He’s giving away the vast majority of his wealth. He’s the literal embodiment of the opposite of what you’re saying.
Didn’t he retract from the Gates foundation last year. His children will be in charge of it to “donate”. I don’t know the specific mechanics but seems like it’s a good way to simply give it to your kids. They all run types of charities.
Not to rain on anyone's parade but it is important to note that philanthropic trusts are an excellent way to avoid taxes.
Agree, I might not have hinted at that strong enough. It might have some philanthropic end uses but last time I remember looking at his kids charities, they were very strange.
You can argue that no one should be able to accumulate that much because in the wrong hands it's too much power.
But that doesn't mean everyone who has made that much money is evil.
Buffet is one of the rare good ones. IIRC he has talked how absurdly little he pays in taxes and that it makes no sense rich pay so little.
for the record I like Grandpa Buffet, but this statement made by rich people is vomit inducing. If they are so eager to pay more, why not donate the money to the gov? Or instead why not take the money they would’ve donated and distribute it amongst the population based on income? People complain they don’t pay enough taxes, then continue because nobody else is doing it and it would put them at a disadvantage.