Tuesday, June 27, 2006

Opinion: Another take on Warren Buffett's gift

I'm just back from vacation, and still trying to get to the bottom of my inbox, but this caught my eye. Over at the Huffington Post, Nora Ephron offers a different spin on Warren Buffett's gigoonda gift to the Gates Foundation. Snip:
Warren Buffett is 75 years old, and the mind reels at how much good he could have done had he given away just a little bit of his money in the years since he became the richest (and then second-richest) man in the world.
[I]n this era when you can do so much with private money (especially given the fact that the government does so little), it's tragic to think that Buffett sat on his for so many years -- and that he may have encouraged other billionaires to sit on theirs. If Buffett had just given away $250 million a year -- which is what people like him call "a rounding error" -- there's no telling what he could have done. A disease might have been cured. A symphony might have been written. The life of a sick child might have been saved.

Yeah, but I think Buffett's gift sticks a timely finger in the eye of republican wailing for a permanent repeal of the estate tax. Buffett said he's not in favor of "dynastic wealth," and it seems like that's exactly what House republicans are insisting on. Shame on them, and thanks, Warren, for showing us how it's done.

1 comment:

shravni said...

i really think what warren has done is worth applausing