Sunset the foundations.
Bill Gates put 28 billion in his foundation.
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Is it like the Clinton Foundation “non-profit” that pays for all the Clinton utilities, servants, cars, private jets, parties, in other words almost everything they do?
“Foundations” were founded in the early 20th century to launder money and clean up the reputations of the evil oligarchs—elites like the Rockefeller and Rothschild and Carnegie families. Through the foundations they are able to become filthy wealthy, skim money, keep money in the family and make their evil buddies filthy wealthy, people who will do their bidding (like politicians). It ends up being the Leviathan which controls absolutely everything like schools, universities, textbooks, politicians, Hollywood, script writers, musicians, etc., so they can control all ideas and perceptions of the masses.
We have to destroy the System-—it is evil and only produces evil.
So glad to see this in the Wall Street Journal this morning.
This idea is infuriating.
Pres. Trump got hammered for a carry forward tax write off
Not a peep on this one.
“can employ family members at six-figure salaries”
Then those employees would be paying income tax and FICA on that money.
Why can’t everyone here do the same? It’s legal. All I need is someone here to give me 18 Billion dollars so I can set up my own foundation to control and manipulate.
And NON-profits can employ ANYONE at those wages.
NP sure as heck does NOT mean low benefits.
Why would it be taxed?
Soros gave away unrealized capital gains. Soros did not benefit from the capital gains - he gave them away to a private charity.
Soros used after-tax income to originally purchase those stocks or whatever he invested in. You only pay taxes when you cash out of that investment, AND only if the investment increases in value.
If those investments paid dividends, or interest, or rent to Soros when he owned them, then Soros paid taxes each year on that income.
If his children get paid for working for that charity, their income will be taxed.
If Soros set up a Trust Fund for his children, the Trust and/or his children would be taxed for any money that was distributed to them.
I have no idea what else the author, Stephen Moore, wanted to tax BEFORE Soros gave the money away.
Fixing this crime is not that complicated. Change the laws that allow the Soros criminals to get escape prosecution. Soros deserves a bullet to the head for the riots he has instigated and the people he is responsible for getting killed.