Page 9 of 12

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 10:29:57
by GHung
Cog wrote: ....... But Warren's convictions apparently only run as far as not to cut into his bottom line.......


Right. Seems you haven't been paying attention.

The Chronicle of Philanthropy calculated the giving since 2000 of the 10 richest people in America, and calculated their charity as a share of their total wealth.

Buffett topped the list, giving away more than $46 billion since 2000. That worked out to 71 percent of his $65.5 billion fortune.
https://www.cnbc.com/2017/09/21/warren- ... naire.html


Giving away 71% of his fortune is not cutting into his bottom line? You not very smart if that's your claim.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 10:37:37
by Cog
Not at all. You avoided the question of whether he deducts that from his taxes as a charitable contributions. I certainly do and I'm no billionaire.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 10:50:04
by GHung
Cog wrote:Not at all. You avoided the question of whether he deducts that from his taxes as a charitable contributions. I certainly do and I'm no billionaire.


I didn't avoid anything. I called you on your BS statement about bottom lines. So who's avoiding what? But let's compare Buffet to your Idol, the Donald:

http://fortune.com/2016/10/10/warren-bu ... xes-trump/

Kind of hard to do since only one has the balls to make his taxes public.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 10:56:01
by Cog
Buffet should be content with his charitable contributions, instead of trying to remake the tax code for other billionaires who might not share his desire to have their taxes raised. But like most quasi-socialists, higher taxes are always the solution to the ills of mankind.

A tax return is between you and the IRS. No one else is entitled to see it.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 12:59:24
by Outcast_Searcher
dohboi wrote:World's 26 richest own same as poorest half of humanity

https://phys.org/news/2019-01-world-ric ... oxfam.html

In the US, the wealthiest pay a huge proportion of the US income taxes. Something the left likes to ignore.

Source: IRS, various newspapers who report on IRS data, various political groups who comment on the IRS data, etc.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 13:06:53
by Outcast_Searcher
Cog wrote:Buffet should be content with his charitable contributions, instead of trying to remake the tax code for other billionaires who might not share his desire to have their taxes raised. But like most quasi-socialists, higher taxes are always the solution to the ills of mankind.

A tax return is between you and the IRS. No one else is entitled to see it.

I'lll agree about Buffett. It's easy to preach about how much tax others should pay when you have lawyers, accountants, etc. set things up so that despite being a billionaire roughly 100 times over, you pay almost no income taxes.

But if you want to be POTUS, it's traditional to show it. If you don't, MANY people will wonder what you're hiding. Him not showing his tax forms was one of many reasons I voted third party.

After all, I make an effort to pay my taxes properly. I'm happy to take any legal deductions, exemptions, credits,etc. But at the end of the day, I pay the balance in full -- and I don't like tax cheats of any kind.

Now, maybe at the end of the day, Trump is doing nothing wrong and his various tax audits will yield nothing. Maybe the reason he didn't want to show his taxes was something like little or no donations to charity. To me, once someone has paid their taxes in full, no one has the right to whine about anything legal they do with their money -- including spending it all on beer and legal hookers for themselves.

We simply don't know. But the fact that he didn't want to disclose certainly looks bad to many voters, and of course, Trump's detractors will complain about it. That's politics.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 13:45:46
by Newfie
Curious,

Did Buffet donate any of that money to fight climate change?

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 14:44:18
by Cid_Yama
It is as part of the Giving Pledge.

link

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 14:50:00
by Newfie
Well that’s pretty general. I know Gates supports work against malaria. Sounds like good work. Real feel good stuff. But in the face of extreme overshoot it’s probably not the most pressing item.

So are they directing money towards anything of real significanice? Of course that depends upon a persons individual values, so it’s difficult to answer. But if they are giving money to promote coal usage, well that’s surely not helpful.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 15:04:36
by Cid_Yama
Each gives to the causes they see as most needed from climate change to poverty to human rights, but it is all philanthropy, charities and foundations. Each provides a statement as to how they plan to give.

Example: Nat Simons and Laura Baxter-Simons

link

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 15:09:06
by GHung
Newfie wrote:Curious,

Did Buffet donate any of that money to fight climate change?


He's invested in a lot of 'renewable' energy including

Warren Buffett Buys World's Largest Solar Project from SunPower for $2.5 Billion
(in 2013)

Warren Buffett's MidAmerican utility, which is part of his holding company Berkshire Hathaway, has just announced that it's buying SunPower's Antelope Valley Solar Projects, located in California. The tag price is between 2 and 2.5 billion dollars! At a total of 579 megawatts, the Antelope Valley projects are the world's largest photovoltaic solar development, and SunPower will retain the 3-year contract to build it......
https://www.treehugger.com/renewable-en ... llion.html


Seems he feels renewables should be profitable on their own.

Largest Solar Plant On Planet Earth — Solar Star — Comes Online

I know, I know. All our heart goes out to distributed solar, but utility-scale solar installations in the United States are very much alive and kicking. In fact, of the 6 GW of new solar capacity added in the US during 2014, 63% of it came from utility-scale plants.

This included two mammoth projects — Topaz Solar and Desert Sunlight — 550 MW each, both developed by First Solar. However, both of these plants could not, as the phrase goes, “bask in the sunshine” even for a year (actually not even seven months).

The Solar Star solar power plant, with a total capacity of 579 MW, went fully online on June 19, 2015, as per the California Independent System Operator (CAISO). For now, it is the largest solar power plant in the world, with a lead of 29 MW over its closest competitors....

BHE Solar, a subsidiary of Berkshire Hathaway Energy (known as MidAmerican Energy Holdings Company until 2014, one of the investment arms of Warren Buffet) owns the projects. SunPower Corporation, which is the engineering, procurement, and construction contractor for Solar Star, will also cater to its operations and maintenance.

Our regular readers would be aware that BHE also owns the Topaz Solar plant.

The electricity produced by Solar Star is being purchased by the utility Southern California Edison under a long-term power purchase agreement (PPA). The specifics of the agreement haven’t been publicly disclosed. ...
https://cleantechnica.com/2015/06/26/la ... es-online/

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 15:39:07
by Cid_Yama
Before someone jumps on me about my giving.

In the 2016 elections, I funded Bernie Sanders run for President. Didn't expect him to get as far as he did, but I wanted to get his message out. If not for Wasserman-Schultz' rigging the Primary to ensure the nomination of Clinton, he would be President right now. I have also funded efforts to turn Texas blue, and Beto O'Rourke, who I saw as the best bet to merge Real Republicans and Progressives. Banana Republicans be damned.

Now, nearly all my giving goes towards ameliorating suffering caused by our economic system. Since it is already too late on climate change, I feel that is the best use for my money.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 16:19:15
by Newfie
Thanks Cid.

I don’t share all your views but respect your choices.

GHung

Investing and donating are two different things.

Where I was going was the title of this thread. If some billionaire are giving significant amount to combat climate change then good for them. And I may have to begrudging eat some crow here and there.

But if it’s “feeding the hungry” or the like I’m not so impressed.

I’m sure I’ll draw some sharp comments on that last one.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 17:36:33
by rockdoc123
But if it’s “feeding the hungry” or the like I’m not so impressed.


why not invest your charitable donations to places where you know they will have an impact?

There are a number of "feeding the hungry" charities that have low overhead with the vast majority of donations going to do what they said they would do (i.e. feed the hungry)

There are a lot of medical charities I still give money to but that piss me off because the vast majority of the donations they get go to overhead. Still there is money being put into medical research that can change outcomes, I've yet to find much in the way of medical charities that have low overhead.

I question if any money donated to climate change will have any impact for several reasons....the science is not all that well understood (just look at the uncertainties pointed to by IPCC AR5), the system is complex so anything you might try to change can have unintended consequences and unlike the medical industry research it is impossible to test anything.

Personally I prefer to put my money where there is a chance of some benefit.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 18:41:14
by Newfie
You missed my point entirely.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 18:47:50
by Cog
Cid_Yama wrote:Before someone jumps on me about my giving.

In the 2016 elections, I funded Bernie Sanders run for President. Didn't expect him to get as far as he did, but I wanted to get his message out. If not for Wasserman-Schultz' rigging the Primary to ensure the nomination of Clinton, he would be President right now. I have also funded efforts to turn Texas blue, and Beto O'Rourke, who I saw as the best bet to merge Real Republicans and Progressives. Banana Republicans be damned.

Now, nearly all my giving goes towards ameliorating suffering caused by our economic system. Since it is already too late on climate change, I feel that is the best use for my money.


Cid is obviously telling a joke here. He is no Republican and never has been. Beto is a fake Mexican that is now is a progressive liberal. His opponent was Ted Cruz, a constitutionalist. Ted Cruz is actually Hispanic. Beto is Irish. Beto has roundly rejected the Constitution and said it is irrelevant to today's problems.

Cid don't call yourself a Republican. You fool no one except maybe the dim-witted. You are a progressive socialist who would turn this country into Venezuela or worse.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 19:42:31
by GHung
Cog wrote: ......

Cid don't call yourself a Republican. You fool no one except maybe the dim-witted. You are a progressive socialist who would turn this country into Venezuela or worse.


Yes, Cid. Republicans are always right and that ain't you. If anybody knows a socialist when he sees one, it's Cog.

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 20:36:29
by Cog
Perhaps Cid should tell us all the Republicans he has ever voted for.

Since Eisenhower will do. LOL

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 21:04:15
by Cid_Yama
I have been an Eisenhower Republican, a Progressive Republican all my life. I know dipshits like Cog can never understand. My adherence to the actual teachings of Christ, I'm sure, is extremely inconvenient for those Banana Republicans that adhere to a Corporatist ideology and try to pass themselves off as Christians.

I see them as the minions of the antichrist, working against the true teachings of Christ. It has nothing to do with 'believing' in Christ, or 'believing' he is the son of God, or 'believing' he absolved their sins by dying on the cross. What a convenient interpretation for them. They can oppose the teachings of Christ all their lives, and still have a 'get out of Hell free' card.

No, it's about adhering to the teachings of Christ, regardless what you define yourself as being.

Politically, Christ was a Progressive, teaching about your responsibility for others, i.e. the Good Samaritan.

I would hope their cognitive dissonance were strong about this. But I know it's not. Rather they will see me as apostate.

I am also a reincarnationist.

As previously mentioned, preexistence is the doctrine of the soul/spirit not being created at birth; but rather having existed before birth in heaven and/or in past lives on Earth. All Bible verses referring to reincarnation assumes the reality of the preexistence of the soul. All Bible verses referring to preexistence of the soul implies the reality of reincarnation. Both concepts of reincarnation and preexistence are inseparable and both concepts were common knowledge in Jesus' day. The preexistence of the soul was an accepted teaching held by early Christians until it was officially condemned by the Church in 553 A.D. along with reincarnation and other teachings associated with the early Church Father Origen. But although the Church did its best to destroy all Christian writings and gospels mentioning preexistence and reincarnation, the Church could not destroy the references already in the Bible.

link

Re: Billionaires = Leading Cause of CC

Unread postPosted: Mon 21 Jan 2019, 21:24:40
by Cog
So what Republicans have you voted for since Eisenhower? You avoided that question completely as always. The deal is you are a democratic socialist. Your support of Bernie Sanders tells me all I need to know.

A reincarnationist as well. Oh my God. Not only do you not understand Christian doctrine of either the Protestant or Catholic variety, your attempt to palm yourself off as a Christian is comical. Might as well believe in magic crystals or pyramid power as to believe in reincarnation.