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Archive for Wednesday, March 23, 2011

Koch Industries gives $1 million for Japan relief

March 23, 2011

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— Koch Industries says it will donate $1 million for disaster relief efforts after the earthquake and tsunami in Japan.

The Wichita-based firm announced on Wednesday donations of $500,000 each to the American Red Cross and The Salvation Army.

In addition, the company says its subsidiary, Georgia-Pacific LLC, is also donating bath tissue, paper towels and other products to Convoy of Hope and Feed The Children.

Koch Industries has 75 employees in Japan, most working in or near Tokyo. Koch companies with a presence in Japan include Koch Chemical Technology Group and INVISTA.

Comments

verity 3 years ago

The Koch brothers can make charitable contributions until infinity. They can (and do) support PBS. They can employ however many people they employ. That doesn't change one bit the damage they are doing to our democracy and our economy.

One question I have thought about a lot. According to studies (google them, I'm not going to cite them) after people have enough money to supply their needs comfortably, more money does not seem to make them any happier. Why do some people always want more than they already have, no matter how much they have, especially when it's at the expense of other people?

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Scott Morgan 3 years ago

Corporate tax laws are extremely complicated. Often it seems people forget those "big business" offices are filled with people. People who live, eat, have families in the same community.

Least we never forget this. Illinois may lose Caterpillar due to the incredible brain dead liberal Chicago based social spending jag they've been on for decades.

Instead of a long winded post, just think of what losing this giant company will mean to Illinois. Is Caterpillar a horrible devilish company? Do you think Illinois would welcome Koch Industries?

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bobberboy 3 years ago

lib1 and indep 1 = david & charles koch.

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independant1 3 years ago

1 mil dollar donation is a noble gesture. It's not Koch's 1st and won't be the last noble gesture. Good news for receiver/good news for the giver. That's all

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Jimo 3 years ago

Some Koch ponies up 0.00001% of their wealth? Don't strain yourselves, brothers. I pitched in a whole dollar - got you beat by a mile.

Next you'll be telling me that I pay more income taxes than General Electric!

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monkeyhawk 3 years ago

"The only folks who might think this is ok would be those on the right, who often argue that companies shouldn't be burdened with taxes."

I done seen the light - it is the fault of the "right" that GE is allowed a tax pass.

Same apply to these folks?

"Kathleen Sebelius, President Obama's nominee to become Health and Human Services secretary, said in a letter obtained by the Associated Press that she made "unintentional errors" on her taxes and has corrected her returns from three different years.

Tom Daschle, the president's first HHS nominee, previously withdrew from consideration over tax issues, as did chief performance officer nominee Nancy Killefer.

Treasury Secretary Timothy Geithner, US Trade Representative Ron Kirk and Labor Secretary Hilda Solis, meanwhile, were confirmed despite issues related to their taxes." http://www.cbsnews.com/8301-503544_162-4908247-503544.html

Damn righties made 'em do it.

I do find it highly unlikely that tax evaders transform into philanthropists, so in regard to my original question, I'll ask how much these duds donated?

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monkeyhawk 3 years ago

How much did BO's best friend Jeffery donate? (From the money stolen from taxpayers...) Or George Soros? But I'm sure the haters think this is different somehow - after all, most of you probably don't pay taxes, either.

"On its front page this morning, the New York Times reported that General Electric — the world’s largest company — made $14.2 billion in profits ($5.1 billion in America) and managed to not pay a dime in federal taxes. In fact, the company actually received “a tax benefit of $3.2 billion.”

The mega corporation’s tax dodging flies in the face of the rhetoric of its CEO Jeffery Immelt — also the head of President Obama’s Council on Jobs and Competitiveness — who sought to portray his company as one that values fairness in a speech at West Point in 2009." http://thinkprogress.org/2011/03/25/geo-ceo-greed-taxes/

Here are two of the boozomerrill fave sites all rolled into one just in case some of you can only discredit the sources rather than the topic...

"nytimes.com:

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion." http://www.huffingtonpost.com/2011/03/25/ges-us-tax-bill-zero_n_840472.html

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weeslicket 3 years ago

will the koch brothers tithe to our great state of kansas in this same proportion?

if $1million = 1/44,000 = 0.0000227%; (also known as: not very much) and a tithing (common rate) = 10%: then, a common tithing for the koch brothers should be about 1/10 of about $44 billion = about $4.5 billion.

just to put this in context:
our current fiscal shortfall in kansas is equal to about $500 Million. or about the same amout of money raised by the "hideous" 1% sales tax increase ($400 million per year gained). or, about 60 cents/per day/per adult kansan. (assume about 2.25 million adults in kansas) ((there's certainly a joke in that last statment somewhere)) or, a 10% tithing from the kochs could allow our state to breathe easy for the next 9+ years without anyone (really) being hurt. ((i'm sure the kocks would suffer most terribly, though. good sports that they are.))

also: in what way is japan a better "investement" than their own home state?

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pace 3 years ago

I a glad they are starting to make their contributions openly. I hope to see ads appear as Koch brothers against labor unions, instead of their fronts. It just is more hones. Japan is suffering.

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BABBOY 3 years ago

Good for them.

Still would fist fight either one of them in exchange for total immunity for the harm inflict on them.

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lounger 3 years ago

One Million from Koch? They steal that much alone from Indian oil every year. Cmon fellas make a real contribution- maybe 20 million?

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verity 3 years ago

Matthew 6:2-4 KJV

2 Therefore when thou doest thine alms, do not sound a trumpet before thee, as the hypocrites do in the synagogues and in the streets, that they may have glory of men. Verily I say unto you, They have their reward.

3 But when thou doest alms, let not thy left hand know what thy right hand doeth:

4 That thine alms may be in secret: and thy Father which seeth in secret himself shall reward thee openly.

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Richard Heckler 3 years ago

Why did this require a public announcement and news headlines? Seems like this organization is manipulating the public.

Meanwhile:

We should be trying to put Americans back to work, not trying to put public radio out of business.

Attacking labor unions…waging war on women’s rights…defunding NPR and PBS...repealing health care reform. The anti-worker, anti-woman, anti-Obama Koch funded agenda just proves that their priorities are seriously out of whack. How is any of this supposed to create jobs?

If the american people are not careful they’ll force through their Koch extreme agenda faster than you can say “Koch brothers.”

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grandnanny 3 years ago

The two Koch brothers are worth a combined $44,000,000,000 so by removing the zeroes, that $1,000,000 donations appears to be $1 for every $44,000 they are worth. Wow, they are generous fellows! I'm sure that they have given to other charities, but every million they give away is like when you or I throw a dollar in the kettle at Christmas.

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overplayedhistory 3 years ago

If it is heaven you old Koch farts want to get into, God called and said you are a couple of billion dollars short.

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Flap Doodle 3 years ago

In other donation-related news: "...Senator Barack Obama and his wife, Michelle, sharply increased their charitable donations as Mr. Obama began to run for president and the family’s income increased from book sales, according to tax returns that the couple released on Tuesday....The Obamas’ returns are striking on a number of levels. They show that the couple made very few charitable contributions, sometimes less than 1 percent of taxable income, until Mr. Obama began his run for the White House. In 2004, before Mr. Obama entered the Senate, he and his wife gave $2,500 to charity, 1.2 percent of the taxable income. The next year, the donations jumped, to $77,315, or nearly 5 percent of the taxable income. “Their charitable giving only went up when it looked like he was campaigning for the presidential office,” said Paul L. Caron, a professor at the University of Cincinnati College of Law and editor of the TaxProf Blog, which examines tax questions and has posted the returns...." The Obamas’ returns are striking on a number of levels. They show that the couple made very few charitable contributions, sometimes less than 1 percent of taxable income, until Mr. Obama began his run for the White House. In 2004, before Mr. Obama entered the Senate, he and his wife gave $2,500 to charity, 1.2 percent of the taxable income. The next year, the donations jumped, to $77,315, or nearly 5 percent of the taxable income..." http://www.nytimes.com/2008/03/26/us/politics/26taxes.html

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Agnostick 3 years ago

From another angle...

Verse 122: One should not think lightly of doing good, imagining 'A little will not affect me'; just as a water-jar is filled up by falling drops of rain, so also, the wise one is filled up with merit, by accumulating it little by little.

http://www.tipitaka.net/tipitaka/dhp/verseload.php?verse=122

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Agnostick 3 years ago

I really don't know why this is such a surprise to anyone. Of course those of the Right/Republican/Conservative persuasion are going to make more charitable donations than those of the Left/Democrat/Liberal persuasion! Those in the first group generally have higher salaries and much more inherited wealth than those in the second group. So, the more donations they make, the bigger and higher the stack of deductions they can take to their accountant(s) when tax time comes around.

Duh!

For those of a religious persuasion, or who enjoy a good and wise parable, turn in your Bible to Mark 12:41-44...

41 Jesus sat down across from the place where people put their temple offerings. He watched the crowd putting their money into the offering boxes. Many rich people threw large amounts into them.

42 But a poor widow came and put in two very small copper coins. They were worth much less than a penny.

43 Jesus asked his disciples to come to him. He said, "What I'm about to tell you is true. That poor widow has put more into the offering box than all the others. 44 They all gave a lot because they are rich. But she gave even though she is poor. She put in everything she had. She gave all she had to live on."

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Tom Shewmon 3 years ago

Don't be silly BigPrune. Libs don't want to give THEIR money away, only your money and the very very wealthy's money. Libs pucker up tighter than a snare drum when it's their money your'e talking about.

God Bless.

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BigPrune 3 years ago

The democrats in congress have more personal wealth than the republicans. I wonder how much they've given to charity?

Here's a link to prove my above post stating that republicans give far more money to charitable causes than democrats.

http://www.google.com/#hl=en&sugexp=ldymls&pq=%22charitable%20giving%20republicans%20vs%20democrats%22&xhr=t&q=charitable+giving+republicans+vs+democrats&cp=42&pf=p&sclient=psy&aq=0&aqi=&aql=&oq=charitable+giving+republicans+vs+democrats&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=73fc2eee6b126d9&bs=1

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JustNoticed 3 years ago

No different from Stringer Bell and Avon hosting a neighborhood fundraiser for crack babies.

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bobberboy 3 years ago

These guys are just trying to make themselves look good - just like they do with the NOVA prograns on PBS. It's called let's play the public perception game. Buy the way - where I work the girls say that Georgia Pacific toilet paper makes their butts hurt so much they have to bring their own toilet paper to work with them. Buy the way did you know that the koch brothers worship a big stone owl ?

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just_another_bozo_on_this_bus 3 years ago

What the Koch brothers want is to create (or should I say maintain) a world where a very small group of wealthy autocrats can trickle a very small stream of selective benevolence down on the peonage, who, of course, would appropriately express their great appreciation to our self-appointed Lords.

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Agnostick 3 years ago

To be fair, all of these people will be leveraging massive tax breaks out of their donations... as we all do.

Meanwhile, there may be something to this "conservatives are more charitable than liberals" urban legend. Look at what the fine folks at Liberty University are doing:

http://www.liberty.edu/news/index.cfm?PID=18495&MID=27646

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Agnostick 3 years ago

Agorist_One (anonymous) sneers… March 24, 2011 at 9:06 a.m.

"We can all agree that democrats are the most charitable when it comes to spending other people's money, can't we?"


Quote:

"Amongst those particularly noteworthy are Sandra Bullock, Gwen Stefani and - most surprisingly, potentially due to her age - Demi Lovato, who have all given $1 million dollar donations to Japan in their darkest hour. One million dollars!"

Source:

http://celebs.gather.com/viewArticle.action?articleId=281474979158780

Three queens beats your pair of kings.

Sucks to be you, again...

Agnostick agnostick@excite.com

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bolshavik_vw 3 years ago

what's in it for them? They will expect something in return. These people are not the kind of people that do this out of the kindness of their hearts. I have boycotted buying anything they represent. And so have my friends.

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Liberty_One 3 years ago

Once again the Koch brothers have donated a significant amount to charity, like their millions they have given to cancer research, ballet, the national museum of natural history and the metropolitan museum of art. Of course all you hear about is their political donations which have gone towards legalizing marijuana, legalizing gay marriage, repealing the patriot act, ending the police state and cutting defense spending. Oh wait, you don't hear about those political donations.

It seems there's an effort out there to distort the truth about how the Kochs spend their money.

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Kris_H 3 years ago

A lot of people are giving and not blowing their own horns about it. I've always felt it's kind of tacky to brag about how much you give, or get the media to do that for you. Anyway, a million is chump change to The Bros.

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Kontum1972 3 years ago

its a tax write off.....nah its good way to buy into the Catastrophic wreck that occurred there..these clowns only look out for themselves.

have they given up any of their own kids to the US military...duhhhhhhhh...!

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jstthefacts 3 years ago

This comment was removed by the site staff for violation of the usage agreement.

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BigPrune 3 years ago

I'm sure it is a much larger amount than George Soros (if he gave anything at all) - but then again, republicans historically give much more to charities than democrats - and that's a fact. look it up.

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puddleglum 3 years ago

can you buy your way into heaven? or do you just pray?

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ksriver2010 3 years ago

Finally some good news involving Koch.

Bet the trolls on LJW will be out on this one.

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grammaddy 3 years ago

Jeez guys, don't hurt yourselves.

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