Comments on: Warren Buffett Promises to Give Away his Fortune http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/ General interest observations and true web-log. Mon, 13 Feb 2012 06:39:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: as http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-205293 as Tue, 11 Jul 2006 08:35:18 +0000 http://www.dvorak.org/blog/?p=5889#comment-205293 Desperately need money right now,anyone out there who are willing to help me please send an email to masayu18@yahoo.com,thank you i accept any amount. Desperately need money right now,anyone out there who are willing to help me please send an email to masayu18@yahoo.com,thank you i accept any amount.

]]> By: Gary Marks http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-189952 Gary Marks Tue, 27 Jun 2006 19:45:49 +0000 http://www.dvorak.org/blog/?p=5889#comment-189952 #13 AB CD, the estate tax is targeted at those who DON'T give their money to charity. What is it you don't understand about that? Why do you want to accuse someone who is giving such a HUGE sum of money to charity of somehow using it as a tax advantage for his heirs? The fact is, his family would inherit MUCH more, even AFTER the estate tax, than they will ever get from administration fees. Do you really think they could possibly drain over half the money as some sort of "fee" for simply passing the money on to the Gates Foundation? You seem to have some sort of large intestinal blockage... Oh look, it's your head! #13 AB CD, the estate tax is targeted at those who DON’T give their money to charity. What is it you don’t understand about that? Why do you want to accuse someone who is giving such a HUGE sum of money to charity of somehow using it as a tax advantage for his heirs? The fact is, his family would inherit MUCH more, even AFTER the estate tax, than they will ever get from administration fees. Do you really think they could possibly drain over half the money as some sort of “fee” for simply passing the money on to the Gates Foundation?

You seem to have some sort of large intestinal blockage… Oh look, it’s your head!

]]> By: AB CD http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-189849 AB CD Tue, 27 Jun 2006 17:17:03 +0000 http://www.dvorak.org/blog/?p=5889#comment-189849 Yeah, except Buffett has just evaded the estate tax for most of his estate. My guess is his kids will be administering the money, so they'll be living off the funds anyways, only paying taxes on their nominal salary. So estate taxes for the medium rich, foundations and lawyers for the really rich. Yeah, except Buffett has just evaded the estate tax for most of his estate. My guess is his kids will be administering the money, so they’ll be living off the funds anyways, only paying taxes on their nominal salary. So estate taxes for the medium rich, foundations and lawyers for the really rich.

]]> By: bilzebub http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-189593 bilzebub Tue, 27 Jun 2006 11:41:45 +0000 http://www.dvorak.org/blog/?p=5889#comment-189593 Actually, "taxation is theft" or not, Buffett criticised plans to attempt to reduce said estate tax, saying that (close paraphrase) it shouldn't matter in a supposedly meritocratic society whose womb you popped out of... and he said that his own kids were cool with the donation too... Actually, “taxation is theft” or not, Buffett criticised plans to attempt to reduce said estate tax, saying that (close paraphrase) it shouldn’t matter in a supposedly meritocratic society whose womb you popped out of… and he said that his own kids were cool with the donation too…

]]> By: AB CD http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-189362 AB CD Tue, 27 Jun 2006 05:43:16 +0000 http://www.dvorak.org/blog/?p=5889#comment-189362 He's cheating the government out of its 55% estate tax. How can he be so greedy? Why should this super rich guy get to dictate where his money goes, instead of letting the government get its fair share? He’s cheating the government out of its 55% estate tax. How can he be so greedy? Why should this super rich guy get to dictate where his money goes, instead of letting the government get its fair share?

]]> By: Mr. H. Fusion http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188831 Mr. H. Fusion Mon, 26 Jun 2006 22:06:43 +0000 http://www.dvorak.org/blog/?p=5889#comment-188831 It makes sense to contribute to a charity already up and running. The overhead and staff are already in place and to go alone would only duplicate the efforts. To have a charity with your own name on it only stokes the ego. This is also a tribute to Gates from Buffet for doing a worthwhile thing. I wish the best for both of them. It makes sense to contribute to a charity already up and running. The overhead and staff are already in place and to go alone would only duplicate the efforts. To have a charity with your own name on it only stokes the ego.

This is also a tribute to Gates from Buffet for doing a worthwhile thing. I wish the best for both of them.

]]> By: Max Bell http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188646 Max Bell Mon, 26 Jun 2006 19:31:26 +0000 http://www.dvorak.org/blog/?p=5889#comment-188646 I can't imagine anything cooler than this, except for the possibility that it turns into a trend. In the grand scope of things, it may just be a drop in the bucket, but I look forward to reading about what the foundation accomplishes. Here's hoping Warren's around a while so he has the opportunity to enjoy the show, as well. I can’t imagine anything cooler than this, except for the possibility that it turns into a trend. In the grand scope of things, it may just be a drop in the bucket, but I look forward to reading about what the foundation accomplishes. Here’s hoping Warren’s around a while so he has the opportunity to enjoy the show, as well.

]]> By: Gary Marks http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188524 Gary Marks Mon, 26 Jun 2006 17:49:49 +0000 http://www.dvorak.org/blog/?p=5889#comment-188524 Whether or not you trust the foundation's efficiency is only relevant if you donate to the foundation. Even if the charity were incredibly inefficient, it would still rate higher than passing the bulk of the fortune to spoiled heirs, as other wealthy families in America have traditionally done. That said, Buffett seems like the kind of investor who always did his homework, so the fact that he is donating so much money to the Gates Foundation is one of the more powerful and credible endorsements I can imagine. Whether or not you trust the foundation’s efficiency is only relevant if you donate to the foundation. Even if the charity were incredibly inefficient, it would still rate higher than passing the bulk of the fortune to spoiled heirs, as other wealthy families in America have traditionally done. That said, Buffett seems like the kind of investor who always did his homework, so the fact that he is donating so much money to the Gates Foundation is one of the more powerful and credible endorsements I can imagine.

]]> By: ken ehrman http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188504 ken ehrman Mon, 26 Jun 2006 17:31:24 +0000 http://www.dvorak.org/blog/?p=5889#comment-188504 with a steaming mound of 2nd-rate software, bill gates has amassed a fortune the size of which has never been seen in the history of humanity. <b>if there's anyone i trust to dole out charity with laser-like precision and effeciency, it' s bill gates.</b> with a steaming mound of 2nd-rate software, bill gates has amassed a fortune the size of which has never been seen in the history of humanity.

if there’s anyone i trust to dole out charity with laser-like precision and effeciency, it’ s bill gates.

]]> By: John Schumann http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188480 John Schumann Mon, 26 Jun 2006 17:13:48 +0000 http://www.dvorak.org/blog/?p=5889#comment-188480 Gosh, the sheer imagination of our modern heroes leaves the rest of us stunned, for sure. The second richest man in the world has thought long and hard and decided to give his fortune to (no... wrong guess) the richest man in the world. Gosh, the sheer imagination of our modern heroes leaves the rest of us stunned, for sure. The second richest man in the world has thought long and hard and decided to give his fortune to (no… wrong guess) the richest man in the world.

]]> By: Random Thought http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188475 Random Thought Mon, 26 Jun 2006 17:09:52 +0000 http://www.dvorak.org/blog/?p=5889#comment-188475 Who would have thought you could make that much money singing "Margaritaville"..... Who would have thought you could make that much money singing “Margaritaville”…..

]]> By: Nate http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188464 Nate Mon, 26 Jun 2006 17:02:21 +0000 http://www.dvorak.org/blog/?p=5889#comment-188464 Rob, I agree. Stop trying to downplay the charitable contributions of the Gateses and Mr. Buffet by making it look like Gates is just out for more sales. @ Wanderly I'm sure that Buffet is passing his money through the Gates foundation to make sure that it actually goes to help people. It's not like he can just go stand on the streetcorner with a few billion dollars in his pocket and hand it to every poor-looking person he sees. I read that the Gates Foundation is the largest philanthropist organization in America, so maybe that's why Buffet chose them....hmmm.....think about it, and while you're at it, get that stick out of your ass. Rob, I agree. Stop trying to downplay the charitable contributions of the Gateses and Mr. Buffet by making it look like Gates is just out for more sales.

@ Wanderly
I’m sure that Buffet is passing his money through the Gates foundation to make sure that it actually goes to help people. It’s not like he can just go stand on the streetcorner with a few billion dollars in his pocket and hand it to every poor-looking person he sees. I read that the Gates Foundation is the largest philanthropist organization in America, so maybe that’s why Buffet chose them….hmmm…..think about it, and while you’re at it, get that stick out of your ass.

]]> By: Rob http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188456 Rob Mon, 26 Jun 2006 16:54:50 +0000 http://www.dvorak.org/blog/?p=5889#comment-188456 Its good to see the two richest people in the world doing this. I hope it caches on, STOP BITCHING ABOUT MICROSOFT ALREADY. *ahem* thanks, Rob Its good to see the two richest people in the world doing this. I hope it caches on, STOP BITCHING ABOUT MICROSOFT ALREADY. *ahem* thanks,

Rob

]]> By: Wanderley http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188437 Wanderley Mon, 26 Jun 2006 16:41:29 +0000 http://www.dvorak.org/blog/?p=5889#comment-188437 Laudable intentions, indeed. But why didn't he give away directly? Why give all that money to his friend? Everybody knows that charities add overhead. By adding a "middle man", Mr. Buffett threw away maybe as much as 50 cents for every dollar. Also, I'd like to know how much of that money will be used in "donations" of computers running Windows (a nice way to funnel money into Microsoft, methinks). It's his money, I know, but since he'll probably be getting the tax benefits, I think it should be investigated... Laudable intentions, indeed.

But why didn’t he give away directly? Why give all that money to his friend? Everybody knows that charities add overhead. By adding a “middle man”, Mr. Buffett threw away maybe as much as 50 cents for every dollar.

Also, I’d like to know how much of that money will be used in “donations” of computers running Windows (a nice way to funnel money into Microsoft, methinks).

It’s his money, I know, but since he’ll probably be getting the tax benefits, I think it should be investigated…

]]> By: Higghawker http://www.dvorak.org/blog/2006/06/26/the-worlds-second-richest-man-whos-now-worth-44-billion-tells-editor-at-large-carol-loomis-he-will-start-giving-away-85-of-his-wealth-in-july-most-of-it-to-the-bill-melinda-gates-foundation/comment-page-1/#comment-188425 Higghawker Mon, 26 Jun 2006 16:28:07 +0000 http://www.dvorak.org/blog/?p=5889#comment-188425 Respect, thats the only word I can think of to describe this man. If only all leaders and business heads would follow his lead. One of the last to treat his employees well and think of others besides himself. Kudos Mr. Buffet Respect, thats the only word I can think of to describe this man. If only all leaders and business heads would follow his lead. One of the last to treat his employees well and think of others besides himself. Kudos Mr. Buffet

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