That's awesome. 50% to charity and in the next few years the rest in absurd tax hikes by the socialist Marxist regimen.

Spread the wealth. :)

:1orglaugh:1orglaugh awesome

Been thinking about this here lately.... way I see it, if it helps the charities or the economy or the homeless or disease stricken or federal deficit in any way, then good. Fuck the rich. No one needs $100 billion dollars to themselves. Put it to good use. And you can continue to call the gov Marxists or Communists or whatever you want, as long as the money is "spread", I don't care what you call the gov.

Are you out of your mind? He is the biggest white collar criminal in history.

Very noble gesture. I hope they really follow through with it. It just means that their great great great great grandchildren won't be born financially independent.

it's just self-preservation. they know the wealth gap between the have and have nots has exploded in the last four years and they think throwing some crumbs back will forestall the pitchforks of the mob.

It is a lot easier to give half your money away when you are a billionaire and could never in your lifetime spend a fraction of what you have Than it is giving half your money away when you cant afford milk for your crying hungry baby

Exactly. What's cool about this is it is voluntary and grass roots. Centralized "charity", like centralized economies, aren't very effective.

Too bad more of them didn't give like that. most of it is a tax write off anyways

Think outside the box. :warning

50 Billionaires giving away loot

milk is overated anyway.

I wonder how long it takes to come to the decision to give away billion$.

That's a liberal philosophy I will NEVER agree with. You don't have to earn $100 billion either, make just $2 million a year and you will get struck with absurd taxes.

It goes to pay for welfare
Social Services
The pockets of politicians
Political campaigns

etc, etc..

That's all fine, we have to pay a certain amount of tax, but overly punishing the rich is NOT what America is about. Developing a system that says if you work your ass off all your life and make $2 million a year we are going to take $1,300,000, (65%) of it in taxes to fund entitlement programs is bullshit.

The democrats believe in MORE spending and entitlement programs, which in-turn leads to more taxing.

I'm not sure if you made it past the 3rd grade, but I'm sure you've heard the phrase, 'America is the land of opportunity'.

America has always been about fewer government benefits but vastly greater economic opportunity and social mobility. Something uneducated leaches who want to live off the system might not understand.

Go look at wealth in other countries, especially Europe, over 70% of wealth is frequently the product of birth or inheritance. In America, by contrast, every city abounds with immigrants who came to the United States with nothing and now run thriving businesses with dozens, if not hundreds, of employees. Most successful people in this country have earned their own money.

Go read the book 'The Millionaire Next Door' it estimates that 80 percent of American millionaires are entirely self-made.

What happens when the free market is overrun by government bureaucrats. Banking, auto, wall street, insurance, health, etc, etc?

I think it's funny you blurt out opinions without understanding the implications of them.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh

I do understand the implications. I made them on purpose. I do not apologize for them.

Classic :D

I stole that line from Bill Maher. :1orglaugh
When he said it I laughed because it's true. :1orglaugh

an encapsulation of all thats wrong in america today.
trash with this opinion get to vote.

http://1.bp.blogspot.com/_ONWO3uWXxr...t+the+rich.jpg

ADG

First, they can't bring their money with them when they kick the bucket; second, their families will be fighting all over themselves if they inherit it; third, uncle sam will want a big piece of it; and last - it's good PR, and a great tax deduction.

Altruistic acts by some billionaires will NOT cover the cut throat practices of other billionaires and millionaires, whose God is the mighty greenback.

wrong... they didn't become billionaires by trusting thieves and morons to manage their money, why would they on this?

That's how people get rich in a free world. However, this is not a free world. As Rothbard himself more than once stated: We should be very suspicious of how the ruling/rich elite acquired their riches.

:2 cents::2 cents::2 cents:

It's truly sad.

Nice write-off, they will make it back in no time... the trick is to give it ALL AWAY.

Might be harder to convince them to do that. :winkwink:

If you have 10 million, your offspring would never have to work ever again. If you have billions, entire countries could be work-free;-)

The nicest thing i heard a rich guy say about this offspring stuff was that he would Double their income their entire lives, but they did not get anything for free. I liked that a lot, as they would still have a drive to work harder.

Seems to good to be true right lol

Philanthropists are just like the World Bank... a sick joke..