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June 26th, 2006, 01:53 PM
| #1 |
| AWESOME!!!111ONE  Joined: Oct 4th, 2004 Last Online: November 24th, 2008 Location: Clarkson's House Posts: 3,684
Car: POWERR!!! Rep Power: 0  |  Buffett Donates $37 billion to Charity http://news.yahoo.com/s/nm/20060626/...ZuBHNlYwMxNjk0 Buffet and Gates are unbelievable human beings.
__________________  What's the difference between charity and socialism? What's the difference between sex and rape? |
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June 26th, 2006, 02:20 PM
| #2 |
| "bangle for president"  Joined: Jan 14th, 2004 Last Online: November 27th, 2008 Location: belgium!! Age: 24 Posts: 6,069
Car: yamaha banshee (and an opel astra from work) Rep Power: 28   | gates ones said: "i'll make sure that my kids are safe for the future, maybe my grandchildre, but i have no message to my family living on for 5 generations off my money" good way of thinking 
__________________  groups/artists i've seen live: coldplay, the cure, cypress hill, damian marley, deftones, depeche mode, dEUS, franz ferdinand, grandaddy, guns n' roses, interpol, jamiroquai, korn, lenny kravits, marilyn manson, massive attack, metallica, moby, muse, the pixies, placebo, prodigy, queens of the stone age, the raconteurs, radiohead, red hot chili peppers, REM, skin, tool, the who, Wu-Tang and so many more... |
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June 26th, 2006, 02:22 PM
| #3 |
| Mantastic!  Joined: Jan 8th, 2005 Last Online: Yesterday Location: Melbourne, Australia Age: 33 Posts: 10,346
Car: 2006 MY07 Astra SRi Turbo Rep Power: 77  |  
__________________ www.sniffpetrol.com |
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June 26th, 2006, 02:25 PM
| #4 |
 Joined: Mar 19th, 2005 Last Online: 01:47 AM Location: Australia Age: 19 Posts: 712
Car: 01' Mitsubishi Lancer Rep Power: 21 | Jeepers Creepers.... Well at least they're doing something productive with it rather than throwing it around dancing and prancing and rolling some more 
__________________  See My Ride, Lenny Lancer: and my Forums Website For Awesome Wide-screen Wallpapers |
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June 26th, 2006, 02:26 PM
| #5 |
| Your Guide to TG/FG  Joined: Dec 9th, 2003 Last Online: Yesterday Location: Decorah, IA Age: 36 Posts: 4,297
Car: 2004 Subaru Impreza WRX STI (USDM) LFS Status:  Rep Power: 35 | Now why did I think of Jimmy Buffett when I read this, I should have known that he wasted it all away in Margaritaville.  |
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June 26th, 2006, 02:46 PM
| #6 |
 Joined: Sep 12th, 2004 Last Online: Yesterday Location: Finland Age: 29 Posts: 1,230
Car: Opel Astra / Suzuki VX800 Rep Power: 19 | Aren't charitable donations tax deductible?? I dunno, but with the amount of money those guys make they probably pay more in taxes anyway. Regardles, a very nice thing to do indeed. edit. Read the amount to be million not billion, so no they probably will not be paying more in taxes...  |
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June 26th, 2006, 03:20 PM
| #7 | |
 Joined: Jan 3rd, 2005 Last Online: June 27th, 2006 Location: Georgia Posts: 1,126
Rep Power: 0   | Quote:
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June 26th, 2006, 04:01 PM
| #8 | ||
| Joined: Sep 12th, 2004 Last Online: Yesterday Location: Finland Age: 29 Posts: 1,230
Car: Opel Astra / Suzuki VX800 Rep Power: 19 | Quote:
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June 26th, 2006, 04:33 PM
| #9 |
 Joined: May 11th, 2006 Last Online: June 5th, 2008 Location: Angers (France) Posts: 58
Rep Power: 0 | I cannot imagine what 37 billions are.... He could have bought Africa with that! |
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June 26th, 2006, 07:17 PM
| #10 |
| Banned For Trolling Joined: Jun 12th, 2005 Last Online: November 15th, 2007 Location: A mile high...and then some Posts: 4,809
Car: RX-7, Jeep Cherokee Rep Power: 0 | donations are indeed tax deductable in the US, however, with that kind of amount it negates the value. techinically he donated stock, not money. Company takes a nosedive, his donation is worthless. Probably not going to happen either way. Too bad so many rich people hoard thier money and leave enough to support many generations at the height of luxury so thier kids turn out to be insane. |
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June 26th, 2006, 07:28 PM
| #11 |
 Joined: Apr 2nd, 2005 Last Online: June 29th, 2008 Location: somewhere in yupe Posts: 1,511
Rep Power: 0  | Gates does this out of guilt.. guilt for giving the world the ord "Bluescreen" |
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June 26th, 2006, 07:34 PM
| #12 |
| Banned For Trolling Joined: Jun 12th, 2005 Last Online: November 15th, 2007 Location: A mile high...and then some Posts: 4,809
Car: RX-7, Jeep Cherokee Rep Power: 0 | Hahahaha. |
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June 26th, 2006, 09:18 PM
| #13 |
 Joined: Jan 14th, 2004 Last Online: November 28th, 2008 Location: Germany Posts: 1,391
Rep Power: 0  | I guess this fits the topic, Gates: The Carnegie of our time? http://seattlepi.nwsource.com/busine...nthropy20.html Oh and BTW, it amazes me how our world enables some individuals to accumulate that much money in their lifetime. (Buffet and Gates are both self-made) One billion dollars is a ridiculous amount of money already and you'll have a hard time spending it, but what these guys on the Forbes' list got is just beyond my comprehension... Warren Buffet donates 37 billion dollars to charity and still has ~9 billion left. And I'm sure we can all agree that's more than enough, not only for him but for every descendant he'll ever have. It's mind-boggling IMHO. What also amazes me is how Buffett still resides in the 6,000 square feet home he bought in 1958 for 31,500 USD (it is now valued at 500,000 $) and drives a 2001 Lincoln Town car.  Oliver PS: Did somebody catch Mark Cuban (owner of the Dallas Mavericks) on Lettermann about two weeks ago? I couldn't believe that that's a billionaire I'm watching, he just seemed so down-to-earth and nice. Kudos to him!
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June 26th, 2006, 09:22 PM
| #14 |
 Joined: May 3rd, 2006 Last Online: Yesterday Location: Breast Hill Castle, Angleland Age: 19 Posts: 3,781
Car: 2006 Yamaha Fazer LFS Status:  Rep Power: 31 | With interest rates it is reckoned you can live a very comfortable lifestyle in the UK with £4m in the bank so it's just uncomprehendable having £25b to give away.
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June 26th, 2006, 09:31 PM
| #15 |
| Joined: Jan 14th, 2004 Last Online: November 28th, 2008 Location: Germany Posts: 1,391
Rep Power: 0 | Yeah, just with interest alone you could buy lots of cars, a boat, a plane and a mansion each and every month and still have mony left over...
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June 26th, 2006, 09:49 PM
| #16 | |
| Just another .ca?  Joined: May 15th, 2005 Last Online: May 6th, 2008 Location: Prince Rupert, British Columbia Posts: 1,399
Rep Power: 16 | Quote:
it doesn't really work like that you can't just go to your local credit union and say "here's a billion dollars, i'd like to deposit it in my account please". it's impossible to have a billion dollars just sitting there. its called attainable assets. all of those rich people who buy 10 houses and boats and planes are really just investing in themselves; a place to keep your money safe | |
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June 26th, 2006, 10:18 PM
| #17 |
| Joined: Jan 14th, 2004 Last Online: November 28th, 2008 Location: Germany Posts: 1,391
Rep Power: 0 | I know that those people got most of their money in stocks and don't have that kind of money sitting in their bank account. But since most of these guys are still with their companies which create a lot of revenue, they'll probably still be able to buy all that stuff.
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June 26th, 2006, 10:58 PM
| #18 |
| Wants Rick Astley's Babies  Joined: Nov 12th, 2004 Last Online: Yesterday Location: Regensburg, Bavaria Age: 27 Posts: 5,996
Car: Golf LFS Status:  Rep Power: 38  | SO basically he didn't give money to anybody. He set aside shares in the worth of 37 billion so that they can be given to the various organizations after he dies... Still, pretty sick to do that. 9 billion left? Fucking hell, 100 million would be enough for everything you could ever want, except having a F1 team, or any other stuff like that... //just reread my post and thought it was rather negative sounding, which isn't what I intended... sick = awesome...
__________________  [18:11] MXM: it means buba is better than you now [18:12] sam-l: In what way? [18:12] Slycer: longer penis |
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June 26th, 2006, 10:59 PM
| #19 |
 Joined: Mar 31st, 2005 Last Online: May 23rd, 2007 Location: Glendora/Riverside, CA Posts: 915
Rep Power: 0 | Those who say money can't buy happiness obviously have no money for themselves. Money gives you the freedom to do things that you could otherwise not do. If these men genuinely did not care for charity then they would invest their money to make even more money. That is what entrepreneurs do.
__________________ "The car is the closest thing we will ever create to something that is alive." - Sir William Lyons |
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June 27th, 2006, 01:16 AM
| #20 | |
 Joined: Jun 4th, 2004 Last Online: November 27th, 2008 Location: Melbourne, Australia Age: 20 Posts: 8,511
Car: 00' Subaru Forester GT LFS Status:  Rep Power: 28 | Quote:
Some of my friends said that was crazy, but I disagree, I think it is an excellent way of thinking. I don't understand why they have to give all their money to their kids who are spoiled and then blow all their life savings in like 2 years and still end up with nothing.
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