Slayer of the DP Newsbot
- Aug 27, 2005
- Reaction score
- Houston, TX
- Political Leaning
NEW YORK — Forty of America's billionaires and their families pledged Wednesday to give more than half of their fortune to charity in a drive organized by Bill Gates and Warren Buffett.
The group includes CNN founder Ted Turner, New York Mayor Michael Bloomberg, Oracle co-founder Larry Ellison and Hollywood director George Lucas, as well as Microsoft mogul Gates and investment guru Buffett.
The idea, announced just six weeks ago as "The Giving Pledge," was thought up by Gates and Buffett to convince billionaires to give most of their money -- 50 percent or more -- to charity.
The total from this drive alone totals well over half a trillion dollars, if the rest of the billionaires follow suit. With that in mind, I ask this? Who the hell needs the government, when the money they collect is squandered on operating expenses? Want to end hunger in America? I think Gates and company have found the perfect way to do it.
Now, about ending those Bush tax cuts?. A few years down the road, I believe that Gates and others will ask "How's that working out for you?"
Article is here.