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Showing posts with the label charity

Is it bad if Bill Gates gives away half of his estate?

That's the question I tackle with Ben Boychuk in our column for Scripps Howard News Service . You already got an early version of my take on this blog, so I'll give the floor to Ben. The problem here isn't charity. The problem is Bill Gates and Warren Buffett. Americans tend to disdain the gaudy rich and ostentatious displays of wealth. Gates and Buffett are what might be called ostentatious donors. Through his family foundation, Gates has donated tens of billions of dollars to causes ranging from education reform to vaccinations for poor women in third world countries. Buffett has given $8 billion alone to the Bill and Melinda Gates Foundation. Have they helped people? Probably. Have they shaped public policy? Almost certainly. The question is whether those billions have shaped policy for the better. To the extent Gates and Buffett have pushed for reforms that expand the scope and reach of national governments, that's not positive change. Gates and Buffett bot

Conservatives Against Philanthropy: Are Bill Gates and Warren Buffett Socialists?

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They're wearing red. That can't be a coincidence. I confess I don't get this reaction to the June story in Fortune about how Bill Gates and Warren Buffett are trying to persuade other billionaires to leave half their estates to charity : As it turns out, however, the writer, senior editor-at-large Carol Loomis, struck a raw nerve with Fortune readers. Most were outraged – regarding the philanthropy plan as grandstanding that would do nothing to create jobs or to address horrific problems, including runaway government spending, the spiraling deficit, and the near-comatose state of the economy. As Fortune notes in its July 26 issue, “When Carol Loomis reported on Warren Buffett and Bill and Melinda Gates’ plan to pledge half of their wealth away, the comments – nearly 500 of them – came in fast and, literally, furious.” According to Fortune’s own tally, the comments ran 2-to-1 against Buffett and Gates. The included 36 percent of who readers described the philanth