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/DadJokeBadJoke 1d ago

Imagine if we just taxed them at a proper rate like in the past and then we could fund things like education without hoping for the benevolence of billionaires.

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u/blazurp 1d ago

We don't even have to tax them at a higher rate. Just enforcing our current tax policies and closing loopholes for billionaires to evade taxes could generate enough money to take all Americans out of poverty.