Last night I ran across an interesting article in one of the local Saigon rags at the restaurant I was having dinner at. Luckily the article was actually snagged from Forbes, so it had enough reliability for me to take note and pass on some interesting tidbits to our readers.
Apparently last October Warren Buffet, currently the world’s wealthiest man, challenged Forbes 400 richest Americans in a bit of a wager. He said that he would give 1 Million to charity, if they collectively (or at least the majority of them) would admit to paying less tax than their secretaries.
Buffet went on to speak to Congress the following week as an advocate to keep the estate tax.
Buffet says that, “Dynasty wealth, the enemy of meritocracy, is on the rise.”
Warren gives 5% of his wealth to charity every July. Considering that his fortune is worth 62 Billion, but 10 Billion from last year, this is no small chunk of change. Interestingly enough, a good majority of this he actually gives to the Bill and Melinda Gates Foundation. This is good to know in looking at the Gates Foundation’s philanthropic numbers, as Warren pads their figures significantly.
Enjoy,
Miel
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