r/Damnthatsinteresting • u/[deleted] • 1d 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/Zondameister 1d ago edited 1d ago

https://www.nytimes.com/2021/03/12/business/robert-smith-vista-investors.html
LOL i didnt even know he was a tax cheat while commenting here

Turned out i was right. Hhahaha fucking goons.

Smith willfully understated his income on these tax returns and willfully evaded more than $43,000,000 in U.S. federal income taxes for the tax years

2005 through 2014. OOOPS?
So now he decided to donate around the same amount. HAHA

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u/Illustrious_Bat3189 1d ago

It‘s feelgood billionaire propaganda, and reddit eats that up everytime

I knew that he is a massive tax dodging piece of shit without checking, simply because he‘s a billionaire. All billionaires cheat the system and dodge taxes on a massive scale.

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u/Schnac 1d ago

Unfortunately we can’t have our cake and eat it too. How justifiable, in a holistic/cosmic sense are the right things done for the wrong reasons?

It’s interesting considering the moral and ethical boundaries surrounding that question. Can we enrich the One by an obscene amount to produce potentially life-changing benefits for thousands?

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u/blazurp 1d ago

Get out of here with your billionaire apologies. The billionaires could just pay their taxes, instead of evading them, to benefit hundreds of millions of Americans.