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Showing posts from June 13, 2010

Gates, Buffett plan to raise $600B from mega-donors, including themselves

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Gates and Buffett announced this new initiative, called the Giving
Pledge, which calls on everyone on the Forbes 400 American rich list to
pledge half their net worth -- either now or at their death. The hope
is that if everyone on the list agrees, the plan could raise US$600
billion.
...
Buffett has already written his pledge, which is published on the
Giving Pledge website --though he's going beyond the 50 per cent
target, aiming to give away 99 per cent of his $50 billion fortune. clipped from www.facebook.com Gates, Buffett call on billionaires to give it all away - CTV News www.ctv.ca Bill Gates and Warren Buffett's call this week asking the world's billionaires to give away half their fortunes has been met by a touch of skepticism by some who wonder if the motivation is one of true charity.

Would a voluntary millionaire's tax work in the U.S.?

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By the time you read this, you may have missed the opportunity to join in this interesting dialog and question of the day by CNN political critic and journalist Jack Cafferty. But it is still worth going to his site to read the responses and his entire commentary on the subject as I am doing. clipped from caffertyfile.blogs.cnn.com With the U.S. drowning in a monstrous $13 trillion national debt, it's clear we need to consider any and all options to stem the tide.This may be an idea worth taking a look at... then again, maybe not.A group of 51 German millionaires and billionaires is volunteering to give up 10 percent of their income for 10 years to help with that country's finances.CNBC reports that these uber-wealthy Germans founded a "Club of the Wealthy"... and proposed the so-called "rich tax" to Chancellor Angela Merkel.Germany, like much of Europe, is in the midst of tightening its fiscal belt... as the country debates an upcoming $80 billion Euro au…