Billionaire Buffett to give away his wealth

13»

Comments

  • farfromglorified
    farfromglorified Posts: 5,700
    El_Kabong wrote:
    it also stands to reason that 'many' does not equal 'no one'

    Definitely. So do you take issue only with my use of the word "many"?
  • El_Kabong
    El_Kabong Posts: 4,141
    farfromglorified wrote:
    Definitely. So do you take issue only with my use of the word "many"?


    i'm not sure how 'many' i think would do it...wouldn't any $ given to charity be tax exempt, anyway?
    standin above the crowd
    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
  • farfromglorified
    farfromglorified Posts: 5,700
    El_Kabong wrote:
    i'm not sure how 'many' i think would do it...wouldn't any $ given to charity be tax exempt, anyway?

    Any money given to charity would be tax exempt, but many people give some to charity and some to family. If the family portion is enough, they must then account for the estate tax. Absent that tax, the charity portion could become larger.

    Again, in the interest of full discretion, of course a repeal of the estate tax would lessen overall charitable giving. But I'm not out to maximize charitable giving. If I was, why not just advocate a law that forces entire estates to be left to charity?

    I'm out to maximize personal choice. People earned that money through their lives. It should be up to them to give it to their children, a charity, or the state. It seems extra callous to send a tax collector after a corpse.
  • OutOfBreath
    OutOfBreath Posts: 1,804
    In other words folks, he agrees that the total will go down, although contributions may rise. (althou not enough to close the gap left by repealed taxes) And he advocates it on the grounds of personal choice. Fair enough, and I do not agree. :)

    Peace
    Dan
    "YOU [humans] NEED TO BELIEVE IN THINGS THAT AREN'T TRUE. HOW ELSE CAN THEY BECOME?" - Death

    "Every judgment teeters on the brink of error. To claim absolute knowledge is to become monstrous. Knowledge is an unending adventure at the edge of uncertainty." - Frank Herbert, Dune, 1965
  • farfromglorified
    farfromglorified Posts: 5,700
    OutOfBreath wrote:
    In other words folks, he agrees that the total will go down, although contributions may rise. (althou not enough to close the gap left by repealed taxes) And he advocates it on the grounds of personal choice. Fair enough, and I do not agree. :)

    The man speaks the truth.

    Now, for anyone who wishes to answer, at what point does the personal choice of the dead get superceded by the choice of the state? Meaning, at what objective point does the dead man's wish no longer hold any bearing?
  • blackredyellow
    blackredyellow Posts: 5,889
    I wonder if he will take the standard deduction next year...
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln

Categories