seriously??? is this from an apple fan site??
Apple akbar!
There are so many holes in this writer’s thesis it is difficult to want to spend time pointing them out. But there are a couple of points that move around the truth.
One point is that Gates’ charity foundation is a tax dodge pure and simple. And Gates’ tax propensity to want to dodge taxes is well known to Seattlelites. When he built his 50 million dollar pad (Campus) on the lake about 14 years back, he complained about how high the property tax bill was.
Gates’ charity is a tax dodge because he can insure himself for a gazillion dollars and then borrow against those gazillions at low interest or no interest. Loans are not taxable.
Gates’ politics changed from neutral to liberal by coercion. Bill Clinton’s Justice Department backed by arch nemesis Larry Ellison of Oracle were on the edge of breaking up Microsoft as a monopoly. Gates’ felt he was stabbed in the back, and commented that he never expected his own government to work against him. Hence, he was assimilated into the liberal leviathan.
The “opportunity cost” of high tax rates is less job opportunities.
Dunno about all that, but Gates is a thief.
He got his start in business by basically stealing DOS from its author, handing him a couple hundred bucks, much like the old record moguls bought music for a few cents a pop.
Think the guy woke up when the product went hyper, and tried to negotiate a better deal, but nothing doing.
All legal, of course, but still a swindle.
If Gates (and Warren Buffett, and Ted Turner) had his way, there would be no babies to steal from.
Absolutely ridiculous. Apple has ALWAYS been at the high end of any market for every product they came up with.
"WinTel" did far more to "democratize" the use of technology than Jobs/Apple ever did. So much so, in fact, that eventually the economies of scale forced Apple to abandon their beloved Motorola chips for Intel products.
His foundation is no more than a tax shelter scheme. Making a virtue of donating all his money to charity is nonsense when that charity organization is his own foundation.
Bump