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Thread: 40 US billionaires pledge half wealth to charity

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by MaggieD View Post
    Uhhhh, cancer?? Otherwise, great post!

    Edit: Maybe that's a very good USE for their money...funding research on those orphan diseases that don't "pay" for pharma to go after.
    Depends on the type of cancer. Many cancers already have very successful treatments with high survival rates (especially if caught early), like prostate cancer for example. Others have very low survival rates. However, I will have to concede that I have no idea whether the high survival rate cancers are more, less, or about the same in terms of abundance as low survival rate cancers.

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    Re: 40 US billionaires pledge half wealth to charity

    Many of the people pledging to donate are for ending Bush tax cuts, and specifically George Lucas, Warren Buffet, Bill Gates, and Ted Turner have all supported democrats in the past.

    Lol at the original poster suggesting that 600 billion will solve all of America's problems, and not reading the article more.

    Bill Gates is an awesome guy, and Warren Buffet makes so much damn money he is giving away 99% of it to charity. Several of the billionaires they called though gave them the ole "got to get off the phone and catch this private jet" excuse though. Don't you hate when that happens? Still glad the nations 2 wealthiest aren't assholes.

    Also the money isn't pooled together, each donator gets to put their money where they want to.
    Last edited by JohnWOlin; 08-04-10 at 07:24 PM.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by Civil1z@tion View Post
    Depends on the type of cancer. Many cancers already have very successful treatments with high survival rates (especially if caught early), like prostate cancer for example. Others have very low survival rates. However, I will have to concede that I have no idea whether the high survival rate cancers are more, less, or about the same in terms of abundance as low survival rate cancers.
    I agree. They've come a long way. But they have a very very VERY long way to go. If prostate cancer can be 'contained,' survival rates are excellent. If it can't . . . not so good. Breast cancer/ovarian cancer/lung cancer/bladder cancer/leukemia . . . there's much work to be done.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by JohnWOlin View Post
    Many of the people pledging to donate are for ending Bush tax cuts, and specifically George Lucas, Warren Buffet, Bill Gates, and Ted Turner have all supported democrats in the past.

    Lol at the original poster suggesting that 600 billion will solve all of America's problems, and not reading the article more.

    Bill Gates is an awesome guy, and Warren Buffet makes so much damn money he is giving away 99% of it to charity. Several of the billionaires they called though gave them the ole "got to get off the phone and catch this private jet" excuse though. Don't you hate when that happens? Still glad the nations 2 wealthiest aren't assholes.

    Also the money isn't pooled together, each donator gets to put their money where they want to.
    of course the uber rich support the death tax--they avoid it by giving massively to their own foundations which makes people paen them. The estate tax doesn't kill the uber wealthy estates as I noted. The estate tax kills off the smaller estates so they cannot challenge massive estates built on stuff like what Gates gained his money in. Estate taxes free up valuable art and land that the mega noveau wealthy crave to buy.

    one of the most idiotic things many on the left do is to assume that the interests of people like Buffett and Gates are anything like someone sitting on a 5 million dollar piece of property in West Chester County or owning a small business or a profitable farm.



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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by TurtleDude View Post
    without raping the constitution, destroying freedom or creating an even more parasitic government, how do you propose ending such "obscene" concentrations of wealth?
    There's really nothing unconstitutional about wealth redistribution, as much as your might think its a dirty word. Destroying freedom is letting trillions in wealth collect in a handful of individuals. How can someone be truly free if they don't know where their next meal is coming from, or if they are going to have a roof over their head next month? The problem with the Tea Party definition of "freedom" is that it extends only to the freedom to starve.


    Quote Originally Posted by TurtleDude View Post
    I agree, the fascist or totalitarian sentiments are enough to cause me to buy another 1000 rounds of Israeli Armor piercing 7.62 ball for my Sniper rifle
    The trouble with vigilante justice is that it's seldom just. But, hey, at least all that useless firepower makes you feel safe... right?

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by Guy Incognito View Post
    There's really nothing unconstitutional about wealth redistribution, as much as your might think its a dirty word. Destroying freedom is letting trillions in wealth collect in a handful of individuals. How can someone be truly free if they don't know where their next meal is coming from, or if they are going to have a roof over their head next month? The problem with the Tea Party definition of "freedom" is that it extends only to the freedom to starve.




    The trouble with vigilante justice is that it's seldom just. But, hey, at least all that useless firepower makes you feel safe... right?
    your envy of the wealthy is duly noted. Rights don't cost anyone else anything. Learn that please



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    Re: 40 US billionaires pledge half wealth to charity

    Good on them, but it just demonstrates that most of the nation's money is in the hands of a few people, and they can choose to help the rest of us out with it or not. It's their ivory tower and they can do what they want with it.

    And it's also important to keep in mind that many of those industry owners are continually lobbying government to expand corporate powers and erode the rights of the individual. Many of them would be instant monopolies if it weren't for government regulations. So while I appreciate their money, their methods used to rise to obscene profits is part of the problem in the first place.

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by TurtleDude View Post
    Rights don't cost anyone else anything. Learn that please
    Ah, but how wrong you are on this. Every right possesses a cost, which is simple enough to realize if one is thinking deeply about the subject instead of uncritically parroting Libertarian dogmas. The sacrifice of the soldier who got us those very rights is perhaps the foremost of these costs. That's a price that you may prefer to sweep under the rug, but I do not and I recognize that the men and women of the military are a real cost of our rights. Freedom isn't free, TD.

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by TurtleDude View Post
    the death confiscation tax (which Buffett and Gates will avoid altogether) doesn't hurt the truly super wealthy because their wealth will regenerate itself in less than 20 years after the tax hits because so little of it is spent. The death confiscation tax really crushes small businesses, family farms and modest estates in the 2-30 million range-especially if a large amount of the assets are non-revenue generating (such as an art collection, non-farmed land or an expensive home)
    Dozens of the Wealthy Join to Fight Estate Tax Repeal

    Mr. Buffett, the Omaha investor who ranks fourth on the Forbes magazine list of the richest Americans, said in an interview that he had not signed the petition itself because he thought it did not go far enough in defending "the critical role" that he said the estate tax played in promoting economic growth, by helping create a society in which success is based on merit rather than inheritance.

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    Re: 40 US billionaires pledge half wealth to charity

    Quote Originally Posted by Civil1z@tion View Post
    Depends on the type of cancer. Many cancers already have very successful treatments with high survival rates (especially if caught early), like prostate cancer for example. Others have very low survival rates. However, I will have to concede that I have no idea whether the high survival rate cancers are more, less, or about the same in terms of abundance as low survival rate cancers.
    The new prostate cancer drug costs something like $50k to complete (i believe it is split up into three treatments that last about a week). Being as prostate cancer effects many more americans than say amyotrophic lateral sclerosis (190k plus new cases per year vs 6k), the funding is simply not there.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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