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Forum topic by GMman posted 08-05-2010 01:33 PM 1224 views 0 times favorited 28 replies Add to Favorites Watch
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GMman

3902 posts in 2694 days


08-05-2010 01:33 PM

Topic tags/keywords: question

Buffett recruits the wealthy for charity

04/08/2010 4:10:23 PM

Forty wealthy families and individuals have joined a campaign to give at least half their wealth to charity, according to a list released Wednesday.


28 replies so far

View jim C's profile

jim C

1463 posts in 2095 days


#1 posted 08-05-2010 01:47 PM

If all those guys would give half their wealth to me, I could get on the list, and I would promise to give half of it away too. Win, win for everyone.

-- When I was a boy, I was told "anyone can be President", now I'm beginning to believe it!

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GMman

3902 posts in 2694 days


#2 posted 08-05-2010 01:49 PM

Let’s hope it all goes to charity.
Every time I give to RC, MS, Cancer or any other how much is really going to them?

View grizzman's profile

grizzman

7598 posts in 2300 days


#3 posted 08-05-2010 01:54 PM

well im going to have to consider this..as i was told by my banker that there bank could no longer store all of my money there….my mattress is bulging and the walls in my house are swelling…ive lost count of how many jars i have buried with 10,000 each..so you see…this has come just in time…i would consider sending some to canada, but…the duties i would have to pay would just be lining some government official’s pocket…and i cant do that…thanks for the heads up on this…....i was really getting worried…...LOL..LOL…......

-- GRIZZMAN ...[''''']

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treeman

208 posts in 2446 days


#4 posted 08-05-2010 02:28 PM

I’d be happy to participate with my share.

....Lets’ see…...... Government taxes get the first half. Insurance and medical get the second half. I get to keep the 3rd. half…. so that’s the part I can share.

View lwllms's profile

lwllms

555 posts in 2278 days


#5 posted 08-05-2010 02:39 PM

Buffet & company put on an interesting public face. But then there’s also the reality:

http://tinyurl.com/2bsaxz5

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docholladay

1287 posts in 2056 days


#6 posted 08-05-2010 02:54 PM

Hey Grizz, Where in Alabama is it that you live? I think I will just come and find your house. I can handle the heat to dig up a few of those jars. We can cut out the govt wrangling.

-- Hey, woodworking ain't brain surgery. Just do something and keep trying till you get it. Doc

View Betsy's profile

Betsy

2971 posts in 2893 days


#7 posted 08-05-2010 03:11 PM

There will always be rich people and poor people it’s all in your perspective. I have friends that call me rich, but I assure you I’m quite lower middle class on the economic scale – but I’m rich to them because I have a little money socked away and they don’t. Is it the choices we make along the way? Probably so. I think we all need to give to charities and help the neighbors.

As for giving it away when you die——do a little estate planning and you’ll be amazed at how much you can keep away from Uncle Sam and actually give to your family, or a charity.

It all comes down to responsibility and ethics and how you view those two issues.

-- Like a bad penny, I keep coming back!

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CharlieM1958

16048 posts in 3215 days


#8 posted 08-05-2010 03:34 PM

Buffet is a pretty rare bird among the wealthy in that he does not believe in passing down personal wealth from one generation to the next.

-- Charlie M. "Woodworking - patience = firewood"

View rance's profile

rance

4178 posts in 2157 days


#9 posted 08-05-2010 03:46 PM

I’m not too impressed with this new giveaway. Seems like just one more way to get their names in lights. Now if they were giving anonomously, well then that would be a horse of a different color.

-- Backer boards, stop blocks, build oversized, and never buy a hand plane--

View HokieMojo's profile

HokieMojo

2103 posts in 2725 days


#10 posted 08-05-2010 03:48 PM

lwllms,
I don’t see what the article you posted has to do with the individuals that have pledged to donate a significant portion of their estates. yes, they can continue to earn money while many of us have fewer opportunities, but that doesn’t diminish the fact that they are pledging to help those in need.

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Beginningwoodworker

13347 posts in 2670 days


#11 posted 08-05-2010 04:27 PM

I am I not wealthy, I am just a poor woodworker from Alabama.

View Eric in Florida.'s profile

Eric in Florida.

3745 posts in 2572 days


#12 posted 08-05-2010 04:32 PM

They’d have to wrestle my wife for it…..good luck!

-- Nothing is particularly hard if you divide it into small jobs ~ Henry Ford

View spclPatrolGroup's profile

spclPatrolGroup

232 posts in 1891 days


#13 posted 08-05-2010 04:48 PM

If you read about buffett he really doesnt have anyone to give his money too after he bites the dust. He has kids and nieces and nephews and brothers, but he doesnt givce them any money, since they didnt work for it, he will happily reimburse anyone for college tuition, but beyond that they have to fend for themselves. I myself love money, and hope to have some oneday.

-- Dave, from ND "The mind is an infinitely long workbench, and its cluttered with half-finished thoughts and ideas, sometimes we need to clear off the workbench and start again from step one."

View TheDane's profile

TheDane

4371 posts in 2660 days


#14 posted 08-05-2010 07:27 PM

I was a little surprised that I didn’t get a call from Buffet … guess I’ll just have to spend my money on MORE TOOLS! (LOL)

-- Gerry -- "I don't plan to ever really grow up ... I'm just going to learn how to act in public!"

View Knothead62's profile

Knothead62

2363 posts in 1958 days


#15 posted 08-06-2010 12:29 AM

I can’t participate! All my money is tied up in cash. There is some truth in the saying, “Charity begins at home.”

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