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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by Johnny555 on Tuesday June 14, 2022 @04:01PM (#31745266)
A wealth tax wouldn't prevent the Gates Foundation from existing, it would encourage it -- instead of keeping personal wealth that's going to be taxed, the would-be billionaire can set up a charitable foundation like the Gates Foundation to spend the money.

Since the charity is run by a board and bound to abide by its charter, it's not the same thing as the person controlling the wealth himself. The Gates Foundation is not going to buy Bill Gates a private island with a $100M super yacht to get there.

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Re:Coinbase lays off around 1,100 employees by thrwy_meta on Tuesday June 14, 2022 @09:06PM (#31747981)
>>>Since the charity is run by a board and bound to abide by its charter, it's not the same thing as the person controlling the wealth himself

I would expect this to be a "distinction without a difference" if the billionaire is careful/competent about how he staffs the board and how he writes the charter.

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