Forthetimes

July 7, 2006

The Buffett Decision

Filed under: Uncategorized

Many people seemed shocked that Warren Buffet gave a good deal of his billion dollar fortune to the Bill and Melinda Gates Foundation rather than leaving it to his kids. I must admit I was a bit surprised myself until I heard his rationale. He basically stated he left his kids enough money to do something but not enough to do nothing and that kids shouldn’t have a free pass merely by the fact they came out of a certain womb!  He says this isn’t good for the kid nor is it good for society.

I say hear ye! Hear ye! Everyone could understand a poor person saying that but a rich person saying it: unbelieveable. Either way, I think Warren Buffett should be commended. It’s an amazing thing to go against the status quo and do the unexpected. But then afterall, Mr. Buffett has always done this and I guess this is why he’s been so successful. Either way, I agree with him. Now while I don’t know about his kids, I do agree this is a good thing for society.

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