Yvon Chouinard, billionaire, founder of Patagonia, a $3B Company,
and avowed socialist, recently transferred control of his vast company
to a newly founded environmental organization of some sort.
Two things to keep in mind here: One, a great many wealthy people
don't like to publicly acknowledge that they are wealthy. Two, even
self-avowed socialists will do everything they can to avoid capital
gains, gift, and inheritance taxes. This billionaire claims that he
never intended to be come a billionaire or for Patagonia to become
a $3B company. He just feels that his creation's profits would be
better utilized if kept from the U.S. government, to Uncle Sam's
consternation.
Well, many Americans feel the same way about their earnings, many
of whom don't make nearly as much money as does Chouinard and
his company. But let them try to play keep away from our government's
coffers and see what happens. One rule for the Liberal Establishment
elite, vast wealth and all; another rule for the peasants.
Is it any wonder why I have taken up my pitchfork?
MEM
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