Comments on: Haven’t Gates and Buffett given away their billions? http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: midas360 http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36866 Fri, 16 Mar 2012 18:12:39 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36866 Don’t get me wrong. Everyone has the right to earn as much money as they can but is it just me or do some of these people’s net worth seem exorbitant?

What happens when a select few people become worth $100, $200, $500 billion dollars? We are seeing Apple accumulate over $100 billion in cash. What now?

I mean, after taking out Muammar Gaddafi we learn he had over $200 billion in accounts all over the world. Not to mention all the real estate, gold, etc. he owned too.

At what point is too much, way too much?

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By: TFF http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36852 Fri, 16 Mar 2012 08:44:12 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36852 Some additional thoughts on this:

(1) Finding buyers for billions of dollars of shares isn’t easy, and the sale can depress the share price for a while.

(2) Buffett and Gates receive plenty of recognition for giving away their money, likely boosting their status more than a high placement on the “wealth tables”.

(3) Wouldn’t you want bright/successful people to manage the money as long as they are alive? And sure, their fortunes are mostly in shares of a single corporation, but that share ownership confers a large voice in corporate operations as well as status.

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By: APW100 http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36851 Fri, 16 Mar 2012 08:34:07 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36851 or maybe the wealth tables should include capital donated to encourage others to share wealth…

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By: TFF http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36850 Fri, 16 Mar 2012 08:26:02 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36850 Berkshire Hathaway bought Burlington Northern Santa Fe (a massive railroad conglomerate as big as its name is long) in 2009 (completed February 2010).

As far as energy efficiency goes, I saw some interesting analysis recently that suggests there is far less difference between modes of long-haul passenger transportation than you might expect. Automobile efficiency has been rising, while passenger trains are underutilized (and thus less efficient on a per-passenger basis) than they could be. The key to energy efficiency is thus to travel less frequently and shorter distances.

Of course rail is a tremendous way to move bulk goods.

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By: kritik1 http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36849 Fri, 16 Mar 2012 07:21:42 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36849 When Mr. Buffett invested in the railways (I think somewhere in the mid-west some time last year), correct me if I am wrong on the timing of this investment; but people with low vision criticized Buffetts wisdom as reckless investment. But Mr. Buffett knows where Americans turn when gasoline prices go sky high. The need for modern infrastructure in line with other countries cannot be over-emphasized.

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By: kritik1 http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36848 Fri, 16 Mar 2012 07:07:48 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36848 Articles such as this would inspire Americans to jump start the economy.

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By: kritik1 http://blogs.reuters.com/felix-salmon/2012/03/15/havent-gates-and-buffett-given-away-their-billions/comment-page-1/#comment-36847 Fri, 16 Mar 2012 06:58:41 +0000 http://blogs.reuters.com/felix-salmon/?p=12476#comment-36847 As an american I have full faith as far as intentions are concerned. Both Bill Gates and Warren Buffett have pledged to give away much of their wealth. They may not have given away big chunks but they are definitely on the road to the “giving side” as opposed to others that would like to take away candies from babies; “the ultimate american greed”
I add Bill Gates and Warren Buffet to the Kritik’s Auspicious Title (KAT) of “The American Icons”
The core of greedy americans may damage the economy but there are those benevolent americans that truly practice “Dont be Evil” We need to recognize and honor these brave individuals by putting their photo on the currency bills, airline tickets, cruise and railway tickets … It is not too difficult to initiate such action.

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