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Thread: Buffett Gives Kids Foundations $3 billion

  1. #41
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by jamesrage View Post
    I might fault him for trying to play "do as I say not as I do" but I am not going to fault him for giving money to his kids charities.
    I do fault him for it, he is willing to shill for more people to lose money but like the fat hypocrite he is takes every shortcut and advantage he can afford. I cannot stand Buffet for the reasons that he wants to say it's okay to tax ridiculous amounts of money while stacking the deck for himself. If he followed his own words I wouldn't have a complaint.
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by iguanaman View Post
    The money is for the charities they run.
    And that pay them well. Let's not forget that Buffet could have given to other charities without any gain to himself, but shelter his kid's inheritance through their foundations. Had anyone else but the poster blimp Buffet done this the same people defending the jackass would be demanding prison terms for him. Like I have said here if his nose is clean whatever but if he broke one law or screws up the scheme I hope he gets every second of punishment.
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    Re: Buffett Gives Kids Foundations $3 billion

    Leave it to Republicans to find a reason to attack a guy who is giving away 99% of his fortune to charities. What percentage of his fortune has Romney pledged to charity so far?
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Buffett Gives Kids Foundations $3 billion

    If more of these billionaires were this generous, we wouldn't need so much taxation.

    Deducting charitable contributions is the kindest way to avoid taxes. It's true that some foundations pay their directors handsomely but unless you know that is the case here, what he has done is marvelous.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hatuey View Post
    Leave it to Republicans to find a reason to attack a guy who is giving away 99% of his fortune to charities. What percentage of his fortune has Romney pledged to charity so far?
    Buffett isn't giving away 99%, he's shifting it to his children's charities, there should be further questions asked of motive. Romney isn't advocating people being taxed more, while Buffett is, all the while sheltering his money. It isn't about Republican/Democrat it's about a little fat man who games the market while trying to keep others out of it.
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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Buffett isn't giving away 99%, he's shifting it to his children's charities, there should be further questions asked of motive. Romney isn't advocating people being taxed more, while Buffett is, all the while sheltering his money. It isn't about Republican/Democrat it's about a little fat man who games the market while trying to keep others out of it.
    More nonsense. Buffet has pledged 50% of his fortune to Bill Gates' foundation and the rest to various foundations. That much is a fact:

    The Giving Pledge

    In 2006, I made a commitment to gradually give all of my Berkshire Hathaway stock to philanthropic foundations. I couldn't be happier with that decision.

    Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50% of their wealth to charity. So I think it is fitting that I reiterate my intentions and explain the thinking that lies behind them.

    First, my pledge: More than 99% of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day.

    Millions of people who regularly contribute to churches, schools, and other organizations thereby relinquish the use of funds that would otherwise benefit their own families. The dollars these people drop into a collection plate or give to United Way mean forgone movies, dinners out, or other personal pleasures. In contrast, my family and I will give up nothing we need or want by fulfilling this 99% pledge.
    So again I ask, how much has Mitt Romney given away in charity?
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hatuey View Post
    More nonsense. Buffet has pledged 50% of his fortune to Bill Gates' foundation and the rest to various foundations. That much is a fact:

    The Giving Pledge



    So again I ask, how much has Mitt Romney given away in charity?
    Okay? So Buffett is going to give money when he's done with it, but in the meantime his kids charities are going to be the beneficiaries of 3B$ when he has said "they get nothing". This doesn't raise any questions of integrity? As well, the standards I've seen people hold against "the rich" are all behaviors Buffett himself engages in, he's a hypocrite.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    Okay? So Buffett is going to give money when he's done with it, but in the meantime his kids charities are going to be the beneficiaries of 3B$ when he has said "they get nothing". This doesn't raise any questions of integrity? As well, the standards I've seen people hold against "the rich" are all behaviors Buffett himself engages in, he's a hypocrite.
    Ah, so less than 10% of Buffet's net-worth being potentially in the future, not factually in the present, used for other purposes by his kids, make him a factual hypocrite? Okay. How much of his millions has Romney given away to charity yet? Anything at all? This is the third time you dodge the question.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by Hatuey View Post
    Ah, so less than 10% of Buffet's net-worth being potentially in the future, not factually in the present, used for other purposes by his kids, make him a factual hypocrite? Okay. How much of his millions has Romney given away to charity yet? Anything at all? This is the third time you dodge the question.
    I don't give a care about Romney's giving, the thread isn't about him. What really makes me laugh is that Buffett is everything the left claims to hate, but he gets a pass because he is towing the party line. Frankly I could care less about Romney, he wasn't in my favored candidate list and I still haven't gotten past his tactics in the primaries. Now, I admire true charitable giving, and I admire earning whatever one can by honest means, as well I admire integrity, none of which I see in Buffett.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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    Re: Buffett Gives Kids Foundations $3 billion

    Quote Originally Posted by LaMidRighter View Post
    I don't give a care about Romney's giving, the thread isn't about him. What really makes me laugh is that Buffett is everything the left claims to hate, but he gets a pass because he is towing the party line. Frankly I could care less about Romney, he wasn't in my favored candidate list and I still haven't gotten past his tactics in the primaries. Now, I admire true charitable giving, and I admire earning whatever one can by honest means, as well I admire integrity, none of which I see in Buffett.
    No, what your presence in this thread has been about is you being on your usual tyrades against buffet. You must really be bothered at the notion that one of your revered 'job creators' as you've called them, has asked for others like him to be taxed more. So you find a place where less than 10% of his net-work could be used in a less than ethical manner and all of the sudden his "hypocrisy" is a fact. Spare me the partisanship.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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