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Warren Buffett and the Bill & Melinda Gates Foundation
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Gopher



Joined: 04 Jun 2005

PostPosted: Sun Jun 25, 2006 9:54 am    Post subject: Warren Buffett and the Bill & Melinda Gates Foundation Reply with quote

Quote:
The world's second richest man - who's 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...


http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/index.htm?cnn=yes

http://money.cnn.com/2006/06/25/magazines/fortune/charity4.fortune/index.htm?cnn=yes

http://www.gatesfoundation.org/

http://www.gmsp.org/
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Sun Jun 25, 2006 3:31 pm    Post subject: Reply with quote

Anytime any recycle bin toting mac fan starts blathering on about what a great guy Steve Jobs is, ask mac fan how much Steve Jobs has ever given to charity.
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Kuros



Joined: 27 Apr 2004

PostPosted: Mon Jun 26, 2006 3:20 am    Post subject: Reply with quote

Is Bill Gates going into politics? Didn't he set his retirement date at 2008?
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Mon Jun 26, 2006 4:47 am    Post subject: Reply with quote

Quote:
Is Bill Gates going into politics?


That would surprise me. He doesn't strike me as a publicity-seeking kind of guy.
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Juregen



Joined: 30 May 2006

PostPosted: Mon Jun 26, 2006 6:00 am    Post subject: Reply with quote

mindmetoo wrote:
Anytime any recycle bin toting mac fan starts blathering on about what a great guy Steve Jobs is, ask mac fan how much Steve Jobs has ever given to charity.


Somehow that doesn't make sense Smile

You think that ill gotten gains by monopolizing, distributed to charity, are redeemded of their "illness"?

I think not.
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mithridates



Joined: 03 Mar 2003
Location: President's office, Korean Space Agency

PostPosted: Mon Jun 26, 2006 8:19 am    Post subject: Reply with quote

This is just one more thing that impresses me about individual and, well, pretty much anything non-governmental in the States. NASA being the exception of course. Google, Wikipdia, etc. etc.

Quote:
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. After Buffet's donation is accounted for, the charity will be required to give out a minimum of $2.8 billion dollars a year, which averages out to be about $90 every second.


The areas in which the money's being given out don't excite me in particular (university scholarships, medical research etc.) but today's announcement was still pretty dope.

Edit: The foundation should fund Wikipedia. Maybe I'll tell them.
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Nowhere Man



Joined: 08 Feb 2004

PostPosted: Mon Jun 26, 2006 10:24 am    Post subject: ... Reply with quote

I'd agree with mith.

$46 billion in Africa handled hands-on by such a philanthropist could very well move mountains.

It seems bad to poo-poo such actions, but couldn't Bill Gates have served us all better by not getting MS into anti-trust situations?

That's a question.
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Mon Jun 26, 2006 2:34 pm    Post subject: Reply with quote

Juregen wrote:
mindmetoo wrote:
Anytime any recycle bin toting mac fan starts blathering on about what a great guy Steve Jobs is, ask mac fan how much Steve Jobs has ever given to charity.


Somehow that doesn't make sense Smile

You think that ill gotten gains by monopolizing, distributed to charity, are redeemded of their "illness"?

I think not.


and warren buffett monopolized what exactly?
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Octavius Hite



Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.

PostPosted: Mon Jun 26, 2006 4:24 pm    Post subject: Reply with quote

Who cares that he monoplized MS products, its software, get a grip. Now those SOB pharmaceticul CEO's who patent AIDS and cancer meds and sell them for thousands of dollars a dose are evil people who are going straight to hell. Gates changed the world and made a pile of money doing so, no one was hurt by Windows monopoly (except maybe all you computer nerds), you could always buy a Mac.
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bucheon bum



Joined: 16 Jan 2003

PostPosted: Mon Jun 26, 2006 4:31 pm    Post subject: Reply with quote

One of the rare times I agree with OH. There are a lot worse industries and "evil" corporations out there. Microsoft is not nearly as influential nor as powerful as it used to be.
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Octavius Hite



Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.

PostPosted: Mon Jun 26, 2006 4:35 pm    Post subject: Reply with quote

Right on, anyone out there can pick up a C++ book and start programming away. Except for the pot and magic mushrooms I grow, i can't really make AZT or other drugs in my basement. I've always like Bill Gates, there are definitly way more evil people out there.
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4 months left



Joined: 07 Feb 2003

PostPosted: Mon Jun 26, 2006 11:36 pm    Post subject: Reply with quote

Gates says he has no interest in politics. Buffet is calling for the repeal of the estate tax which allows rich Americans to pass on cash to their children tax free. His own children aren't happy as he isn't leaving them very much.


Quote:
I would hate to see the estate tax gutted," Buffett said at a Manhattan news conference with the Gateses about his donation.

"It's a very equitable tax," Buffett said. "It's in keeping with the idea of equality of opportunity in this country, not giving incredible head starts to certain people who were very selective about the womb from which they emerged."
Well put!

http://news.yahoo.com/s/nm/20060626/pl_nm/financial_buffett_taxes_dc<br%20/>
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Octavius Hite



Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.

PostPosted: Mon Jun 26, 2006 11:47 pm    Post subject: Reply with quote

Repealing the estate tax is one of the most un-american things to come along in awhile. Allowing estates to pass on generation to generation is basically bringing back the aristocracy, isn't that why the US fought a war?
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Moldy Rutabaga



Joined: 01 Jul 2003
Location: Ansan, Korea

PostPosted: Tue Jun 27, 2006 12:37 am    Post subject: Reply with quote

OH, isn't Buffett saying the opposite-- that he's in favor of continuing taxes which prohibit elites from passing down all their assets to children?

Bill Gates isn't perfect-- it's still a company and its interests are still in making money. At times Microsoft has bullied smaller companies and countries which can't afford its products. But overall, his contribution to the computing industry is incalculable, and the fact that he has now dedicated so much of his life to philanthropy is laudable.

Ken:>
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Octavius Hite



Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.

PostPosted: Tue Jun 27, 2006 12:48 am    Post subject: Reply with quote

Yeah he is, I was agreeing with him, sorry, should have made that clear.
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