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 05:24 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
Thank you, Quazi!
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.
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.
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.
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