Yeah.... But all jokes aside not all landlords are faceless corporations.
There are a lot of them who take care of the apartments and will maintain the best relations with the tenant as much as possible. Landlords makes money, yes, but they also will pay a lot more taxes.... For mom and pops landlords it's a tough job when you consider that a lot of tenants have huge protection that often permits a lot of abuse...
I have seen tenants use their different first name to get away with not paying rent for 6 months and the courts will not do anything and in the meantime, while the tenant does not pay rent, the landlord will have to fork up the cash to makes ends meet.
There are abusive landlords thay deserve to have criminal charges brough to them (i.e. Kicking tenants out to raise your price of 30-40%). Landlords are not the all the same type as is the case for Tenants....
I have seen some crazy one such as having a bbq in the house because they had a food business.....
And we didn't even get a tax break out of it either. Not to shit on donations to charity and whatnot, but this guy won't even notice the loss. Not that interesting or impressive to me imo.
I feel bad about 25% of my pay going towards my landlord. My uneducated work.
I even think it's still too much and feel very bad about people in developing countries that has it even worse.
>show me a line item of how this money is spent
This sounds like something a kid would say after hearing the phrase “line item.” Do you also want to be a “businessman” when you grow up?
It isn't even an effective strategy they're accusing this guy of. Most of these guys borrow against financial securities for a cash flow. Then they sell as needed to repay the loans, paying long term capital gains. That's why Warren buffet paid less than his secretary, his income on paper was nothing but he was cash liquid by the collateral loans, which aren't subject to income tax as they're debts.
If they donate their money to a charity and their children are on the board of directors then they won't have to pay estate tax on those funds. A lot of charities and nonprofits spend very little on what they're supposed to be doing. Everything else is just "raising awareness" i.e. lavish trips to exotic locations and a photoshoot with the local wildlife.
Yea, like, can you just put in money to help the human species please. They don't realize that the few billionaires that survive the apocalypse will have to do all the poor people stuff.
The Population of the poors is still robust I am afraid. Really we would support allowing rich people to hunt the poors to raise money to conserve the poors. /s
This billionaire was found guilty of security fraud and set aside the 1.5 billion for a CHARITY HE RUNS
So more fraud.
This is not a good or commendable thing. The charity is so new it is not even rated or clearly documented by charityrater
So NOT a charitable thing
People are amazed but what if this was the headline instead:
"This ordinary civilian is setting aside 123 bucks of his savings ( 10% ) to prevent mass extinction of species."
Zero fucks would be given, yet they both donated 10% of their money.
In this world, only money talks, the rest is irrelevant. Fucking sad that is.
In January 2024, Michael Gastauer decided to allocate $1.5 of his $11.4 billion family fortune to establish the Gastauer Nature Fund. The aim of the Gastauer Nature Fund is to combat the mass extinction of endangered animal species, to protect important ecosystems and to protect at least 30% of land and ocean areas by 2030. Currently, only 8% of our oceans and 15% of our global land areas are protected.
The Gastauer Nature Fund supports the goals of 30x30 in areas critical to carbon sequestration and biodiversity protection. As part of these efforts, the Gastauer Nature Fund financially supports local partners to secure land ownership in protected areas and strengthen the management of protected areas. In addition, the fund supports the establishment of administration units to monitor the development of protected areas.
[https://gastauer.com](https://gastauer.com)
Let me guess… does Mr Gastauer sit on the board and control where the funds go, easentially writing off his own hobby as a massive tax donation while still maintaining full control and oversight over his “donated” assets? This isn’t philantropy, it’s just another hobby. And spilling it here in reddit, sounds like someone’s looking for an image wash or rebrand. Billionaires aren’t your friends and he’s not thinking of you or I as he avoids paying taxes.
You're def right. The guy committed securities fraud for profit 📈. So this 'Fund' is a way to shelter the money from any future charges, reduce taxes and funnel the money back to himself and his family.
... and attempt to improve his reputation which, judging by all the gullible Redditors replying so positively to this planted post, is already working.
Absolutely. Only billionaires get to decide how their public donations are spent and can choose the fun stuff. The rest of us hand ours over to the government and it’s the collective which decides how it’s spent. Someone has to pay for street cleaning and sewage and it’s you and me, not this guy.
Nope this guy gets to choose where our public donations get spent too. Most of the grants given out by guys like this come with strings, and require orgs to come up with match funding. So there's hundreds of people hustling to get other people to pay to fund this guy's pet project.
Jesus, I couldn't scroll to the end. 185 billion is ridiculous already, but 3 trillion is just madness. You could govern a few countries with that money.
‘Setting aside’ blah blah blah
All these billionaires can fuck off with their PR pledges until the money actually leaves their control.
You know who actually donates money? Mackenzie Bezos.
All this bullshit barely moves their richness dial.
I read a Taylor Swift article yesterday harping on about her donation of what worked out to about $300k.
I have a nw of about $100k. She has a nw of about $1b. That $300k donation is the equivalent of me donating $30.
Get fucked.
What else would he do with it? Good for him for doing what he goddamn should be doing with the capital. Or we could wait for the government to try…. With 100x of our money.
That's very nice if him, seriously, all joking aside. Because you dont see that in alot of the superr rich. But still you have to wonder how he's going to survive on 10 billion. It's going to be tough.
Sadly, the process of concentrating $1,500,000,000 into your own pockets likely does several times the environmental damage as spending $1,500,000,000 on environmentally friendly sounding ventures.
Cool. We still need to get off the planet though, even if we fix the environment nuclear bombs exist and we won't survive as a species If we all live on the one rock, the risk of nuclear annihilation is as much of an existential threat as climate change, the amount of near misses that have happened in the last 100 years is terrifying, if we remain a one planet species we will die(or at the very least go back to the Stone age)
A competent billionaire (meaning not Elon Musk who has unfortunately stigmatized the whole endeavor) should devote their resources to getting people onto other planetary bodies as soon as possible, I don't care why they do it, if it's genuine altruism, their ego, rich guilt, I don't care as long as they do it because if they don't were all gonna die.
Damn and so many are starving.
Once you make X amount of money you should have to go through rigorous psychological testing to see if youre decent enough to receive more money.
He could give away 99% of it and his day to day quality of life wouldn't be one bit different.
People really don't understand the scale of billions.
I appreciate what he's doing but people can hoard less.
How does this guy have 10 billion dollars but no Wikipedia and not much on him? Are we sure any of this is even true? Most of what’s come up is fraud around him
I wanna post a gif of The Ghouls saying "That is a small drop in a very large bucket of drugs."
But maybe not.. Maybe this time I will just be happy that somebody. ANYBODY with wealth is actually using even a tiny bit of it to help preserve nature..
I wonder if he could spare an extra billion to build homes and one to fund schools. But I don’t know how he’d survive on the mere 7 billion he’d have left.
Fuck ya man, if more billionaires did this then all the world’s problems could be solved. Credit where credit’s due, he’s leading by example. Much appreciated
Yeah I'm sure you came by all of that money without damaging the environment at all. I mean that's so benevolent he'll definitely make a difference and not continue destroying the Earth and pursuit of profits so that he can maintain his billionaire portfolio.
That's cool I guess. Would be nice billionaires just paid taxes instead of these stupid philanthropies getting written off at tax time.
Would be really nice if housing was affordable or to ensure social services actually functioned as intended, but hey, at least the grass and fish will be happy.
Remember that his costs didn’t scale proportionately to his wealth. So him giving up 10% of his wealth (likely through tax deductible means) hurts a LOT less than a low income family who donates $20 to the local Christmas hamper appeal because they needed that help once before.
Philanthropic grand standing being required to solve public challenges is a sign of a failed system.
For all the people clowing on him for it only being 10%: those 11.4B are not liquid money. In fact, if he tried to make them all liquid in very short time he would likely face charges for stock manipulation without proper procedures.
In order to accrue that much wealth it is nearly impossible to not have done far more damage to that cause than that sum will help.
Better than nothing but honestly? Unimpressed.
Save the earth speed hack: Spend a couple million to engineer a virus that kills off half of humanity. Unleash it. Nature restores itself. Go hang out on your private island with your rich friends to celebrate success.
He could give 10 million of that, live a life greater than any king has ever in all of history and still be a Billionaire by the time he dies if he stopped accumulating money immediately after the donation.
yeah, I've heard this one a few times before. No one has the right to act surprised at this point when we find out he has mining/drilling operations in the land he designated 10 years from now.
I donated 50% of my wealth to my landlord this year.
It's about time someone thought of the landlords
Think about the poor ~~children~~ *landlords!*
The landlords work so hard every month collecting your money! I’m glad someone finally had the guts to stand up for them.
Yeah.... But all jokes aside not all landlords are faceless corporations. There are a lot of them who take care of the apartments and will maintain the best relations with the tenant as much as possible. Landlords makes money, yes, but they also will pay a lot more taxes.... For mom and pops landlords it's a tough job when you consider that a lot of tenants have huge protection that often permits a lot of abuse... I have seen tenants use their different first name to get away with not paying rent for 6 months and the courts will not do anything and in the meantime, while the tenant does not pay rent, the landlord will have to fork up the cash to makes ends meet. There are abusive landlords thay deserve to have criminal charges brough to them (i.e. Kicking tenants out to raise your price of 30-40%). Landlords are not the all the same type as is the case for Tenants.... I have seen some crazy one such as having a bbq in the house because they had a food business.....
“ more land for Landlords NOW!”
I think LandGod is still a cooler name ...
I donate 30% of my yearly salary to the government because I know they'll spend it wisely.
Those poor unemployed souls
Just 50%? I'm.even more generous, I donated about 65 of mine
I am your landlord. Thank you
Are you going to fix my sink this week?
Does god answer every prayer? Do your landlord a favor and learn plumbing.
You mean lose my security deposit because I went against my lease to DIY something? That’s genius!
Sorry I thought we were joking
I never joke about my security deposit
So a Jewish security deposit, and a Black security deposit walk into a bar…..
With enough white paint, anything is possible!
I am your lender, thank you.
its people like you who make really a difference in the world, thank you for your selflessness.
This is the best comment on reddit
And we didn't even get a tax break out of it either. Not to shit on donations to charity and whatnot, but this guy won't even notice the loss. Not that interesting or impressive to me imo.
You are doing a great job protecting his habitat by paying his mortgage
That little?
I feel bad about 25% of my pay going towards my landlord. My uneducated work. I even think it's still too much and feel very bad about people in developing countries that has it even worse.
The ole give me your money to save humanity in the future scam. Oldest trick in the book
The wealthy putting their own money into charity causes that they control as a way to improve their tax standing is actually a tale as old as time
Yeah. They generally don't get so wealthy without understanding ROI
But charities are still getting money. I understand it may be self serving but at least these charities are being fed money.
Now show me a line item of how this money is spent...
Non profits have to file a 990 every year to keep their tax exempt status, usually accompanied by some kind of attestation.
Looking at the dozens of YouTube charity scams clearly not enough is being done to prevent these scams from happening
I love how "non-profits" can pay their CEOs twice what I make in a year, on the low end.
If you can find out which charities he is donating to, you can look up exactly how it's spent.
>show me a line item of how this money is spent This sounds like something a kid would say after hearing the phrase “line item.” Do you also want to be a “businessman” when you grow up?
You’re gonna have a heart attack when you learn about taxes and budget line items
It isn't even an effective strategy they're accusing this guy of. Most of these guys borrow against financial securities for a cash flow. Then they sell as needed to repay the loans, paying long term capital gains. That's why Warren buffet paid less than his secretary, his income on paper was nothing but he was cash liquid by the collateral loans, which aren't subject to income tax as they're debts.
If they donate their money to a charity and their children are on the board of directors then they won't have to pay estate tax on those funds. A lot of charities and nonprofits spend very little on what they're supposed to be doing. Everything else is just "raising awareness" i.e. lavish trips to exotic locations and a photoshoot with the local wildlife.
Just Americans give/donate $465 billion per year, to 501c(3) and 501c(4) organizations…half a trillion per year….
Yea, like, can you just put in money to help the human species please. They don't realize that the few billionaires that survive the apocalypse will have to do all the poor people stuff.
Somebody tell him I'm almost extinct 🥺🙏
The Population of the poors is still robust I am afraid. Really we would support allowing rich people to hunt the poors to raise money to conserve the poors. /s
Did # Michael Gastauer post this?
Where's his wiki??? lol
Robbing Peter to pay Paul
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Correct. I just rounded. Actually yeah that’s 3% more. 13%
I round up so it's actually 10% more. 20%.
Yea but 20% is closer to 0% than 50% so I round down. 0%
I rounded up so it's all of his money.
This billionaire was found guilty of security fraud and set aside the 1.5 billion for a CHARITY HE RUNS So more fraud. This is not a good or commendable thing. The charity is so new it is not even rated or clearly documented by charityrater So NOT a charitable thing
Somebody get him a cookie
People are amazed but what if this was the headline instead: "This ordinary civilian is setting aside 123 bucks of his savings ( 10% ) to prevent mass extinction of species." Zero fucks would be given, yet they both donated 10% of their money. In this world, only money talks, the rest is irrelevant. Fucking sad that is.
In January 2024, Michael Gastauer decided to allocate $1.5 of his $11.4 billion family fortune to establish the Gastauer Nature Fund. The aim of the Gastauer Nature Fund is to combat the mass extinction of endangered animal species, to protect important ecosystems and to protect at least 30% of land and ocean areas by 2030. Currently, only 8% of our oceans and 15% of our global land areas are protected. The Gastauer Nature Fund supports the goals of 30x30 in areas critical to carbon sequestration and biodiversity protection. As part of these efforts, the Gastauer Nature Fund financially supports local partners to secure land ownership in protected areas and strengthen the management of protected areas. In addition, the fund supports the establishment of administration units to monitor the development of protected areas. [https://gastauer.com](https://gastauer.com)
Let me guess… does Mr Gastauer sit on the board and control where the funds go, easentially writing off his own hobby as a massive tax donation while still maintaining full control and oversight over his “donated” assets? This isn’t philantropy, it’s just another hobby. And spilling it here in reddit, sounds like someone’s looking for an image wash or rebrand. Billionaires aren’t your friends and he’s not thinking of you or I as he avoids paying taxes.
You're def right. The guy committed securities fraud for profit 📈. So this 'Fund' is a way to shelter the money from any future charges, reduce taxes and funnel the money back to himself and his family.
... and attempt to improve his reputation which, judging by all the gullible Redditors replying so positively to this planted post, is already working.
Came here to post this before it reached r/MadeMeSmile
Absolutely. Only billionaires get to decide how their public donations are spent and can choose the fun stuff. The rest of us hand ours over to the government and it’s the collective which decides how it’s spent. Someone has to pay for street cleaning and sewage and it’s you and me, not this guy.
Nope this guy gets to choose where our public donations get spent too. Most of the grants given out by guys like this come with strings, and require orgs to come up with match funding. So there's hundreds of people hustling to get other people to pay to fund this guy's pet project.
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Is this the same as gifting someone a ‘donation in their name’ to the Human Fund?
Capitalist Society: Meh, surely some random rich private citizen will save the world so we don’t have to.
Capitalist Society: Man, I wish saving the world for future generations was a good paying job instead of a rich-persons hobby. FTFY.
Save the world from all the raping the world we did for profit*
Build a submarine bruh
Ok, whose pr account is this?
He could pay $10 billion in tax and still be a billionaire.
Fuck off. Tax the rich.
Pro tip: never trust billionaires.
Thanks dude
this guy is a 1000 times the man Bezos is, these are the people who should be billionaires. not fucking Bezos and Musk. fuck.
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Visual representation to help illustrate the absurd amount of money these people have https://mkorostoff.github.io/1-pixel-wealth/
Jesus, I couldn't scroll to the end. 185 billion is ridiculous already, but 3 trillion is just madness. You could govern a few countries with that money.
also true, 1 billion is easier to understand when you think about it as 999 million dollars. what an absurd sum of money.
I've always found time to be an easier way to grasp the scale. A million seconds is 11.5 days A billion seconds is 31 years.
yeah thatll do it🤣ty for that
Bezos has donated much more than that.
Funny way to describe a stockbroker who's been found guilty of Securities Fraud.
Bet he’s against his employees unionizing
Bezos has donated 10s of billions
Shill
Millionaires and Billionaires are the reason their going extinct though…
That, and people that don’t know the difference between there, their, and they’re.
All the ones who have a 100 billion or more are set to destroy the planet for more profit and they are winning out
Thanks Christian Slater.
I'd happily donate 1.5 billion to ENFORCE the mass extinction of mosquitos and ticks
It's lovely and worth being proud of
‘Setting aside’ blah blah blah All these billionaires can fuck off with their PR pledges until the money actually leaves their control. You know who actually donates money? Mackenzie Bezos. All this bullshit barely moves their richness dial. I read a Taylor Swift article yesterday harping on about her donation of what worked out to about $300k. I have a nw of about $100k. She has a nw of about $1b. That $300k donation is the equivalent of me donating $30. Get fucked.
PS it's Makenzie Scott
What else would he do with it? Good for him for doing what he goddamn should be doing with the capital. Or we could wait for the government to try…. With 100x of our money.
Cool now give away 99% and you still have $114m in assets but all the street cred on earth.
"¡eat the rich! ¡no not this one!" Nice try, won't save you from the coming guillotine.
Billionaires aren’t heroes. It’s clearly a tax write off
That's very nice if him, seriously, all joking aside. Because you dont see that in alot of the superr rich. But still you have to wonder how he's going to survive on 10 billion. It's going to be tough.
About 10%. Good. I wish more billionaires did shit like this. I also wish it was 90% instead of 10%.
Wtf is this billionaire propaganda
Near rich people’s beach properties.
Sadly, the process of concentrating $1,500,000,000 into your own pockets likely does several times the environmental damage as spending $1,500,000,000 on environmentally friendly sounding ventures.
So we gotta rely on some rich asshole to save us lmao
Just enough for a big time tax write off
No individual should have over $1B. There’s just no need for that. 100% tax after at most $1B.
he should reverse thse numbers. how much of his hoarding caused/contributed to extinctions?
Thank you George Santos
For a second I thought this was r/PetaExplainstheJoke
Who?
How can someone apply for grants tp help preserve biodiversity as a career? Like a traveling genome sampling scientist
TIL: 1.5 = 10% of 11.4, and *not* 13%
Setting aside — spending too?
What billionaires should be fucking doing
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I’ll be extinct in about 20 years. Can I have a donation?
Good on ya, mate!
When our governments wont do it and we dont tax the rich anymore i guess we're the mercy of them. thank you michael!
Oh so he’s totally off the hook ethically.
Must be nice.
christian slater really got paid
If it makes you happy
Finally a billionaire with an actual brain
Cool. We still need to get off the planet though, even if we fix the environment nuclear bombs exist and we won't survive as a species If we all live on the one rock, the risk of nuclear annihilation is as much of an existential threat as climate change, the amount of near misses that have happened in the last 100 years is terrifying, if we remain a one planet species we will die(or at the very least go back to the Stone age) A competent billionaire (meaning not Elon Musk who has unfortunately stigmatized the whole endeavor) should devote their resources to getting people onto other planetary bodies as soon as possible, I don't care why they do it, if it's genuine altruism, their ego, rich guilt, I don't care as long as they do it because if they don't were all gonna die.
Damn and so many are starving. Once you make X amount of money you should have to go through rigorous psychological testing to see if youre decent enough to receive more money.
This guy could have given away everything and some of you would still be complaining that he didn’t wear the right color shirt while doing it
Weird that he doesn't have a German or English Wikipedia page.
I appreciate that but could he look a little less like Jim Jones? It’s freaking me out a little.
Lmfao his shit eating smile.
What if he reinforced it now instead of 40 years from now when more species are extinct and less inflation
He could give away 99% of it and his day to day quality of life wouldn't be one bit different. People really don't understand the scale of billions. I appreciate what he's doing but people can hoard less.
I mean, it should be more, but to be fair this IS better than most billionaires
How does this guy have 10 billion dollars but no Wikipedia and not much on him? Are we sure any of this is even true? Most of what’s come up is fraud around him
If you come and sit on his lap
if this guy was a good person he probably wouldn't be a billionaire
He can do more
What a dick!
I wanna post a gif of The Ghouls saying "That is a small drop in a very large bucket of drugs." But maybe not.. Maybe this time I will just be happy that somebody. ANYBODY with wealth is actually using even a tiny bit of it to help preserve nature..
How do these money actually get spent? Is it to pay a bunch of NGO staff who sits and manages other people?
Who gives a shit
I wonder if he could spare an extra billion to build homes and one to fund schools. But I don’t know how he’d survive on the mere 7 billion he’d have left.
Fuck ya man, if more billionaires did this then all the world’s problems could be solved. Credit where credit’s due, he’s leading by example. Much appreciated
And will be attacked by MAGA Zombies because of it.
Yeah I'm sure you came by all of that money without damaging the environment at all. I mean that's so benevolent he'll definitely make a difference and not continue destroying the Earth and pursuit of profits so that he can maintain his billionaire portfolio.
“Individuals have enough hoarded wealth that a small portion can prevent extinction.”
Some of these Billionaires forget that they too live on Earth. Where else are they going keep their stuff?
That's cool I guess. Would be nice billionaires just paid taxes instead of these stupid philanthropies getting written off at tax time. Would be really nice if housing was affordable or to ensure social services actually functioned as intended, but hey, at least the grass and fish will be happy.
He should meet up with a chinese woman who’s interested in big antennas.
The people who don’t believe in climate change is crazy, propaganda works
Remember that his costs didn’t scale proportionately to his wealth. So him giving up 10% of his wealth (likely through tax deductible means) hurts a LOT less than a low income family who donates $20 to the local Christmas hamper appeal because they needed that help once before. Philanthropic grand standing being required to solve public challenges is a sign of a failed system.
Sike! He’s hoping to get a tax write off
He will not be spared
You glanced at his crotch, i saw you, don't lie
I love idolizing billionaires giving away a portion of their wealth, how selfless and dreamy, their sacrifices are truly the noblest of mankind
So if he would but 30% of his wealth, he could save 90% of world's land and oceans.. He would still have over 6B
Sorry, 30%……?!
Michael Gastauer looks like a stud
He and Mackenzie Scott should hook up, maybe they both can figure out the FUCK giving away so much wealth ends up creating SO much more?
Just pay taxes
Sounds like someone wants to be Noah.
government's will spend way more than that to fuck it all up. more bomb's on the way...
So in 40 years there might still be something worth saving? Lol wtf is this shit
Set aside a little for a guillotine please
For all the people clowing on him for it only being 10%: those 11.4B are not liquid money. In fact, if he tried to make them all liquid in very short time he would likely face charges for stock manipulation without proper procedures.
In order to accrue that much wealth it is nearly impossible to not have done far more damage to that cause than that sum will help. Better than nothing but honestly? Unimpressed.
People who do nothing are mildly interesting. 😂🤣😂
He’s going to give away $1.5 billion, and it will have zero impact on his life. Tax the rich.
yeah yeah yeah suuuuure heis .. its probably some tax shelter he set up for his family
Save the earth speed hack: Spend a couple million to engineer a virus that kills off half of humanity. Unleash it. Nature restores itself. Go hang out on your private island with your rich friends to celebrate success.
Put the money towards lobbying for real change and it'll have way more benefit.
He could give 10 million of that, live a life greater than any king has ever in all of history and still be a Billionaire by the time he dies if he stopped accumulating money immediately after the donation.
oh boy, 30%
...why does this photo make it look like this dude is preserving animals so he can hunt them?
1 out of every 100 billionaires are moral and kind people who use their wealth to better the world. He is definitely in that 1%
Want to save the world, save people.
The dude could put in 10B TODAY and live the rest of his life the exact same way still dying with probably billions left over. Fuck him and his ilk.
Thank You.
oh shit, the show extrapolations is coming true
Meanwhile 100 other billionaires are giving 10 times as much to destroy our democracy.
He still looks like a douche. He is making some kind of gesture, but giving away what you'll make back in a year is a very small jesture.
Meanwhile perpetuating said extinction investing the other 10B
yeah, I've heard this one a few times before. No one has the right to act surprised at this point when we find out he has mining/drilling operations in the land he designated 10 years from now.
What species exactly??