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Yes, because he is not really giving anything away. The guy spelled it out clearly in the vid. He is shuffling money to avoid taxes like other billionaires do.So if he decides to give all profits to non-profit entities instead of a portion to the tax man, is it still a a-hole corporate move?
Just cause someone makes a YouTube video doesn’t make it true. The donation cost the family $17.5 million cause it was donated to a trust. Here’s a New York Times article about it. Similar info on WSJ too.Yes, because he is not really giving anything away. The guy spelled it out clearly in the vid. He is shuffling money to avoid taxes like other billionaires do.
The company is only worth $3 billion if they sold it. And the daughter and son don’t pay inheritance taxes because they didn’t inherit the company.You do realize that 17 million is only a little over a half a percent of Patagonias net worth of 3 billion. So ya...basically they paid no taxes.
Just because the NYT and WSJ write about something does not mean what they write is without bias. NYT is paywalled, but from their title, they show their bias, and just that title is misleading and false.Just cause someone makes a YouTube video doesn’t make it true. The donation cost the family $17.5 million cause it was donated to a trust. Here’s a New York Times article about it. Similar info on WSJ too.
Billionaire No More: Patagonia Founder Gives Away the Company (Published 2022)
Yvon Chouinard has forfeited ownership of the company he founded 49 years ago. The profits will now be used to fight climate change.www.nytimes.com
Dude, they are avoiding a $700 million tax bill.Just cause someone makes a YouTube video doesn’t make it true. The donation cost the family $17.5 million cause it was donated to a trust. Here’s a New York Times article about it. Similar info on WSJ too.
Billionaire No More: Patagonia Founder Gives Away the Company (Published 2022)
Yvon Chouinard has forfeited ownership of the company he founded 49 years ago. The profits will now be used to fight climate change.www.nytimes.com
How do you know?Rich Americans are not big charitable givers generally speaking.
I have a friend who works for a non-profit that’s dedicated to the removal of invasive species in Van Cortland Park in the Bronx. He said every quarter Patagonia sends them a pallet full of clothes and outerwear and the employees get to take whatever they want. I’m sure it’s a tax write off but so what?Patagonia sells wholesale to the special operations community.
Let that sink in.
That being said- I like their stuff.
I read books with no pictures?How do you know?
it’s that Patagonia makes an entire brand on holier than thou stuff and then turns around and sells to the department of defense.I have a friend who works for a non-profit that’s dedicated to the removal of invasive species in Van Cortland Park in the Bronx. He said every quarter Patagonia sends them a pallet full of clothes and outerwear and the employees get to take whatever they want. I’m sure it’s a tax write off but so what?