Skip to comments.Giving Until It Hurts -- Warren Buffett, Berkshire Hathaway & Population Control
Posted on 08/01/2003 6:38:31 AM PDT by TroutStalkerEdited on 04/22/2004 11:49:35 PM PDT by Jim Robinson. [history]
Berkshire Hathaway, the hugely successful, Nebraska-based company led by Warren Buffett, recently announced an end to its program for charitable giving, and in a way that is big news.
The program was an object of adoration for years, not least because it allowed Class A shareholders to designate where they wanted their portion of the company's charity to go. It seemed so democratic, so enlightened compared with the usual corporate-charity model: allowing an executive committee to pick a few charities on behalf of all shareholders. And yet we should be glad that Berkshire's program has ended. It was a bad idea in the first place.
(Excerpt) Read more at online.wsj.com ...
is like Buffett an advocate of high taxes. Both enjoy invidious comparison with middle class people who "need" a tax cut.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.