40 Billionaires To Give Away Half Their Wealth

Gavik

Registered Member
#21
Its a political issue because the estate tax is set to come back in January 2011. Except the estate tax is not 50%, its 55% and its not for billionaires it is for people with $1M+.
Since when was this about inheritance? They gave away money. The tax issue was brought in after the fact, and implies they're doing this just so they don't have to pay the money to the government instead of for charitable reasons.

This OP points out that the wealthy do a fine job of philanthropy without the government getting involved and they tend to invest their wealth into things that actually make the world a better place.
Great, I'll just wait for someone to donate a road for me. Or a school. Or a hospital. Or an army.
 
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Cait

Oh, poppycock.
#22
This kind of thing is always good to see. Unfortunately, its not very common, but nonetheless I enjoy knowing that there are people other there like this.
 

Twitch

Registered Member
#23
It's an amazing thing that their doing.

If someone has less, but donate more by ratio, it doesn't mean they are less charitable just because the actual amount was less.

I would feel that a person giving me $5 of the $10 they have is more charitable then the billionaire giving me a million. It doesn't matter that the million is so much more than the $10, the person that is giving money away who is nearly broke is more charitable in my eyes.
 

Major

4 legs good 2 legs bad
V.I.P.
#24
A billionaire donating 50% of his wealth might have more of an impact than an average man donating the same percentage of his, but that doesn't make it any more admirable or inspiring. The billionaire's lifestyle will not be affected in the least, while the average man will be giving up whatever luxuries he could previous afford.

Do I applaud this? Absolutely. But what the heck else are they going to do with that money? Seriously.
 

Shwa

Gay As Fuck
V.I.P.
#25
So the goodness of a person should be measured by the amount of money they hand out?

So good for them, they snap out for reality and realized all that money is worthless so they might as well put it to good use and do something good once in their lifetime. Half of each these man's wealth can save millions of lives, these 40 billionaires i guess you could give them merit for becoming humans once again. The rest are still rooting corpses, taking their fortune and infamy to the grave.

Simply because someone has the means financially to donate said amount of money makes them no less human than the average man. They achieved their money through hard work and smart business planning to get to where they are now. I didn't think have money made you soulless or some kind of outcast to humanity.

As stated in the article, they voluntarily gave their money for these charities. In the end they can receive some kind of tax write out or something while the charities they donated to can continue their work.

~Shwa
 
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CaptainObvious

Son of Liberty
V.I.P.
#26
So the goodness of a person should be measured by the amount of money they hand out?

So good for them, they snap out for reality and realized all that money is worthless so they might as well put it to good use and do something good once in their lifetime. Half of each these man's wealth can save millions of lives, these 40 billionaires i guess you could give them merit for becoming humans once again. The rest are still rooting corpses, taking their fortune and infamy to the grave.
Do something good for once? Risking capital and opening a business that ends up employing thousands upon thousands of people and providing goods and services that improve our standard of living isn't good?

No one takes their fortunes to the grave, it goes to someone, or something.
 

RJ-Cool

"Expect the unexpected"
#27
Interesting story! It's encouraging but it doesn't really inspire me though........later maybe, when the commitments are fulfilled. I'm not really impressed with words/promises.......nah, I'm more impressed with actions!
 

Gavik

Registered Member
#28
Anyone seen this article?

The impact of its size and rigorously business-inspired approach is still being assessed, but while there is no doubt that Gates’s work is saving lives, there are serious doubts about its long-term effectiveness. A common complaint is that the foundation’s fund-raising arm – operating independently of the charitable side – invests its assets in companies that allegedly pollute the environment, exploit poor workers and distort the global financial system. Another is that its wealth and starry image lures health workers and medical resources away from less glamorous areas of need.

In other words, as a long critique in the American magazine Foreign Affairs puts it, the foundation gives with one hand and takes away with the other. In his book Small Change: Why Business Won’t Change the World, Michael Edwards, a former World Bank adviser, asks: “Why should the rich and famous decide how schools are going to be reformed, or what drugs will be supplied at prices affordable to the poor, or which civil society groups will get funding for their work?” In this sense, say opponents of the new philanthropy, the needy are being written out of their own story, with the world’s attention focused instead on the people doing the giving.
The Gates Foundation (Among others) is very much geared towards generating profit under the cover of "Charity," whether it be through using experimental or otherwise unregulated treatments from Big Pharma or promoting "Green Agriculture" which will insure the recipients become dependent on patented and genetically modified crops and fertilizers.

Another question: A lot of you complain about governments "throwing money" at a problem, so how is it any different when a billionaire does it?
 
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Jeanie

still nobody's bitch
V.I.P.
#29
The story makes me proud to live in a capitalist society where people can make this type of money,
I agree, it's much better that we live in a society where 1% of the population controls the majority of the wealth and they can decide whether to share it with the less fortunate. That's a much better system than one in which people are paid a fair wage for a day's work and have access to food, shelter, and health care without having to choose between the three. :rolleyes:

Personally I think it's disgusting that people can make that type of money - infinitely more than they would ever need to meet their basic human needs when other people die for lack of access to those same basic human needs. Furthermore I think that anyone who calls himself a Christian - a follower of Christ - who disagrees with this needs to reevaluate his beliefs.
 

MenInTights

not a plastic bag
#30
I agree, it's much better that we live in a society where 1% of the population controls the majority of the wealth and they can decide whether to share it with the less fortunate. That's a much better system than one in which people are paid a fair wage for a day's work and have access to food, shelter, and health care without having to choose between the three. :rolleyes:
Not to be too cliche, but a rising tide lifts all boats. In areas where there is a high population of rich, everyone benefits. The car salesman sells new cars with all the features instead of budget or used cars, the grocer sells more expensive meats and the waitress gets bigger tips.


Personally I think it's disgusting that people can make that type of money - infinitely more than they would ever need to meet their basic human needs when other people die for lack of access to those same basic human needs. Furthermore I think that anyone who calls himself a Christian - a follower of Christ - who disagrees with this needs to reevaluate his beliefs.
There's a Christ was a socialist movement that is espoused by such people as Obama's spiritual adviser. It's a perversion of Christianity. Jesus did talk a lot about greed and the evils of the love of money. He also talked a lot about envy, even saying that those that practice envy would not inherent Heaven. For that matter, the Law states that you should not covet.
But, the point is that yes greed is evil and many capitalist are greedy. Envy is evil and in my opinion, most socialism is nothing but envy. But, just because I believe in the free market system does not make me greedy. I refuse to work 80hrs/week just to buy a bunch of toys. If someone else wants to, good for them. I'm not going to be envious either.
 
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