Forbes’ Randall Lane discusses the magazine’s new 400 list of America’s wealthiest people. Hugh Evans and Chris Stadler of Global Citizen also join the discussion. Aired on 10/26/2020.
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Forbes, Global Citizen Create New Philanthropy Score | Morning Joe | MSNBC
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Help from the wealthy in times such as now but we just need to Tax their incomes and not give them so so many loopholes in which trump took advantages to pay $750 in federal income taxes. It never occurred to me as I pay my taxes that the ones with the most gets away with benefits and accommodations unavailable to me!!
Just Unbelievable!!
Vote.KAMELA.for.first.Afro-Indian.WOMEN.vice.PRESIDENT
Vote.KAMELA.for.first.Afro-Indian.WOMEN.vice.PRESIDENT
vote.KAMELA.for.first.afro-indian.WOMEN.vice.PRESIDENT
And you also have to look at how billionaires such as the Sackler’s use their money by making charitable donations to buy them the good paver to get out of things like killing however many Americans they have with opiates and lying to the American people and the doctors about how addictive it was
Well america sucks. They still could burn billions. Great Americans all. Lets see how russia treats their wealth when america fall’s.
You have a serious education crisis in the US as it has to be gross ignorance that produces a Trump supporter.
trump’s reign of terror. Genocide with Covid-19 not enough for hideous beast trump. Now announcing they will only do “big business” interventions for Covid-19= vaccine, treatments, and mitigations. These high profit moves paid for by borrowing by the federal government in place of any effort to stop Covid-19 as so many real countries have done. “Poverty exists not because we cannot feed poor but because we cannot satisfy the rich.” If people can’t have electricity in parts of California because of insanely high fire risk, isn’t that a lot like people can’t live in those parts of California? Climate Change.
How’s this for philanthropy?
In April 2018, a federal judge finalized the $25 million settlement between Trump and students of his now defunct fake Trump University with New York’s attorney general claiming “victims of Donald Trump’s fraudulent university will finally receive the relief they deserve.”
The order from a U.S. District Judge came a year after he first approved the settlement. It marks the end of two class-action lawsuits and a civil lawsuit from NY accusing Trump of “swindling thousands of Americans out of millions of dollars through Trump University,” in the words of NY Attorney General Eric Schneiderman.
“This settlement marked a stunning reversal by President Trump, who for years refused to compensate the victims of his sham university,” Schneiderman said in a statement.
Trump University was not an actual university but a for-profit seminar scam, and former students waged a years-long battle claiming the course misled them with claims of teaching real estate success. The program ended in 2010. Some elderly plaintiffs who paid $20,000-plus in tuition died waiting to receive their checks from the settlement.
November of last year, Trump was ordered by a judge to pay $2 million in damages for illegally using funds intended for charity to boost his 2016 presidential election campaign.
Trump had to admit to personally misusing charity money, according to the New York’s attorney general office, despite having previously denied any wrongdoing. The fine adds to several other investigations into allegations that he is using public office for self-enrichment.
The lawsuit last year states that Trump, and his three money grubbing useless children – Don Jr, Ivanka and Eric – broke campaign finance laws in 2016 by using Trump Foundation’s tax-exempt status “as little more than a checkbook to serve Trump’s business and political interests.
Trump and his talentless children had violated their fiduciary duties as officers and directors of the now-shuttered Trump Foundation. As a result of that failure, charitable dollars — consistently and over many years — often benefited Trump rather than the causes he repeatedly claimed he supports.
There was “a shocking pattern of illegality involving the Trump Foundation – including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more,” the suit claimed.
In the agreements, Trump admitted to misusing funds from the foundation, which he dissolved last year, including to pay for a portrait himself that cost $10,000. He also agreed to pay back $11,525 he spent on sports memorabilia and champagne at a charity gala.
Trump also directed the foundation to use money for charity to buy a Tim Tebow helmet for himself, and to settle a couple of lawsuits.
Trump also admitted in the agreements to directing that $100,000 in foundation money be used to settle legal claims over an 80-foot flagpole he had built at his Mar-a-Lago resort, instead of paying the expense out of his own pocket..
The biggest donation that Trump’s fake foundation ever gave appears to have been to contribute $264,632 to fixing a fountain outside of the Plaza Hotel, which he owned at the time. “It shows you what this “foundation” was all about. Which was basically all about advancing Trump’s interests,” said Brian Galle, a professor of tax law at Georgetown University.
In addition, the charity foundation paid $158,000 to resolve a lawsuit over a prize for a hole-in-one contest at a Trump-owned golf course, and $5,000 for ads promoting Trump’s hotels in the programs for charitable events. Trump admitted these transactions were also improper.
“Billionaires” are those who have gained from the labor of others, typically because they keep a portion of the wealth generated by others. “Passive Income” is theft; if you didn’t work to get it and someone else did, what else should we call this? Nobody should expect those who abuse their advantageous position at the expense of others to behave as philanthropists unless it’s part of a public relations stunt.
in Japan and they are literally confused why the USA is still having this conversation. No one has to mandate anything, people just wear a mask, it’s called community cooperation.
And this people making 700 plus billions can’t pay their employees over 7.25 dollar a hour because they will go broke and close businesses, who in their right mind believe that.
The Republicans and Trump are so nasty and don’t care about anybody but themselves! That’s why young people don’t like them.
Orwellian social credit score mega thumbs down
IF YOU BELIEVE BIDEN’S…..”I AM GOING TO CUT SOCIAL SECURITY AND MEDICARE” REMARKS WILL SATISFY SENIORS IN FLORIDA, YOU ARE AN IMBECILE.
Don’t feed the trolls. They’re all very hungry lately.
IF YOU BELIEVE BIDEN’S….”WE ARE GOING TO GET RID OF FOSSIL FUELS” REMARKS WILL BE WELCOMED BY UNION DEMOCRATS IN OIL AND GAS PRODUCING SWING STATES, YOU ARE AN IMBECILE.
Go Biden Gooooooo! Go Biden Goooo, much prayer thanks!
Let’s talk about what Moscow Mitch McConnell has done to smaller business owner’s that can’t come back because Trump and the Republican party wiped them Out.
Let’s talk about what Moscow Mitch McConnell and the GOP are really doing.
It’s downsizing our economy by eliminating poor people. Covid kill’s, poverty kill’s, make their kid’s go back to schools that are killing with covid it’s a plan by Evil people and America is lost.
Trump = jobs. Biden = mobs.
the funny thing too me is after trump lost the election by 3 million votes in 2016 .and has done a super bad job why anyone would think he has a shot at winning. putin blitzed 4 states with over 50 million fake news and emails to data mined people he found out about from the traitor steve bannon. who has made a ton of money doing the same for dictators world wide for a while now. thats over in our nation now. not because of any steps taken by fed law .but because of trump being allowed at all . in simple words no one with a brain believes social media now. sure the normals wish the nuts would fall off the edge of the earth .but really the earth is not flat. whats going to happen is a trump blow out. because trump is a fluke. and wont be repeated .its just too crazy for the most of us.
Why hope that billionaires give back a portion of their vast wealth to help those in need.
That is like hoping that people will not speed and put lives at risk.
Perhaps better to enforce taxes that distribute a portion of the wealth back to society to make a better place for all to live including the billionaires.
Yes I live in Canada and have happily paid taxes at a far higher rate than Americans and I enjoy a far better quality of life.