| ▲ | bluGill 2 hours ago | |||||||
Though unlikely the case here, family foundations should always be looked at as a likely source of corruption. You cannot bribe me directly - that would be caught. However you can donate money to my family foundation and my kids (or spouse) will draw a large salary from it while doing almost nothing and they do some good for the world so it looks like a charity. Of course the kids/spouse will support me in various ways that all rich kids will. Again, probably not what is happening here, but every time you hear of a family foundation you should ask who they are using it to corruption in some form. Even when it doesn't seem to be you should still look. | ||||||||
| ▲ | aetherson an hour ago | parent [-] | |||||||
Even very large salaries are probably not a very significant amount of wealth for these people. I think this is a case where "all large numbers look the same." If Warren just directly gave his money to his three children equally, and paid 40% inheritance tax on that money, and then the children each just used 1% of that wealth per year, then they'd each get: 144000000000 * 0.6 / 3 / 100 = $288 million each year. No foundation pays its CEO 10% of that much money. I think we may have to accept that in fact this is a way to give money to charitable causes, not just horde it. | ||||||||
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