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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 475
    More: Interesting, Bill Gates, Sam Walton, Walton family, John D. Rockefeller, Gilded Age  
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18259 clicks; posted to Main » on 12 Sep 2013 at 3:29 PM (50 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-12 03:52:15 PM

sweetmelissa31: 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


Don't laugh, corporations employ computer gerbils all the time to post obsequious lauding, obvious comments.
 
2013-09-12 03:52:47 PM
I like where this thread is going!
 
2013-09-12 03:54:08 PM

TV's Vinnie: A swirling vortex of avarice, cruelty, and inbred stupidity.


i.telegraph.co.uk
You rang? Masters of the charitable lead trust.
 
2013-09-12 03:54:41 PM

Dancin_In_Anson: 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


How do they give more to charity than Buffet? It says the entire endowment of the Waltons' fund is $2.2B. Now, that's great for them, but the Gates Foundation is worth something like $30B and Buffet has pledged virtually his entire fortune to them.
 
2013-09-12 03:54:50 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?


Hey there is no need for logic in these threads, its a hate on wal mart thread.

They completely ignore that they have donated millions to schools in their home state and built one of the finest museums/art galleries not in a major city.

Morons get mad at them because they dont have white or rich guilt like the others who have gotten money, it amazes me to this day how the kennedy's are so revered yet people ignore how their father was such a scumbag and was the only reason why they were rich.
 
2013-09-12 03:55:39 PM
Money was tight back in the and my Son needed some shoes.  I heard about Walmart practices so I went to a mom and pop shoe store in the area.  They had $38 shoes in his size - made in Tiawan.

Similar shoes made in China sold at Walmart for $15.

It was a tough choice........not really.
 
2013-09-12 03:55:57 PM

ManRay: 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.


We're outnumbered by low-information consumers.
 
2013-09-12 03:56:51 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?


Not even counting for interest, it was that they can spend $1,000,000 a day for 273 years, and it's not enough for them.
 
2013-09-12 03:57:24 PM
Good night, Mary Ellen.
 
2013-09-12 03:57:35 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 Bill Gates and Warren Buffet are philanthropists who do great things for humanity with their money while the Waltons want neo-slaves to labor for them so they can hoard their wealth and buy more political power?
 
2013-09-12 03:57:39 PM

Uncle Pooky: Richest family in the world? That seems incorrect. Wouldn't the Saudi Royal family or the English Monarchy hold that title?


The English monarchy is fahkin NOTHING. They are, on a worldwide scale, relatively poor. I think I remember hearing they had a total of 85 mil. to the crown. If that. Very 'Meh" for a Regency.

The Saudi Family oil $ might be pretty astronomical though...
 
2013-09-12 03:58:05 PM
Good night, John boy.
 
2013-09-12 03:58:38 PM

EdNortonsTwin: "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.


Both are already giving away good portions of it.

The problem with the Waltons is not unusual, though, amongst people who inherit rather than create their fortune. They are born on third base and believe that they got there by hitting a triple (expression is not mine).
 
2013-09-12 03:59:27 PM

slayer199: Of course they are subby, they don't have that much to begin with...

[static.guim.co.uk image 460x276]


They had enough money to send John Boy off to get a fancy college education. I say those Waltons have lived high on the hog long enough.
 
2013-09-12 04:00:02 PM

stirfrybry: Good night, Mary Ellen.


stirfrybry: Good night, John boy.


Good night, chief.
 
2013-09-12 04:00:21 PM
Someone sounds poor... and that someone would be me.

/not subby
 
2013-09-12 04:01:12 PM

trickymoo: Uncle Pooky: Richest family in the world? That seems incorrect. Wouldn't the Saudi Royal family or the English Monarchy hold that title?

The English monarchy is fahkin NOTHING. They are, on a worldwide scale, relatively poor. I think I remember hearing they had a total of 85 mil. to the crown. If that. Very 'Meh" for a Regency.

The Saudi Family oil $ might be pretty astronomical though...


I think that's what alot of these people are missing too. The Waltons are rich in STOCK of Walmart. Just like the Saudi's in oil $. Your wallet determines the value of both.
 
2013-09-12 04:02:00 PM
This is why estate taxes exist. We have agreed, as a society, that at least some of these huge piles of wealth should be put back into the public coffers when their rich owners die.

This is the dumbest line from the article, this tax does not affect the rich they just move their money where it is not subjected to this tax, this law affects the middle class to low income people the most when they have richer relatives die and have no clue how to handle money that would desperately help them pay off a lot of their bills. Our 2nd cousins had their uncle die after he had a ton of oil tapped on his property, after he died they had to sell off most of the property to pay off taxes due, they are still broke as shiat since after that all that was left was a few thousand per each family. If they could have kept most of it quite a few of their kids could have went to college but now they are stuck working shiat jobs that endanger their health and safety on a daily basis.

The estate tax law needs to be changed to allow poor or middle class to keep more, its a farking cash grab from the government and idiots act like this is a rich tax.
 
2013-09-12 04:02:19 PM

ManRay: Live your life and stop worrying about other people that don't give a shiat about you

 are actively trying to create a new royal class in this country, screwing everyone else in the process.

FTFY, and GFY.
 
2013-09-12 04:03:45 PM

Red Shirt Blues: TV's Vinnie: A swirling vortex of avarice, cruelty, and inbred stupidity.

[i.telegraph.co.uk image 460x287]
You rang? Masters of the charitable lead trust.


and yet he worked his whole life trying to get people health care.
while the Waltons work hard to deny people benefits.
 
2013-09-12 04:04:37 PM

dukeblue219: It says the entire endowment of the Waltons' fund is $2.2B.


Those bastards!
 
2013-09-12 04:04:57 PM

trickymoo: Uncle Pooky: Richest family in the world? That seems incorrect. Wouldn't the Saudi Royal family or the English Monarchy hold that title?

The English monarchy is fahkin NOTHING. They are, on a worldwide scale, relatively poor. I think I remember hearing they had a total of 85 mil. to the crown. If that. Very 'Meh" for a Regency.

The Saudi Family oil $ might be pretty astronomical though...


Thanks for inspiring me to Google it. FYI, according to multiple sources, you're a bit* off.

*several hundred million at best.
 
2013-09-12 04:05:17 PM

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


That sux.  Has he had any luck finding a better job?
 
2013-09-12 04:05:32 PM

steamingpile: it amazes me to this day how the kennedy's are so revered yet people ignore how their father was such a scumbag and was the only reason why they were rich.


You revere the Kennedys about as much as I revere the Waltons. Heh, are you asking people to be nice to the Waltons but not the Kennedys?
 
2013-09-12 04:06:20 PM
It's too bad that greed doesn't cause ass cancer.
 
2013-09-12 04:08:03 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.


not exactly true.. Alice wasn't born rich.. she should know better but I think she may actually be the worst.
 
2013-09-12 04:08:06 PM

doyner: 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.


They are bigger hypocrites than the Waltons. That is all. They pay millions to shelter billions from the government. Berkshire Hathaway has been in court for over a decade because Buffet doesn't want to pay his fair share of corporate taxes. Gates practically invented outsourcing.
 
2013-09-12 04:08:13 PM

stirfrybry: Good night, John boy.


Dammit! Can't a guy masturbate in this house??!!
 
2013-09-12 04:08:30 PM

steamingpile: The estate tax law needs to be changed to allow poor or middle class to keep more, its a farking cash grab from the government and idiots act like this is a rich tax.


From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.

If you think the estate tax hits the poor or middle class, you're a tool of punditry.
 
2013-09-12 04:09:10 PM

stonicus: 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?

Not even counting for interest, it was that they can spend $1,000,000 a day for 273 years, and it's not enough for them.


Whats your point? They earned it and can do what they want.

Personally I hate wal mart because they are responsible for driving down the quality of goods in stores now and blackmail companies to put their name on lower quality products or have their other products yanked off the shelves.
 
2013-09-12 04:10:52 PM

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


Hillary Clinton was on the board when they started their made in anywhere but America practices. It is no surprise that her husband would be the one to make China a permanent most favored trading nation, despite protests from both parties.  Their Walmart stock tingled with excitement at that.
 
2013-09-12 04:11:09 PM

TV's Vinnie: 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.


yet you forgot to mention the most 'used' people of all in the entire supply chain.. the actual slave laborers making the products in shiatty factories..
 
2013-09-12 04:11:12 PM

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

 
2013-09-12 04:13:54 PM
Until you quit screwing around and finally pass a law making it illegal to be rich, this is going to continue to happen.
 
2013-09-12 04:14:29 PM

PsyLord: Someone sounds poor... and that someone would be me.


That is subjective, to some I am poor to others we are rich even if I am trying to finish classes.

Headso: steamingpile: it amazes me to this day how the kennedy's are so revered yet people ignore how their father was such a scumbag and was the only reason why they were rich.

You revere the Kennedys about as much as I revere the Waltons. Heh, are you asking people to be nice to the Waltons but not the Kennedys?


One of those people sided with the Nazis and actively supported Sen McCarthy during his hearings and ruined people. One is a lot worse and neither is worthy of much respect but more seem to hold the kennedy's up when they are scumbags, which the diary is now revealing.

BKITU: From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.


Link? If thats a cap then it must be new since the amount they lost was no where near that amount but I saw the accountants letters and bills from the tax.
 
2013-09-12 04:17:23 PM
YA know what's funny? For the past two weeks we have been undergoing out yearly SQF audit by Wal Mart AND Target. Yes. They both use the same auditing firm. Part of this audit involves Ethical Sourcing where by they go over all our policies and practices to insure that all of our hiring practices, benefit practices and so on are done ethically. When the auditor was sitting here going over my part of this yesterday, he asked if we actively inform the employees of their right to join a union. I wanted to say 'fark no, do we look stupid?' But I was cool about it and said, 'No, but it is posted with the mandatory Labor Law posters'.
 
2013-09-12 04:18:12 PM
Why would you expect anything different? They have crappy products in their stores, horrible employment practices, and are unrepentant about both. Why would you expect them to act like anything other than the white trash nouveau riche assholes that they are....
 
2013-09-12 04:18:48 PM

steamingpile: neither is worthy of much respect


It was hard to tell that from your initial post when you were telling everyone about their donations and museum.
 
2013-09-12 04:19:20 PM
steamingpile:

BKITU: From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.

Link? If thats a cap then it must be new since the amount they lost was no where near that amount but I saw the accountants letters and bills from the tax.


http://en.wikipedia.org/wiki/Estate_tax_in_the_United_States

The deduction was a million bucks a decade ago and has gotten bigger almost every year. It was jacked up to $5 million in 2010.

Maybe they were scammed by their accountant/lawyer.
 
2013-09-12 04:19:45 PM
Non of my business.  Non of yours either, subby.

If they're doing something illegal, let us know.

Otherwise, MYOB and GBTW.  Earn your own billions and donate them as you see fit.
 
2013-09-12 04:20:01 PM
The 'super rich' aren't harmed by the estate tax.  It keeps the lesser families from joining them without windfall.
 
2013-09-12 04:20:44 PM

7th Son of a 7th Son: stirfrybry: Good night, John boy.

Dammit! Can't a guy masturbate in this house??!!


Ceiling Myrtle is watching you.
 
2013-09-12 04:22:04 PM

Nemo's Brother: They are bigger hypocrites than the Waltons. That is all. They pay millions to shelter billions from the government. Berkshire Hathaway has been in court for over a decade because Buffet doesn't want to pay his fair share of corporate taxes. Gates practically invented outsourcing.


STOP THAT NOW! This is Fark for God's sake! We will NOT tolerate facts!
 
2013-09-12 04:23:16 PM

steamingpile: Whats your point? They earned it and can do what they want.


They inherited it. Big difference.
 
2013-09-12 04:24:42 PM

doyner: 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.


As voted for by members of Congress who write the tax laws. Harry Reid and Nacey Pelosi are as much if not more ethicly challenged than the Walton's,  That's Their own money, Reid and Pelosi use YOUR money to cheat the system.
 
2013-09-12 04:26:04 PM

Headso: steamingpile: it amazes me to this day how the kennedy's are so revered yet people ignore how their father was such a scumbag and was the only reason why they were rich.

You revere the Kennedys about as much as I revere the Waltons. Heh, are you asking people to be nice to the Waltons but not the Kennedys?


Hey, the call girl industry in this country is thriving thanks to the philanthropy of the Kennedys.
 
2013-09-12 04:26:07 PM
What's this?  Another thread full of liberals whining about other people having things, and mistakenly believing that the fact that others have things somehow prevents they themselves from having things?  Carry on.
 
2013-09-12 04:26:10 PM

Headso: steamingpile: neither is worthy of much respect

It was hard to tell that from your initial post when you were telling everyone about their donations and museum.


I giver her slight credit for that but its minimal at best, Joe Kennedy deserves no respect. Most extremely wealthy people gave away millions as they aged, Carnegie built numerous libraries around the country, it is sad looking at old pictures of the one the city of atlanta tore down for a shiattier steel and glass building.

Target Builder: steamingpile:

BKITU: From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.

Link? If thats a cap then it must be new since the amount they lost was no where near that amount but I saw the accountants letters and bills from the tax.

http://en.wikipedia.org/wiki/Estate_tax_in_the_United_States

The deduction was a million bucks a decade ago and has gotten bigger almost every year. It was jacked up to $5 million in 2010.

Maybe they were scammed by their accountant/lawyer.


Oh well this was years ago, I dont think it was before 2001 but its been a long time I know that.
 
2013-09-12 04:26:35 PM

BigGrnEggGriller: Non of my business.  Non of yours either, subby.


It's only none of your business if you don't pay any taxes, if you pay taxes you are subsidizing the Walton family fortune and it is your business.
 
2013-09-12 04:27:02 PM

ManRay: 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.


As a Christian I care about people. I don't want someone to work and still not be able to afford shelter, food, healthcare. I am a "lefty" because I believe Christians should act and think and love more like Christ did and not like the Devil. You can always tell if someone is a true follower of Christ by their love for their fellow man. Rest assured the people on the right who claim to be Christians but hate the sick, the poor and those they deem unworthy will hear God say that He never knew them. So keep on with that "lefty" crap and your greed at the expense of others. You will impress your money worshiping, fake Christian friends but you will lose your soul.
 
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