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I think the real thing is that Buffet knows that wiring your fortune to the IRS is a perilously stupid way to do good with your money; just statistically such a
by dnautics 5y ago
I think the real thing is that Buffet knows that wiring your fortune to the IRS is a perilously stupid way to do good with your money; just statistically such a huge chunk of that will go to, say, bombing children halfway around the world, bureaucracies that spend money better than actually provide healthcare, and anti-poverty programs that are better at lining the pockets of 'social entrepreneurs' that are better at writing grants than providing services to the poor.
If you do actually believe that the federal government is the most efficient way to redistribute wealth, at least earmark it to killing the debt, which is an unethical institution (you cannot go back in time and vote against spending that your generation is forced to pay off; it's taxation without representation)
https://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm https://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm
- ericmay 5y agoIt’s fine if he thinks it’s stupid, but then he shouldn’t complain that he doesn’t pay enough either as if only he could pay more then he would do so. BS! I don’t have a problem with the guy or with his wealth, but the whole “oh but if they’d only tax me” thing is infuriating. Hell, he could just endow any number of non-Ivy League schools and pay for kids to go to college.
- dnautics 5y agoExactly this. I don't even make nearly as much as warren Buffett and I'm actively contributing to an unrelated kid's (single mom, service worker, spotty job reliability) college fund. You just have to step up and do it one day, or, if you're warren buffet, tell your personal assistant to set it up.
- boringg 5y agoI have a genuine question do you know what Buffets philanthropies do or his plans with his wealth? Or are you just reacting to talking points?
- ericmay 5y agoI'm reacting to his talking points - I'm not sure what his philanthropies will do with his wealth, but I assume not give it to the IRS so I think the point still stands. Anybody who wants to pay more taxes can write the IRS a check. It's very easy to do.