Billionaires Give Away Money But Will Muddle Along On Remaining Billions
BILL Gates and Warren Buffett (£96bn combined) have led a The Giving Pledge campaign that will see 40 billionaires give away half their fortunes to charity and “good causes”. If this still leaves you with a billion or more in the bank, then grandstanding your generosity – you get to write letter explaining how nice you are to the world – may not lead to a big reduction in living standards for the donors.
And then the donors can pledge to give the money after they die. Sign up now and Buffett will stop asking you to sign up. Although if you delay singing up long enough he may start offering inducements, like a free tumbler, a free tumbler factory or to have France renamed in your honour.
There are 403 billionaires in the US, which means 363 have yet to sign up or are doing there own philanthropy on the quiet.
Or else they are all clubbing together to buy India, Central Asia, Greece and sub-Saharan Africa and so get their hands on all that lovely charity cash…
Posted: 4th, August 2010 | In: Money Comment | TrackBack | Permalink
