Warren Buffett and 12 Other Billionaire Families Pledge Half Their Wealth To Charity

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About Joanna Schroeder

Joanna Schroeder is the type of working mom who opens her car door and junk spills out all over the ground. She serves as Executive Editor of The Good Men Project and is a freelance writer whose work has appeared on sites like xoJane, hlntv.com, and The Huffington Post. Joanna loves playing with her sons, skateboarding with her husband, and hanging out with friends. Her dream is to someday finish her almost-done novel and get some sleep. Follow her shenanigans on Twitter.

Comments

  1. While I think this is a good thing for lots, I’d still like some of these guys to give it to the country that made them rich, and actually help alleviate some of the issues that plague the society at home. Being a little cynical, I do find myself wondering how much of this is being done out of ego, or for purposes of receiving tax benefits for doing so. While it may not be so easy to trust the governmental powers that be to be good stewards, I’m certain they could earmark the funds to go where it is needed and make members of their respective teams responsible for overseeing it’s dispersal. You know, like someone who needs a job.. What do you guys think?

    • “What do you guys think?”

      This annoys me to no end. Buffett calls for higher taxes on the rich, but wants to give his money to charity. Why doesn’t he just keep his money, let the government tax it at 55%, and it will do everyone so much better.

      He gave billions to charity a few years back and I thought, “you just deprived the federal government of billions of dollars they could have used to bail out a car company or something.”

      Mind you, I don’t like the tax code and I think the government taxes us too much. But, Buffett wants higher taxes and then avoids them in favor of “charity.” It is obvious he thinks he knows how to do more good with his money than the Government could. Otherwise, he would simply give more to the Government, instead of charity.

      He is just grandstanding. Grandstanding with the Buffett rule; grandstanding with this pledge. He is beginning to make Donald Trump look like a wallflower.

      -Jut

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