Who says the rich don't care?

Warren Buffet the "Oracle of Omaha" has decided to give away $37 billion dollars to charity , making it the largest-ever individual charitable gift in the United States.

This is most of his personal fortune, and more than even the most srdent socialist could ever give away.

Who says the rich don't contribute? Oh thats right Michael Cullen does. 

 


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  • Peopled Diagram

    "I think is is superb that he managed to amass such wealth."

    At the cost of whom?  He was a total gentleman?

    And where is it going – I can't wait to find out.

  • Whaleoil

    The majority is going to the Bill & Melinda Gates Foundation.

    The foundation's grants have provided funds for underrepresented minority college scholarships, AIDS prevention, diseases that strike mainly in the Third World, and other causes. The Foundation currently provides 17% (US$86 million in 2006) of the world budget for the attempted eradication of poliomyelitis (polio). In June 1999, Gates and his wife donated US$5 billion to the foundation. They have donated more than US$100 million to help children suffering from AIDS. On January 26, 2005, it was announced that the Foundation had made a further contribution of US$750 million to the international Vaccine Fund to help fight diseases such as diphtheria, whooping cough, measles, poliomyelitis and yellow fever. As of 2006, the foundation has an endowment of approximately US$26.9 billion. To maintain its status as a charitable foundation, it must donate at least 5% of its assets each year. Thus the donations from the foundation each year would amount to over $1 billion at a minimum.

     So what exactly is your beef. That he earned the money in the first place or that he gave it away?

    And just this morning you where wailing on about having to put up a sign.

    I welcome wealth, admire the generators of wealth and like other wealth generators I give as well, all be it on a smaller scale, but that in turn will grow.

    We need more people like Bill and Melinda Gates, Warren Buffett, John D Rockefeller and Gareth Morgan.

    We certainly need less people with attitudes like yours.

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