Time to donate India’s “corrupt” funds to charity?
If charity is a good thing, what do you do if the funds come from murky, or corrupt, dealings?
If that wasn’t a delicate enough issue, Buffett was asked at a press conference whether foundations should accept money from dubious sources.
Buffett, a straight talker who is one of the world’s richest men, had a simple answer.
“That child who receives that vaccine that saves his life is not going to question the source of that money,” Buffett told a press conference.
A report by U.S.-based research group Global Financial Integrity in November estimated India had lost $462 billion in illegal transfers over the past six decades, with $16 billion illicitly moved overseas each year between 2002 and 2006.
So, if some of those funds end up in charitable foundations, will anyone mind?
Perhaps the government could offer an amnesty for “black money” offenders – in exchange for them donating their illegal proceeds to charity.