Richer Than Romney

Thanks to foriegn oil funded Al Jazeera. At least he worked like a slave to deserve such riches, didn't cost any American jobs, and never went against his principles lol

Taking into account taxes to be paid on the deal, possible earlier debt and the fact that Gore’s representatives declined to comment, FORBES conservatively estimates the former vice president’s net worth to be at least $300 million, making him wealthier than unsuccessful Republican presidential candidate Mitt Romney.

http://www.forbes.com/sites/ryanmac/201 ... urrent-tv/

1) Most of the Gore family money came from oil stocks like Occidental that daddy worked deals for whole in office. 2) And now Al "Mr. Green" is making tens of millions of dollars from Middle East petrol companies. As LJ says you can't make this stuff up.

FredHayek wrote: 1) Most of the Gore family money came from oil stocks like Occidental that daddy worked deals for whole in office. 2) And now Al "Mr. Green" is making tens of millions of dollars from Middle East petrol companies. As LJ says you can't make this stuff up.

I thought they made their $ in Tobacco.

Does anyone honestly think that Al Gore has had a net negative effect on the world? Even if he makes money off the oil that all of us are obsessed with using, has he not been active in a nonviolent way to share his understanding of many issues. Is it not great that an American used profit from business to actually initiate some of that change and education. My sense is that he believes in climate change and is not trying to deceive. I don't really remember nearly as much negative about him vs. Bush Sr., Quale, Cheney or Biden.

My sense is that Al gore could not personally use more resources than he has convinced people to conserve. My sense is on energy and environment, he has done more good than all the bad he could do by his lifestyle or choices.

Hear the Glenn Beck angle? Supposedly Mr. Beck offered more money for Current than the Arabs but ALG preferred the middle east getting his company instead of radical right wingers.

Glenn Beck offered 1/4 of what Al Jazeere offered. and Al Jazeera offered to keep all US employees for at least 3 months, maybe permanently. Gee, sounds like all lot of class envy of Mr. Gore. He is one of the world's most astute businessmen. He has been on the board of directors for Apple during their phenomenal growth, and a senior advisor to Google for the past decade. He has been a true job creator.

Something the Dog Said wrote: Glenn Beck offered 1/4 of what Al Jazeere offered. and Al Jazeera offered to keep all US employees for at least 3 months, maybe permanently. Gee, sounds like all lot of class envy of Mr. Gore. He is one of the world's most astute businessmen. He has been on the board of directors for Apple during their phenomenal growth, and a senior advisor to Google for the past decade. He has been a true job creator.

Yes, Al Gore has done a great job helping Apple and Google increase profits! Just as he has increased his net worth by roughly $100 million with big oil money.

In order to avoid high US corporate taxes, Apple has more than half its cash in offshore accounts.

Apple (AAPL) is piling up boatloads of cash: just not here.

Those boatloads are increasing becoming docked in Apple's foreign subsidiaries and cannot be repatriated without incurring additional hefty U.S. taxes. A whopping $54 billion of Apple's $82 billion cash and investments is in offshore accounts. It isn't coming here: The giant 35% U.S. corporate tax has created an artificial divide between U.S. and foreign holdings, a divide which cannot be easily bridged.

Moreover, the off-shore component of cash is growing exponentially, courtesy of milder overseas tax treatment as well as burgeoning foreign markets. In contrast, Apple's U.S. cash/investments are increasing much more slowly.

http://seekingalpha.com/article/318794-apple-s-foreign-cash-hoard



And Bermuda tax shelters for Google!

Google Inc. (GOOG) avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.

By legally funneling profits from overseas subsidiaries into Bermuda, which doesn’t have a corporate income tax, Google cut its overall tax rate almost in half. The amount moved to Bermuda is equivalent to about 80 percent of Google’s total pretax profit in 2011.

http://www.bloomberg.com/news/2012-12-10/google-revenues-sheltered-in-no-tax-bermuda-soar-to-10-billion.html



But hey, if it's legal, good job Mr. Gore!


He should of learned one more thing from Romney, though. Gore tried to sell Current before 2013 to get the maximum capital gains LOOPHOLE savings possible. But it looks like he missed closing the deal by one day. O dear... :crying2:

Al Jazeera did not disclose the purchase price, but people with direct knowledge of the deal pegged it at around $500 million, indicating a $100 million payout for Mr. Gore, who owned 20 percent of Current. Mr. Gore and his partners were eager to complete the deal by Dec. 31, lest it be subject to higher tax rates that took effect on Jan. 1, according to several people who insisted on anonymity because they were not authorized to speak publicly. But the deal was not signed until Wednesday.

http://mediadecoder.blogs.nytimes.com/2013/01/02/al-jazeera-said-to-be-acquiring-current-tv/


It's a good thing Gore is a Lib, because now who will complain about smart investing? lol

Something the Dog Said wrote: Glenn Beck offered 1/4 of what Al Jazeere offered. and Al Jazeera offered to keep all US employees for at least 3 months, maybe permanently. Gee, sounds like all lot of class envy of Mr. Gore. He is one of the world's most astute businessmen. He has been on the board of directors for Apple during their phenomenal growth, and a senior advisor to Google for the past decade. He has been a true job creator.

If this had been Romney, you know what the media and screaming liberals would have done to him, but Gore is one of their own. The facts are the facts and hypocrites will be hypocrites. Please tell me this kind of a deal wouldn't have done more damage than evil Bain.

Yep, imagine if Steve Jobs had run for President as a Republican, all the press hate that would have been directed at him.
He stole someone's liver!!!

Something the Dog Said wrote: Glenn Beck offered 1/4 of what Al Jazeere offered. and Al Jazeera offered to keep all US employees for at least 3 months, maybe permanently. Gee, sounds like all lot of class envy of Mr. Gore. He is one of the world's most astute businessmen. He has been on the board of directors for Apple during their phenomenal growth, and a senior advisor to Google for the past decade. He has been a true job creator.

I thought rich business men were evil? Oh, but he is on the correct side so that doesn't matter.