Billionaire Buffett to give away his wealth
know1
Posts: 6,794
http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7B677259D4-F475-4F3F-AF43-EC09D3EF319F%7D&keyword=
And I'm sure that the money will be utilized much better than the way our government does. This is what I'm talking about when I say that we would be better off if most social programs were handled privately through charity and donations.
And I'm sure that the money will be utilized much better than the way our government does. This is what I'm talking about when I say that we would be better off if most social programs were handled privately through charity and donations.
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.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
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I don't find it funny at all. It makes perfect sense. The Gates foundation is one of the most efficient charitable foundations out there in terms of dollars that make it to the actual recipients. It is also of large enough scale that real change can happen. Plus, Buffet and Gates are friends. Add to that the fact that Gates is leaving Microsoft in a couple of years to devote himself to full-time work with the foundation, and it looks like Buffet couldn't have made a better decision.
I think the better decision would have been to give $40 billion to one person....one person with the power to change the world with his mind. I don't think Bill Gates is that person now, though he once was. That said, I don't know if that person exists.
i wasn't trying to say that it was "ha ha" funny. But when you see the title Billionaire Buffet to give away his wealth and he is giving it to the foundation of one of the richest men in the world, i'm sorry but it's funny. I never questioned the decision and I think it's a great one...sorry if you didn't get that from my post.
I can't even imagine how much money that really is.
One question, though. If I remember correctly, didn't Eddie used to bash Bill Gates, playing "Soon Forget" for him or something at some point? If it's true, this is one thing where I completely disagree. Whatever the reasons Gates runs the charity foundation, and it seems genuine, it's good that such large amount of money goes to the ones who really need it.
There's a reason they became some of the richest men. They're smart and very business-savvy. Who better to run a charity???
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
if you gave away 100,00 dollars each and every day it would take you 1013 years to give away 37 billion dollars... it's a lot of money
exactly and they are opportunistic and with that kind of funding they should do VERY well with their charity work
LOL!!!
I guess I'll have to find three more extra jobs and find a way to beat death. But... I can do it!
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
It's kind of mind-boggling to think about the fact that this guy could cut a check for $7 to every person in the world.
I hope Buffet and the Gates foundation understand what it takes to cash a check, however.
How can you be so sure?
and though it may be true - if it is, its just another indication of where we are headed.
We're already there kiddo.
Without the estate tax, many would leave more leave more to charity.
Don't masturbate on A Moving Train.
Repeal of the estate tax would substantially reduce charitable giving.
http://www.cbo.gov/showdoc.cfm?index=5650&sequence=0
I didn't disagree with your statement. I simply pointed out a different way to look at it, though looking at it again I realize it was good drunken English. What I meant to say is this:
"Without the estate tax, many would leave more to charity."
Your statement is deceptive about the outcome. And I don't follow the cause/effect reasoning behind it.
and you know this b/c.....?
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
How? It wasn't intended to be.
The less some people have to give to the estate tax, the more is available for them to give to charity. I'm talking about individual options here.
Certainly without charity as a tax avoidance extortion mechanism, less overall money would be given to charity. But that tells you a lot about your estate tax.
I know this because charitable giving is an option that is cut into by the required estate tax. Many people leave part of their estate to charity while also having to pay the estate tax. Removing the estate tax provides a larger cut to all the remaining parties, often including the charity.
Because your post implies the opposite of the actual overall effect of estate tax repeal.
http://www.ocpp.org/cgi-bin/display.cgi?page=060531estategivi
It doesn't imply that at all. It implies that if the estate tax was repealled charitable givers would be able to give more to charity. I certainly don't deny that a repeal of the estate tax would lower overall giving. I simply reject extortion as a valuable means to charity.
hmm, sounds like an assumption to me
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
One would infer from this statement that the without the estate tax more would be left to charity and the opposite is true.
http://www.cbpp.org/8-3-04tax.htm