2013-09-12 03:48:46 PM  
I just want government to be so small we can drown the Waltons and anti-tax assholes in their f*cking bathtubs.
 
2013-09-12 03:49:08 PM  
I'm not one to condone violence....BUT

I would definitely be in the mob that tarred and feathered these jackasses.

/C'mon people, stop shopping at Wal-Mart
 
2013-09-12 03:49:36 PM  
The whole Wal Mart system, from it's disgustingly-greedy owners, to it's awful policies against a decent living wage, to the horrific abominations of nature who go there to shop, is proof without a doubt that there is no God.

A swirling vortex of avarice, cruelty, and inbred stupidity.
 
2013-09-12 03:49:44 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


The Waltons: Just Like Us.

/I make $7.25/hour working from home! You guyz have to check this out www.walmart.com get paid to post about how awesome the Waltons are
 
2013-09-12 03:49:49 PM  

Dancin_In_Anson: doyner: Apparently when the page loaded on your computer the link sent you to an American Potatoe diatribe instead.

There's more truth to that than you intended.

On one hand Bill Gates and Warren Buffet are great people because they give a lot of money to charity. Oh and the Waltons do too...more than Buffet and almost as much as Gates (Wal Mart's charitable donations not included) but they get tax breaks. No mention of the possibility that Gates and Buffet might....juuuuuuuuuuust might realize some tax breaks as well.

Weapons grade potato(e).


Well that's some fine intellectual dishonesty. Gates' and Buffett's heirs will receive a relative pittance. The current Waltons ARE the heirs. Ergo, had Mr. Walton done what Mr Gates and Buffett are doing, the current Waltons would not exist in their current format. How could you miss that simple fact?
 
2013-09-12 03:50:07 PM  

wee: Who farking cares?  It's their dimes...


Glad you are willing to pay more in taxes to make up for theirs.
Very patriotic of you, citizen.
 
2013-09-12 03:50:17 PM  

Tigger: Conservatism is just what we call the political expression of the character flaw selfishness.




Also known as one of the seven deadly sins: avarice. Not a Bible thumper by any stretch of the imagination, but the writers of those sins knew human nature.
 
2013-09-12 03:50:28 PM  
clancifer [TotalFark]
2013-09-12 01:52:53 PM
Why should we penalize such successful people? If you want the government to have its money, have it stop helping the indigent and poor and simply leave rich people to their earnings.
I R troll retard

/tea party logic
/Liberal talking point
 
2013-09-12 03:50:29 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


That YOU seem to find nothing wrong with any of it.
 
2013-09-12 03:51:00 PM  
"Some billionaires, such as Bill Gates and Warren Buffet, have pledged to give away the vast majority of their fortunes to charity"

They can pledge to fly a unicorn over a rainbow to Jupiter and back,,,,it doesn't mean they are going to.
 
2013-09-12 03:51:12 PM  
Richest family in the world? That seems incorrect. Wouldn't the Saudi Royal family or the English Monarchy hold that title?
 
2013-09-12 03:51:49 PM  
I doubt theyre the richest family in the world, especially with the dollar as weak as it is.
 
2013-09-12 03:51:50 PM  
Just once I would like one of these billionaires to donate some money to my charity, the Shtetl G Foundation for the Advancement of the Procurement of Hookers and Blow.  But no,  those greedy farks want to keep their misbegotten cash.
 
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