40 U.S. Billionaires Pledge Half Of Wealth To Charity

__ Posts: 6,651
edited August 2010 in A Moving Train
«13

Comments

  • yokeyoke Posts: 1,440
    heard about this the other day... I think that is great if they follow up on it.



    I think its gonna piss the government off though, less taxes they can get.
    Thats a lovely accent you have. New Jersey?

    www.seanbrady.net
  • Nothingman54Nothingman54 Posts: 2,251
    I see no point. Cause the poor are still gonna be poor and the charities are still gonna have their hand out. I'd prefer to help people on an individual basis, rather than give my money to a company.
    I'll be back
  • __ Posts: 6,651
    I see no point. Cause the poor are still gonna be poor and the charities are still gonna have their hand out. I'd prefer to help people on an individual basis, rather than give my money to a company.
    :?

    So like, you'd rather give cash to guys on the street than donate to the Red Cross?

    Some of these charities they give to, by the way, are charities that they have started to address the concerns that are important to them in ways that they think will be effective. Buffett & Gates each have their own foundations. And Buffett gave 70% of his wealth to the Gates Foundation, which has the ability to do such great things as eradicate certain diseases on a global scale. Seems better than giving to individuals, if you ask me. Plus, I'm sure they still do give to individuals.

    I have to say, I'm super-impressed by all the great things some people are doing with their fortunes, and Buffett & Gates top my list. It always amazes me when people portray Buffett as some out-of-touch billionaire who gives nothing back to society.
  • __ Posts: 6,651
    yoke wrote:
    heard about this the other day... I think that is great if they follow up on it.

    Some of them are already doing it.
  • Cool story, but its been done before

    Warren Buffet did it in 06. He actually is worth more money now then he was before. He gave away like 25 billion or something and has made like 71 billion since.

    http://money.cnn.com/2006/06/25/magazin ... 1.fortune/
    {if (work != 0) {
    work = work + 1;
    sleep = sleep - work * 10;}
    else if (work >= 0) {
    reality.equals(false);
    work = work +1;
    }system("pause");
    return 0;}
  • I see no point. Cause the poor are still gonna be poor and the charities are still gonna have their hand out. I'd prefer to help people on an individual basis, rather than give my money to a company.


    Yeah screw the Bill and Melinda Gates foundation right? Maybe you should actually read what these charities do before spouting off. The Gates foundation does help people on a person to person basis. I guess you would know that if you actually knew what they do.

    http://www.gatesfoundation.org/Pages/home.aspx
    {if (work != 0) {
    work = work + 1;
    sleep = sleep - work * 10;}
    else if (work >= 0) {
    reality.equals(false);
    work = work +1;
    }system("pause");
    return 0;}
  • Nothingman54Nothingman54 Posts: 2,251
    I see no point. Cause the poor are still gonna be poor and the charities are still gonna have their hand out. I'd prefer to help people on an individual basis, rather than give my money to a company.


    Yeah screw the Bill and Melinda Gates foundation right? Maybe you should actually read what these charities do before spouting off. The Gates foundation does help people on a person to person basis. I guess you would know that if you actually knew what they do.

    http://www.gatesfoundation.org/Pages/home.aspx

    [Rude post removed by Admin]
    I'll be back
  • EquallyWorthlessEquallyWorthless Posts: 3,993
    edited August 2010
    I see no point. Cause the poor are still gonna be poor and the charities are still gonna have their hand out. I'd prefer to help people on an individual basis, rather than give my money to a company.


    Yeah screw the Bill and Melinda Gates foundation right? Maybe you should actually read what these charities do before spouting off. The Gates foundation does help people on a person to person basis. I guess you would know that if you actually knew what they do.

    http://www.gatesfoundation.org/Pages/home.aspx

    [Rude post removed by Admin]


    Nice! Can't back up your point so you resort to name calling and childish remarks. :lol:
    http://www.videojug.com/film/how-to-beh ... rnet-forum
    Post edited by EquallyWorthless on
    {if (work != 0) {
    work = work + 1;
    sleep = sleep - work * 10;}
    else if (work >= 0) {
    reality.equals(false);
    work = work +1;
    }system("pause");
    return 0;}
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    They really don't have a choice. The foundation will protect their money, instead of the government getting their 55% cut when the estate tax come back.

    The estate tax is something that should land the people who wrote it in prison.
  • ONCE DEVIDEDONCE DEVIDED Posts: 1,131
    what would be better is for every person who can. give a very small amount to a charity on a monthly basis. that would very soon eclipse these wonderful actions by the wealthy.
    not to say its not a great thing they are doing.

    I have sponsored many children over the last 15 years. I see it as my Karma account.
    by doing good for others it is my hope that good will come to me.
    this has of course happened with many of my PJ brothers and sisters.
    AUSSIE AUSSIE AUSSIE
  • __ Posts: 6,651
    unsung wrote:
    They really don't have a choice. The foundation will protect their money, instead of the government getting their 55% cut when the estate tax come back.

    The estate tax is something that should land the people who wrote it in prison.

    Well that's cynical. You think Bill & Melinda Gates work so hard to improve the health of the world simply because they don't have a choice?
  • KDH12KDH12 Posts: 2,096
    I agree

    to say that they donate only to protect their money is absurd

    if that is all they wanted to do they would write checks and be silent partners

    But they don't do that, they are actively engaged in things educations, they want to make a difference

    IMO they see the shortcomings of society and they are trying to illicit change

    That is respectable, we could argue their motives, but I believe that they worked their work, made their money, retired at relatively young ages and they want to justify their riches by giving back... nothing wrong with that

    I have always worked for not-for-profits and many of them survive on rich donors giving back... be it through one time donations or will in-trust.
    **CUBS GO ALL THE WAY IN......never **
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    I'm not saying that this is the only reason that they are doing it, but I am saying I bet it has crossed their mind. You don't amass that size of a fortune by being stupid. Yes they want to do good for the world but they also want to make sure their families are set up for eternity.

    Or should they just keep everything and let the government tax them 55% or more?
  • catefrancescatefrances Posts: 29,003
    what would be better is for every person who can. give a very small amount to a charity on a monthly basis. that would very soon eclipse these wonderful actions by the wealthy.
    not to say its not a great thing they are doing.

    I have sponsored many children over the last 15 years. I see it as my Karma account.
    by doing good for others it is my hope that good will come to me.
    this has of course happened with many of my PJ brothers and sisters.

    this is why you do it??? doing good in order to be rewarded isnt the way it works you know.
    hear my name
    take a good look
    this could be the day
    hold my hand
    lie beside me
    i just need to say
  • ONCE DEVIDEDONCE DEVIDED Posts: 1,131
    what would be better is for every person who can. give a very small amount to a charity on a monthly basis. that would very soon eclipse these wonderful actions by the wealthy.
    not to say its not a great thing they are doing.

    I have sponsored many children over the last 15 years. I see it as my Karma account.
    by doing good for others it is my hope that good will come to me.
    this has of course happened with many of my PJ brothers and sisters.

    this is why you do it??? doing good in order to be rewarded isnt the way it works you know.

    I dont ask for reward . I said Karma . I send out good and good returns . Its the way I deal with the world.

    we helped cause we could, later in our lives we have a child with health issues ,and the kindness- the generosity has blown my mind.
    AUSSIE AUSSIE AUSSIE
  • catefrancescatefrances Posts: 29,003
    what would be better is for every person who can. give a very small amount to a charity on a monthly basis. that would very soon eclipse these wonderful actions by the wealthy.
    not to say its not a great thing they are doing.

    I have sponsored many children over the last 15 years. I see it as my Karma account.
    by doing good for others it is my hope that good will come to me.
    this has of course happened with many of my PJ brothers and sisters.

    this is why you do it??? doing good in order to be rewarded isnt the way it works you know.

    I dont ask for reward . I said Karma . I send out good and good returns . Its the way I deal with the world.

    we helped cause we could, later in our lives we have a child with health issues ,and the kindness- the generosity has blown my mind.

    you said..

    by doing good for others it is my hope that good will come to me.

    sounds like a reward to me.
    hear my name
    take a good look
    this could be the day
    hold my hand
    lie beside me
    i just need to say
  • __ Posts: 6,651
    unsung wrote:
    I'm not saying that this is the only reason that they are doing it, but I am saying I bet it has crossed their mind. You don't amass that size of a fortune by being stupid. Yes they want to do good for the world but they also want to make sure their families are set up for eternity.

    Or should they just keep everything and let the government tax them 55% or more?

    Actually, I believe Warren Buffett has said his family can't have his money - now or when he dies.
  • catefrancescatefrances Posts: 29,003
    scb wrote:
    unsung wrote:
    I'm not saying that this is the only reason that they are doing it, but I am saying I bet it has crossed their mind. You don't amass that size of a fortune by being stupid. Yes they want to do good for the world but they also want to make sure their families are set up for eternity.

    Or should they just keep everything and let the government tax them 55% or more?

    Actually, I believe Warren Buffett has said his family can't have his money - now or when he dies.

    and why should they??? ive never understood the expectation of inheritance.
    hear my name
    take a good look
    this could be the day
    hold my hand
    lie beside me
    i just need to say
  • ONCE DEVIDEDONCE DEVIDED Posts: 1,131
    by doing good for others it is my hope that good will come to me.

    sounds like a reward to me.[/quote]
    if the rewards having people be nice, to offer support and freindship, like recently after having talked to an australian PJ fan ( one of the aussie life wasted crew) she asked after my little one and found out that she has been sick for a while . a few days later a big ballooon arrangement turned up on the door from the aussie crew. how wonderful is that.
    how wonderfully generous and beautifull is that.
    when I sold My surfboard for charity ( Cystic Fibrosis) so many beautiful people from these boards did so much in moral support, in finacial support to the organisations who help support my daughter and those like her.
    I managed to raise over $10,000 .and am so grateful to all who helped me reach that.
    thats the karma I talk off. my reward
    No profit for me, except happiness and knowledge that peolple are wonderful creatures
    AUSSIE AUSSIE AUSSIE
  • catefrancescatefrances Posts: 29,003
    edited August 2010
    if the rewards having people be nice, to offer support and freindship, like recently after having talked to an australian PJ fan ( one of the aussie life wasted crew) she asked after my little one and found out that she has been sick for a while . a few days later a big ballooon arrangement turned up on the door from the aussie crew. how wonderful is that.
    how wonderfully generous and beautifull is that.
    when I sold My surfboard for charity ( Cystic Fibrosis) so many beautiful people from these boards did so much in moral support, in finacial support to the organisations who help support my daughter and those like her.
    I managed to raise over $10,000 .and am so grateful to all who helped me reach that.
    thats the karma I talk off. my reward
    No profit for me, except happiness and knowledge that peolple are wonderful creatures

    call it what you want.. reward.. hope that good will come to you.. its all just semantics but it means the same thing.
    Post edited by catefrances on
    hear my name
    take a good look
    this could be the day
    hold my hand
    lie beside me
    i just need to say
  • KatKat Posts: 4,908
    Be careful with contentious, accusatory posts and personal comments. TONE is important when communicating through text. Reposting this here...


    Posting Guidelines
    1. Be nice. We're very big on RESPECT here. Respect for each other, the band and the Ten Club Community forum environment. Please think of it as if you are as a guest in someone else's home. Please do not put your posting privileges at risk.

    2. Discuss, disagree and debate politely. It's possible to disagree with people without being abusive, and it's a requirement here. This includes abusive Private Messages.


    It seems people are getting personal and offending each other on purpose. It's not ok. If you can't debate the topic without getting personal, you don't belong here and will be leaving the forums. So just remember, if you're not following these guidelines, you're banning yourselves. Personal grudges will open the exit door for you. Let the bannings begin.

    Your choice.

    Admin
    Falling down,...not staying down
  • know1know1 Posts: 6,794
    I don't believe people should question the motives or reasons for someone's charitable actions.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • know1 wrote:
    I don't believe people should question the motives or reasons for someone's charitable actions.

    Especially not when those charitable actions are helping to lead the way in pretty important stuff like AIDS and Cancer research. Who cares about the obvious tax breaks if a sizable donation leads to the funding that finds the cure for cancer?
    {if (work != 0) {
    work = work + 1;
    sleep = sleep - work * 10;}
    else if (work >= 0) {
    reality.equals(false);
    work = work +1;
    }system("pause");
    return 0;}
  • I think it's a great idea! With that large amount of money the interest alone is crazy. This fund will go on forever.
    1996 - Ft Lauderdale
    1998 - West Palm Beach 1
    2000 - West Palm Beach 1&2
    2003 - WPB,Tampa,Atlanta,Camden 1&2,MSG 1&2, Boston 3,Hershey Park
    2004 - Asheville, Kissimmee
    2008 - West Palm Beach,Tampa,Columbia,Virginia Beach, Mansfield 1&2
    2010 - Hartford,Boston,Newark, MSG 1&2
    2011 - PJ20 1&2, Costa Rica
    2013 - Wrigley,Brooklyn 1&2,Seattle
    2014 - Denver,Mountain View 1&2
    2015 - Bogata, Mexico City
    2016 - Ft Lauderdale,Miami,Tampa,NYC 1&2,Telluride,Fenway 1&2,Wrigley 1&2

  • cincybearcatcincybearcat Posts: 16,497
    scb wrote:
    unsung wrote:
    I'm not saying that this is the only reason that they are doing it, but I am saying I bet it has crossed their mind. You don't amass that size of a fortune by being stupid. Yes they want to do good for the world but they also want to make sure their families are set up for eternity.

    Or should they just keep everything and let the government tax them 55% or more?

    Actually, I believe Warren Buffett has said his family can't have his money - now or when he dies.

    and why should they??? ive never understood the expectation of inheritance.


    Well, you know, sometimes a person's family actually helps them in life. And...well, while someone is off making a fortune they can often be neglecting things at home. So, it doesn't seem unreasonable to me for the family of someone to inherit that $. They aren't all douchebags.
    hippiemom = goodness
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    And if you could set up your decendents for life wouldn't you?
  • __ Posts: 6,651
    unsung wrote:
    And if you could set up your decendents for life wouldn't you?

    There are more important things in the world than money. Even some people with money know that.
  • Jason PJason P Posts: 19,158
    This could have ramifications on the "Richest 1% own 38% of the wealth" sociological statistic.
    Be Excellent To Each Other
    Party On, Dudes!
  • cincybearcatcincybearcat Posts: 16,497
    scb wrote:
    unsung wrote:
    And if you could set up your decendents for life wouldn't you?

    There are more important things in the world than money. Even some people with money know that.

    And we your family doesn't have to worry about $, they are free to focus on those more important things, no?

    I think it's great that they are donating lots of money. But I never would hold it against someone to leave a bunch of $ for their kids/grandkids, etc.
    hippiemom = goodness
Sign In or Register to comment.