Posted on 08/04/2010 8:12:34 AM PDT by SeekAndFind
Thirty-four U.S. billionaires pledged Wednesday to give away at least 50 percent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.
Among the billionaires joining the campaign are New York Mayor Michael Bloomberg, entertainment executive Barry Diller, Oracle co-founder Larry Ellison, energy tycoon T. Boone Pickens, media mogul Ted Turner, David Rockefeller and investor Ronald Perelman.
Gates and Buffett launched "The Giving Pledge" in June to convince hundreds of U.S. billionaires to give away most of their fortune during their lifetime or after their death
(Excerpt) Read more at msnbc.msn.com ...
They will all be giving thier money to “social justice” causes and such, all nonsense, who cares ....
I'd be curious to see which organizations they support with their money. Somehow, I envision millions being spent on population growth groups, and groups pushing the notion of human caused Global Warming. The same type of 'foundations' run by the Ford, Rockefeller, and Packard families, today.
It would be nice if they'd spend some serious bucks on funding research dealing with safer nuclear power generation, increased battery capacity for electric vehicles, medical devices that help either extend peoples' lives, or increase the quality of life for older folks, or even cold fusion, (which is neither, by the way.) If they truly want this to be a charitable endeavor, they could specify that the findings not be proprietary, so everyone could benefit from them.
Oh, spare me! These wonderful billionaires willing to live on just $5 billion instead of $10 billion. The suffering! The humanity! The vomit-inducing hypocrisy! If they are serious, they should give-away all but $100,000 so they can feel like most Americans.
so that there can be a movement toward the dream or liberals of a utopia of redistributionism with a guaranteed level of wealth for all, and some with more than enough, but no one with too much.
I would prefer they create businesses that create jobs.
Wouldn’t we all as Conservatives rather than give them money to the government, give that money to charitable organizations instead?
Bingo!
The best thing they can do for society is to invest this money in profit-earning, job-creating, new-technology producing enterprises.
I’m sorry if it sounds crass, but I doubt the efficiency or even usefullness of PR promises to throw billions at causes that can not find funding elsewhere.
Most of this money will end up abroad for some “save Africa” deal or will be spent in the U.S. on the statist, liberal agenda by the usual leftist fundations. Better these dudes give it to heirs who will blow it on goods & services bought here or invest in business growth here.
Fools. They will only encourage Obama to demand even more.
The problem is that the more they give for free the more the feeble minded think things should be free from the rest of us.
Bet not one of them lists the US Government as a beneficiary. These guys are smart enough to avoid the 55% ‘death tax’, too.
Lots of these jerk-offs support lib politicians who are perfectly happy to give away 50% of *my* money, so why should I think anymore of them for this gesture?
My suspicion is that they will donate half of what is outside the trusts. The trust will be inviolable.
Ted Turner previously pledged to give away a certain sum of money (I think to the UN) every year for 10 years. Then when his personal fortunes declined he said “uhh...no I didn’t really mean it” and stopped the payments.
Good-— keep giving it away to those who will use the money to destroy any hope for the rest of us to advance our net worth.
Stupid liberals. Dangerous and stupid liberals.
I always love it when billionaire, celebrities and others who make their money off Capitalism/face recognition lecture the rest of us about the joys of a system where everyone is a poor, faceless nobody.
I’m so tired of these people talking down to me. :(:(:(
No, they’ve always encouraged killing “defective” babies. Kind of solves the problem of *birth* defects to kill the kids before they’re born. Amniocentesis is their preferred method of identifying defects, and then they encourage killing the defects once they’re identified.
I wonder exactly what charities will receive these funds.
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The Democratic National Committee.
Since this is public knowledge, how is their action a scam?
I guess, as far as you are concerned, the "rich" cannot do anything right.
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