Gates, Buffet Attract More Billionaires for Giving Pledge

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thetechchild

Jeez, you'd think these guys physically tortured hundreds of people or something! I can't say that every one of those billionaires is a perfect person, or that 100% of their money was earned legitimately, but honestly, they're GIVING AWAY BILLIONS OF DOLLARS. They're saving people's lives and futures. Even if, at this point, we assume that those people earned their money 'somewhat illegally' (seems illegal/immoral but obviously haven't been convicted), they can only give back!

You can't always look at it as stacks of undeserved cash, because, in the long run, that cash is going to save lives. Maybe not immediately, or maybe not many, but how can you look at saving lives as a BAD thing?

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sniggler

I agree that it certainly is a nice gesture, but giving away billions still doesn't justify the many wrongs that were committed to gain such fortunes.

Still, don't look a gift-horse in the mouth...

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Carlidan

Dude what the hell are smoking. Because that's the craziest shit I ever heard.

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powerman123

YAY THAT"S LUDACRIS BESIDE GATES!!!!!! alright.

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Zecharoo

That's the majority of what I'm hearing from the comments here, and let me just say that your life wouldn't be half as comfortable as it is now if it weren't for the enterprising efforts of men like Gates and Buffet. You think that economics is a zero sum game, where the same amount of value has always existed. No way girl friend. Value exists because there are risk takers out there who create something that could be helpful, wanted, or just downright needed. The risk takers that succeed should be rewarded. If people who succeed can't benefit monetarily from their business ventures, they won't have the motivation or the resources to even start them in the first place.

Remember it's not a zero sum game. The capitalist system encourages the production of valuable products, because folks like you and me would really like to pay good money for them.

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someuid

I didn't know Lloyd Blankfein read Maximum PC and posted here!  Cool!

While I completely agree with you that capitalism is the golden egg of economies, pure capitalist societies do not exist, just as pure communist or democratic political systems do not exist.  Theory and practice are completely different.  Each are co-opted by individuals who have decided the true model doesn't meet their demands or makes it too hard to achieve what they want.

And while the overall structure of capitalism is not a zero-sum game, you can bet your last dollar that the company you work for is run as a zero-sum game.  Just because you live in a capitalist based society does not mean every situation you are in and every decision you face is not zero-sum based.

 

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Zecharoo

I don't think I said that all situations are not zero-sum based. I will say though that it is very common to think that our economy is predominently zero-sum, and thus the outrage at anyone who makes more than you.

There is an enormous amount exploitation out there, and I don't mean to downplay that in the least, but being rich in and of itself does not make one a corrupt or malicious. I'm not accusing you of adopting this belief, but it's very common.

For the record, I am no fan of Goldman Sachs.

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Trooper_One

While I applaud his effort, Gates et al. should maybe look at their own historic practices.  A good start is to pay their employees a fair wage and benefits (why do you think Gates and company hire many contractors?).  Pay their share of Federal, State, and Local taxes (I think Gates himself said he pays less taxes than all the secretaries on MS campus combined).  Do their part in helping the company with envrionment.  They didn't become billionaires by playing nice and fair.

Finally, to those of you who think they get nothing by donating large sums of dollars, think again.  They name shall live on, brining a good image to their brand - marketers in various companies would kill for that.  R&D?  - that's a way to turn science principles (public) into technologies (private); ownership so that they can grow even bigger.

 

Be a curious skeptic - nothing is the way as it seems.

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Zecharoo

No one is forced to take those jobs, nor is anyone forced to buy a microsoft product. Also the less taxes these companies pay, the less consumers have to pay for their products. This isn't my opinion, it's the way the world works. It's when government dolls out favors, and creates monopolies then we have a problem.  

Microsoft is monopolistic in some respects, but only because fools gave government the power to dole out favors that gave Microsoft a supreme advantage over their competitors. Especially with IP, government has given a huge advantage over any potential competitors. I don't think people should be able to outright copy Microsoft's product and call it their own- that would be fraud- but they should be able to implement ideas that are similar to Microsoft's. Just because Microsoft got to certain ideas first, does not mean they should have a monopoly over them.

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someuid

Amen

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knighttoday

Lest we forget, these folks most likely are getting huge tax relief when they "give away' such sums of money so is this really as alturistic as it seems on the surface?

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bergie berg

Nice shirt Buffet.

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nadako

I wonder if steve jobs is going to join the boat. Because if not then I guess he really is a greedy dick

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rmac1813

its good to hear something good. billionaires giving money to charity is a great story no matter which way you slice it. 

someuid - you bring nothing to the table with your negativity. 


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someuid

Nor do you when you stick your head in the sand and assume the rich will watch your backside for you.

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TechW

Frankly I am glad to see that the game has changed from whoever dies with the most money wins to whoever helps the most people wins. Good job Bill and Warren!

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sklep

they better spend those money on science or research, it would eventually help us all. giving poor people money has no future.  PJ O'Rourke : "You can't get rid of poverty by giving people money"

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Ashton2091

That's not true at all. We've had trillions poured into research already. Research is important, but I'm sure there are plenty of "poor" people who would take that money and invest in something good. Such as, small business, pay off debt so that they can start spending (which helps the economy), etc. Oh and lets not mention giving our schools a better education since we have a ginormous drop out rate. i could go on and on with the things it can be used for. Research is good....but yes...you CAN get rid of SOME poverty by giving people money. Of course it won't end it for good...but that doesn't mean, "since we can't end it all, don't help anyone".

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DJSPIN80

That's simply not true.  A friend of mine has a charitable organization in India.  They supply micro-loans that women in India can use to fund micro-enterprises.  Money that is often used to pull themselves out of debt (typically from a loan shark) and make a living for themselves.  These micro-loans are small - probably around $2, no more than $10.  To say that giving poor people money doesn't solve poverty doesn't exactly fit, neither will pouring your money into science and research.

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someuid

While it is good these guys and gals are giving away half their fortunes, one has to wonder how many businesses they've destroyed, careers that have been terminated, workers that have been exploited, wonderful tech ideas that have been bought out and buried or bungled, etc etc etc for them to arrive at this position.

One also has to wonder how many charities won't get anything because a select few individuals who've managed to corral a lot of cash decide they won't give to that certain charity even though a lot of Americans would like to see such donations made, or simply don't have the time to review all possible charities to donate too.

While we all think this is good in the end, I view it as a few individuals who are continuing to exert their control and influence in society like a self appointed king or god.

Probably a tale as old as time, eh?

Oh, this is perfect.  The captcha words below are "care slumming".  How ironic.  How fitting.

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US_Ranger

What are you talking about someuid?

Keep money = greedy bastard

Give money away = greedy bastard

I guess Buffet and Gates just can't win with some people.

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someuid

Don't accumulate so much of it in the first place, then give it away and expect everyone to worship you.

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albe23

Use fallacies much in your arguments?

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someuid

I'd comment but you didn't post anything of substance to comment on.  So, out with it.  Come on, you can do it.  English as a first langugae, communication is the key.  What do you consider a fallacy and why?

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