If you were worth 1 billion dollars would you donate most of it to charities?
What else would you do with one Billion dollars?
you cant live in two houses at the same time.
If you had property in the best cities of the world, you would have to spend a lot of money on maintenance especially if you dont live there every day.
You would have to fly there in your own private jet.
You must pay the pilot, fuel, air stewards, property and income taxes, investment consultants, etc.
Compare the living expenses to what you'll spend if you lived an ordinary life.
So what else would you do with most of the money?
Charity of course!
Good Day Jangaplanet
If I were worth a billion dollars I would start by ACTUALLY paying my fair share of taxes. As you know, rich people have all kinds of ways to dodge taxes, using offshore tax havens, bringing the money back into the country through convoluted means which actually disguises the money as untaxable "loans." One such operation pioneered in the 1970s in the United States was something called the "Dutch Sandwich."
Multimillionaire movie actos (and I suppose television actors as well) and big name musicians do this. I mention this because I think that one reason some celebrities do so much charity work is guilt over not paying their taxes, ironically enough.
But they probably tell themselves that they have to dodge their taxes because they can "do so much more" by holding onto their money. In time they may grow to be hostile to the government, becoming economically libertarian or downright reactionary.
Have you ever noticed that when someone owes you money and he can't pay it back (or doesn't want to pay it back), actually beomes hostile toward you (the one he owes)?
Anyway, I would start by paying my taxes to the federal, state, and local government -- which has more impact on more people, more deeply than giving to "charity." Government can do things that private individuals or foundations or charities simply cannot do.
Take it easy.
not a chance. i would use it to help others for sure but giving it to charities means too much of it goes to places or things i may not feel are useful.
NO.. A big No... I don't think that I’m too good to do such thing.. But a small part of cause, Yes. I'll try giving it out for some good deeds. But i'll make sure it will go to people who is in real need.
Yes,among other things,and I would also give a portion to pay someone to make sure of the ones getting the money is doing the right thing with it.
Being worth a certain amount of money isn't the same thing as having it to spend.
yes i do...I believe that you will be happier when you share...
Never had a billion, but inherited a few millions and gave them away to charity....what was I thinking ??
I think NateSean hits the nail right on the head with that answer. Although I like nightwork4's answer as well. Also, contrary to popular belief billionaires pay more in taxes in just a few years than most of us make in a lifetime.
yes,I donate most of it to charities,
If you want to donate charity shoes in chicago,
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