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Originally Posted by Matiz
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All these companies operate worldwide and make their profits worldwide. So, as Warren Buffet didn't make his wealth only in the US, why shouldn't he give it back to the whole world?
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I don't believe I said he should limit it to the USA only - what I was saying was I think it would be more appropriate to spend it in the communities of those who have helped him build his fortune. Whether that is in the USA exclusively or near a manufacturing center in India etc depends upon where the business has been done. If he's utilizing the resources of a community (i.e. the people, their education, etc) then those would be the best places to begin with charity work, where ever that is. I rather doubt many 3rd world countries are on that list though.
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Second, it doesn't matter whether he or someone else owns the shares of these companies - the jobs in the US will not suddenly vanish.
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I never implied that they would. What I said would vanish was investment capital, which is going to be as important for future growth as any job is today. Someone does typically need to invest in a business before a job opens up for someone else, and that money has to come from somewhere.
That being said, this is all rather academic. He may be the 2nd wealthiest individual in the country however his total assets are probably a drop in the bucket compared to many corporations. So his actions aren't really going to cause any type of significant harm here on their own even if he were to give it entirely to some other region that would squander it. It just seems foolish to commend someone for making one's own area, or areas they have built businesses in, poorer to some degree.