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Comments
''Lies'' other than the claim to be part native American what lies has she told ?
Yes, Trump has literally told thousands of public lies since being elected. There is an actual count that was north of 6000 the last I saw.
Like him or not, Trump is a pathological liar.
Let's keep it to the original topic.....
hey @WCDawg
brokeahontas is my new name for Trump after those tax returns came back
See my post above......
Oh, sorry I missed that Kasey. I recall reading that now.
Now that we got that squared away...
this is a good story I hope to see replicated
And Fox News probably had an Obama lie counter as well.
And if she was president there would be a “lie count” for her as well.
and on and on and on......
Every aspect of today’s “truth” is partisan. Either way.
Excellent and really cool.
Why is it wasted?
I hope the young men who were blessed to receive this gift do their part and are as charitable giving back to the school as he was giving to them. Good to see a man as financially secure as Mr. Smith put his money where his mouth is in the service of others.
DGDinNYC. I doubt any of this year's grads will be billionaires, but they should do what they can within reason.
Here is Forbes coverage of the gifting:
The article says this about how it will be done, "When Smith told the class about the gift, he stated that "my family is making a grant to eliminate their student loans." In other words, it sounds as though the funds are payable as a grant through the college which likely mitigates any gift tax consequences." This refers to gift tax on the giver, as the article makes clear that the giftee does not have a tax obligation.
If the author is correct, then the school benefits too (I suppose). But unless the school made the loans, I have no idea how channeling the money through the school benefits the school. I suppose that is why he is a billionaire, and I need to redouble my efforts.
The school has apparatus already in place to carry out the payoffs, which seems to make more sense than The Smith Family having to organize, validate and implement the payments from scratch. That would seem the most efficient way to handle it.
1. The cost of education has exploded to astronomical levels. Too much access to student loans exacerbates, and arguably is the cause of, that problem. Eliminating the pain of having to pay off the loans removes one of the biggest reservations for taking out loans in the first place. It's the bail-out mentality.
2. If you are truly trying to help people, why not help people not in a position to help themselves? Graduates of an American university are some of the best positioned people in the entire world to take care of themselves.
3. This is clearly a play for popularity. He chose to help people who are in a political spotlight knowing it will maximize the exposure of his gift.
4. We know he worked it to also get a charitable donation deduction on his tax return and avoid having to file a gift tax return. I question the source of his motivation.
5. I don't trust billionaires. He can throw a few breadcrumbs out to make folks feel good but that doesn't appease me.
Graydawg. Come on, that seems like an extremely jaded view of this gift. Smith obviously doesn't need a tax break on 40 million. Also Morehouse is not Harvard. Many of the grads likely came from relatively humble backgrounds and assisting them in moving forward without debt is in no way a bad thing in my opinion.
A quick check shows 98% of Morehouse students receive financial aid, these are not rich kids. This is a fantastic way to help more kids from lesser financial positions achieve what they are willing to work for through private sector support.