Donate half your wealth: Buffett, Gates tell rich Americans

Jump to Last Post 1-7 of 7 discussions (11 posts)
  1. pisean282311 profile image60
    pisean282311posted 8 years ago

    Warren Buffett and Bill Gates [ Images ], two of the wealthiest people in the world, are urging rich Americans to pledge at least half of their wealth to charities.

    Legendary investor Buffett along with Microsoft  founder Bill Gates and his wife Melinda Gates are leading an initiative asking wealthy Americans to commit majority of their wealth for philanthropy.

    "Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50 per cent of their wealth to charity," Buffett has written in a letter titled 'My Philanthropic Pledge'.

    The letter was posted on the website of 'The Giving Pledge' initiative, being led by the three of them.

    The US has more than 400 billionaires, according to the Forbes magazine. Well known for his wise investment decisions, the 79-year-old Buffett is the chairman of conglomerate Berkshire Hathaway that has invested in diverse companies.

    "More than 99 per cent of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day," the billionaire investor said.

  2. Origin profile image61
    Originposted 8 years ago

    It's a great idea big_smile

    1. pisean282311 profile image60
      pisean282311posted 8 years agoin reply to this

      even i thought so...

  3. Misha profile image67
    Mishaposted 8 years ago

    Smells like a PR campaign...

  4. Daniel Carter profile image77
    Daniel Carterposted 8 years ago

    I think we get better odds of philanthropic help by attending Oprah shows on the off-chance of winning the car. It seems that charities are as riddled with red tape as government. Maybe the best thing to do is for philanthropic Americans to each start a reality show and change someone's life to advertise their incredible generosity, and thus allow all us wannabes to invade their privacy and cry tears of joy. Isn't that the new American Dream?

    Obviously I feel a bit jaded about this subject.

  5. Cagsil profile image81
    Cagsilposted 8 years ago

    Concept? Sounds good in theory only.

    When the wealthy "donate" their(or parts thereof) wealth, then most of the time they donate to only what they feel like supporting, which means they are connected in some other fashion.

    Example: Bill Gates donated $7 BILLION to his and his wife's Foundation for Cancer Research.

    Upon donating he was allowed the tax deduction, while his and his wife's foundation received more money. This may seem like a great idea, but the implementation was weak, because the Foundation used less than 1%(regulators are suppose to monitor a minimum 5%) toward what was claimed that the foundation did.

    I'll agree with's PR B.S.

  6. Good Guy profile image85
    Good Guyposted 8 years ago

    They are doing something that money cannot buy them.  This is wisdom and cleverness together.  Win-win scenario!

    1. Cagsil profile image81
      Cagsilposted 8 years agoin reply to this

      It's a one-sided WIN as you say. wink

      1. Good Guy profile image85
        Good Guyposted 8 years agoin reply to this

        Let's hope the other side wins!

        1. Cagsil profile image81
          Cagsilposted 8 years agoin reply to this

          The only ones that benefit from the wealthy giving their money in donation form is them. wink That is how it is a one-sided win.

          The donation actually does very little.

  7. profile image60
    C.J. Wrightposted 8 years ago

    Keep in mind that not all of Buffet's or Gate's wealth is "actual" Some of it's projected/estimated. It's easy to give away "theoretical" money.
    In my mind, it would mean more if they stated their actual "LIQUID" wealth and gave half away. Otherwise they are simply self premoting.....


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)