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Lag-wagon ago

Why do all rich people have a foundation?

lynn1314 ago

To launder money. They use the non-profit to avoid paying taxes then pay themselves a salary from the foundation.

If you're buying and selling human beings say, $100,000 for 100 kids an example, but it's tough just to stick it in the bank, so you create a foundation where it becomes a "donation" so the government doesn't bother you.

That or you buy and sell Marina Abramovic "art."