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Topic: warren buffet steps away from the buffet

otter
rabble-rouser
Babbler # 12062

posted 26 June 2006 02:34 PM

quote:
In 2006, he made the commitment to give away 85% of his fortune, most of which would be going to the Bill and Melinda Gates Foundation.[

check it out at wikipedia wik's profile

I guess this is another one that has stared into the abyss of death and realized the money really does belong to the world and is not just for wallowing in an endless life of excess and pretense.

Although, to be far, the guy has not been nearly as self-absorbed as so many of the other billionaires are.

From: agent provocateur inc. | Registered: Feb 2006 | IP: Logged

arborman
rabble-rouser
Babbler # 4372

posted 26 June 2006 02:40 PM

That gives the Gates foundation double the annual spending budget of major parts of the UN (like Unicef). While I applaud the donations, it does underline how screwy our societal priorities are.

I remember the Gates foundation funding a bunch of interesting, socially positive research that just doesn't get funded by Big Pharma - like finding a cure/preventive for malaria. I hope that sort of thing expands with Buffet's money.

[ 26 June 2006: Message edited by: arborman ]

From: I'm a solipsist - isn't everyone? | Registered: Aug 2003 | IP: Logged

N.Beltov
rabble-rouser
Babbler # 4140

posted 26 June 2006 02:49 PM

Buffet has given a lot of money to conservative "family values" organizations in the past. He will sit as a member of the Board of the Gates Foundation that administers his current donation. But, near as I can tell, he is a pretty frugal capitalist. These sorts of individuals are always interesting.

From: Vancouver Island | Registered: May 2003 | IP: Logged

jeff house
rabble-rouser
Babbler # 518

posted 26 June 2006 03:21 PM

Warren Buffett's daughter, whose name I can't recall, has funded a lot of feminist organizations in Latin America.

Usually, they give out information and birth control pills and condoms, advise about the possibility of abortion, and insure that information about sexually-transmitted diseases is widely available.

My understanding is that she hands out $10 to $20 million dollars annually on these causes.

From: toronto | Registered: May 2001 | IP: Logged

Khimia
rabble-rouser
Babbler # 11641

posted 26 June 2006 03:28 PM

It is a wonderful action, he is to be lauded for his generosity and civic spirit.

From: Burlington | Registered: Jan 2006 | IP: Logged

S1m0n
rabble-rouser
Babbler # 11427

posted 26 June 2006 03:43 PM

He's taking fire from the business press for it, I see by perusing google news.

From: Vancouver | Registered: Dec 2005 | IP: Logged

500_Apples
rabble-rouser
Babbler # 12684

posted 26 June 2006 06:04 PM

He's been planning to give away his fortune all his life, hasn't been much of a secret and we can see it in some of his actions such as his campaigning against the Bush administration's policy on estate taxes. His natural talent at birth has been to make money and it is obvious that he waited so long to give it away - in the meantime he would be able to grow its value faster than any other organization, and did so.

Somebody mentioned Unicef, personally if I had worked my life to make a fortune (and I don't have the natural skills Buffet has) I would do what he's doing - give it to the organization which does the best work that I know of. Interestingly enough, I'm visiting Seattle as we speak and it is absolutely phenomenal what Gates and Allen have done for this city.

Waren Buffet, Bill Gates and Paul Allen - three heros of mankind.

From: Montreal, Quebec | Registered: Jun 2006 | IP: Logged

Flash Walken
rabble-rouser
Babbler # 11223

posted 27 June 2006 05:08 AM

quote:
Originally posted by 500_Apples:
He's been planning to give away his fortune all his life, hasn't been much of a secret and we can see it in some of his actions such as his campaigning against the Bush administration's policy on estate taxes. His natural talent at birth has been to make money and it is obvious that he waited so long to give it away - in the meantime he would be able to grow its value faster than any other organization, and did so.
Somebody mentioned Unicef, personally if I had worked my life to make a fortune (and I don't have the natural skills Buffet has) I would do what he's doing - give it to the organization which does the best work that I know of. Interestingly enough, I'm visiting Seattle as we speak and it is absolutely phenomenal what Gates and Allen have done for this city.
Waren Buffet, Bill Gates and Paul Allen - three heros of mankind.

Now if only I could keep my computer from bluescreening every time I 'buy' a video...

From: Vancouver | Registered: Dec 2005 | IP: Logged

500_Apples
rabble-rouser
Babbler # 12684

posted 27 June 2006 08:16 AM

sorry I don't follow...

From: Montreal, Quebec | Registered: Jun 2006 | IP: Logged

otter
rabble-rouser
Babbler # 12062

posted 27 June 2006 08:47 AM

quote:
sorry I don't follow...

Although, in these forums, it is not unusual to find that you may well wish you had never asked

From: agent provocateur inc. | Registered: Feb 2006 | IP: Logged

All times are Pacific Time

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