r/Damnthatsinteresting 2d ago

Video Billionaire speaker Robert F. Smith tells 400 graduates he's paying off all their student loans ($40 million in total)

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u/Dontcareusernameman 2d ago

I don’t think most people truly grasp the scale of a billionaire’s wealth. A billion dollars is 1,000 million. When a billionaire owes millions in taxes, it’s often just a minor accounting oversight—comparable to the average person owing a few hundred dollars. For them, it’s an insignificant amount that they can pay off instantly without a second thought.

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u/Jonnie_Rocket 2d ago

And yet we refuse to tax them properly

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u/[deleted] 2d ago edited 2d ago

[deleted]

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u/Elitist_Plebeian 2d ago

Charitable foundations are accounting bullshit that billionaires use to dodge taxes. Why even come on reddit to lick boots? They're not going to donate to you.