V_RocKs

Woj is a great programmer... But he can suck my 50" dick...

Mr. Romance

mixed emotions.....


Mr. Romance

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Webby

Nothing wrong with ecology preservation DF

There is one part of the world who started ploughing down rainforests to make room for cattle grazing to provide cheap hamburgers for the US - till they released their ecological and biological diversity that was worth more alive than dead.

Suppose that's another area Warren Buffett could consider and restore the damage caused by hamburger-flippers and eaters.

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AmateurFlix

No that's not what you said... you said that it's nobody else's business what he's doing, when clearly he is trying to make it everyone else's business by announcing it publically.

then when you didn't like reading my opinion you essentially said that it shouldn't be written because it doesn't effect him... and I pointed out your endorsement of it doesn't really effect anything either...

backpeddle... backpeddle...

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Webby

It's irrelevant what you claim, think or dispute.

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12clicks

and hence, we have you.

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Drake

I actually agree with 12clicks. He's not telling anybody what to do with their money, he's just stating his opinion that he believes Buffet's money could be put to better use.

I don't know much about the Third World or Africa, but it seems to me their is very little infrastructure in these places. There is no free trade between the 3rd world and the 1st world (instead we pilfer their resources and keep them in debt). Third World countries are also culturally bankrupt (religion/superstition over reason) and corrupt (money goes to and stays in African leaders coffers and not to the people who need it).

The solution to these problems is 1) fair/free trade 2) investment (infrastructure/business) and 3) education. Policies combined with finances will accomplish this better than simply pouring money into the corrupt system that exists. We've given billions of dollars in the past 50 years and see no change (and to be fair we've probably received just as much back thru slave labor and resources).

Also, America is slowing sliding into its darkest years. Once international leaders in math, science, and literacy, we are now lagging a great deal. I presume one of the things keeping us afloat is the "brain drain" situation where we still get the top specialists in all fields around the world emigrating to us because the money is here. If that stops we'll find ourselves in trouble. The only real solution to our own problem is a cultural one - we have so much we're lazy and are taking it for granted, but we won't be able to continue living off the gains of our predecessors without putting in some work in the long run.

Snake Doctor

He's not trying to make it everyone's business. He's donating a significant number of shares of his publicly traded company, he is required by law to announce that.

12clicks

I believe as with any spending, it should be put to best use.

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Webby

Only problem there is freedom of speech from unqualified mouths and one-liner trolls never did count - either on GFY or anywhere else.

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Webby

And who are you to decide the best use of another guys personal funds?

Gimme a break

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12clicks

I'm always amazed how the GFY trash will come into a thread were adults are talking about a subject and begin their ever tiring childish nonsense.
too bad we've let the surfers get comfortable here.
Back when I helped grow this board, intelligence mattered (and surfers weren't allowed)

kill another thread Debby, its what you do.

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clickhappy

but youre not dissapointed in us spending a half a trillion dollars in Iraq and us not getting anything out of it?

AmateurFlix

well what they're saying is that it will ultimately end up going to 3rd world nations, which is what this post topic was about. the poor and sick in those countries getting aid isn't bad, it's commendable... however it's important to watch where that aid is coming from and at whose expense.

all of that money of his that is currently invested in US businesses, helping businesses here grow, helping people here have jobs, perhaps helping to finance future growth of our own region, is going to suddenly disappear. it won't come back. not in the form of cash, not in the form of trade, not in the form of opportunities. it will simply vanish.

had he simply kept investing the money here, it would have been a greater economic benefit to this region of course. this means the quality of life would have been incrementally better here, it means some of it would have trickled down to create new jobs here, new opportunities here etc.

failing that, had he given it away to charities that at least help this same community it would have taken away from the regional business capital but at least provided benefits in this area in other ways.

however he is doing neither... it's his money of course to do with as he pleases, however I can hardly commend him for this. his greatest charitable act probably would have been to simply keep investing the way he had been and find a successor to do the same with his fortune after he was no longer able to do so.

Our poor are typically far ahead of the 'poor' in most other nations. nevertheless the quality of life for them is still by definition substandard for their community, and not 'pleasant' by the measure of very many.

I agree that too much is being spent abroad; however the mere fact that the government is wasting more doesn't invalidate any of what I have said either...

heh, good. environmental concerns benefit all living creatures in one way or another. man included.

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Webby

And who are you to decide the best use of another guys personal funds?

The question still stands.

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AmateurFlix

"Debby"

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Joe Citizen

Exactly.

bknoob

hes not leaving a cent to his children, damn

Webby

Even more classic when daily borrowings of around $10 bill/day from other nations are keeping the national credit card topped up.

Some folks/nations earn their living - others are born to leech and decide what is the best way the earners should spend their money.

Like the earners care what the leeches think?

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directfiesta

Why not ?

Scammers and scumware promoters are ....

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AmateurFlix

Staged photo-op taken from home page of msn.com, which is of course owned by his partner in this:



He is DEFINITELY doing a damn good job of making everyone aware of this. Merely selling his shares wouldn't have required him to tell anyone what he was going to do with the money anyway

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Webby

What ya expect from the scumwarescammers of the net? It's just 12shits trying to show scum matters. Back to that word "leech".

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AmateurFlix

LOFL

pot calling the kettle black

didn't your native britain used to have some kind of empire built upon imperialism?

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thekebie

Spending it on the 3rd world helps create and establish a world middle class which gives more people for established US companies to sell shit too.

Webby

So what? It's still none of your business how Buffett spends his money - he can afford the best sources for advice on this - a few degrees above your level.

You gonna be advising Bill and Melinda Gates how to spend their charitable donations next?

Truth is you know fuck all about this - apart from a press conference, - neither does anyone else on GFY or elsewhere until Warren Buffett begins to get specific on his plans.

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Webby

Look within my son - you will learn much. Some learn from history - others become the biggest leechers the planet has ever seen.

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AmateurFlix

He's making his business known to the public and I'm commenting on it. For some reason you seem to have a problem with that, and my response to you about that is

as far as the quality of his "sources for advice" that was never in question. what was being discussed is the effect of his actions and who would be affected by them, and how.

and where on earth did you get that I was advising any of these people on their charitable donations? as far as I know Warren Buffet doesn't have a GFY nick so he probably won't be reading this.

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Webby

OK.. You said that 50 times already - once is enough.

Your opinions are almost 100% unqualified and don't make sense:

If you have any actual points to make - go ahead.

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Webby

Not being sarcastic AF.. What age are you?

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nofx

fuck the IMF

the IMF is fucking the cause of most of it

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AmateurFlix

please tell me that you aren't asking me to explain how his moving wealth from one region's businesses to some other region isn't depleting the source region of some amount of wealth

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AmateurFlix

well I must be younger and less educated than you because I am disagreeing with your position, right?

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fudpuck

I don't think it's just the third world that will get the benefits, I think that's just where it's been the easiest/cheapest place for Bill's wife and dad to make a difference so far. I mean, Gates' charity hasn't even spent much $$ yet. They started it with $4-9 billion...now it's at $29billion before Warren's contributions. Bill and Buffet think big...I guarantee they've got bigger ambitions. Bill has still been working at MS. Once he's done there, he'll eventually spend some money some place people can see it.

Buffet has always worried about the global population, etc...I'd say that will play into it somwhere along the way as well.

What do I know..but Warren's made some pretty good decisions in the past, we'll have to see how this one plays out.

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Webby

I would not ask you to explain that.

If anything, - can't wait, - I asked you why you think this is the case:

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sacX

Originally Posted by 12clicks
"Pissing it away in the third world is like putting it in a pile and setting it on fire."

well they also spend plenty of money in the US too, especially on reforming high schools and improving graduation rates.

$5 submissions.
"I appreciate and recognize the goodness in Buffett and Gate's hearts.... it's all just a matter of METHOD and EXECUTION and ACCOUNTABILITY now."

The reason Buffett is donating to the Gates Foundation is because they ALREADY have a track record of execution and accountability.

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sacX

http://www.gatesfoundation.org/Educa...?showYear=2006

List of grants to US public schools just this year.

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boneprone

I Agree.......

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Webby

True - Overall, ya got to commend folks for showing an interest in practical terms re global populations and environments. It's a huge issue - more than could fill GFY and all sites hosted at Jupiter - and has a bearing on every nation on this planet.

Only my worth, but it's an issue that will be forced on everyone in decades ahead - and we ain't talking about just some donations from Bill and Melinda Gates and Warren Buffett - their contribution, tho an excellent start, - will be wiped in under a day.

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AmateurFlix

you don't see the correlation between the two items you quoted above in that post?

maybe an analogy will help.

let's say that you are America and your pet dog is a 3rd world nation.

take a dollar out of your right pocket and put it into your left pocket. Do you (America) still have the same amount of money as before? of course you do.

now take a dollar out of either of those pockets and give it to your dog (3rd world). watch him chew it up, eat it, and leave only trace amounts of that dollar's fibers in a big steaming pile of shit that he left on your neighbor's lawn.

now do you still have the same amount of money as before?

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Mike AI

Corrupt governments, the lack of codified laws, and the absence of property rights, and free markets doom 3rd world countries to failure - no matter how many billions Gates/Buffet/UN/US or anyone else throws at the problem.

It would have been nice to see Buffet set up a foundation for US Veterans, and their families. Without these guys, Buffet and Gates would not be where they are.

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Webby

Stop rambling and answer the question directly.

The country he made his fortunes in and where he developed his business empire, employed 1000's of people, paid billions in taxation over decades and will probably leave this world having contributed many billions into his country's economy.

The US already has had the "benefits" of Mr Buffett - they are irreversible.

How does that translate to "the country he made his fortunes in will be many billions poorer for his efforts" when they are already much wealthier from "his efforts"??

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$5 submissions

I agree with you to an extent. Many 3rd world countries have the APPEARANCE of codified laws and property rights but they are SELECTIVELY ENFORCED. Also, "capitalism" is often practiced through MONOPOLIES. Hardly free enterprise. A handful of families owning most of the corporations. Serious legal and statutory roadblocks to foreigners coming in and competing with them. And this gets passed off as "NATIONALISM". What a crock of shit. We (third world) definitely could use FREEER Markets. Just my

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boneprone

Whoa....

Where have you been??

Will we ever see ya again at the shows??

Hmmm.. Actually it doesnt matter, I dont go to shows anymore either.

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Industry Hall Of Fame Legend Mike Jones
Bow to the Power - Still BP4L
http://gfyawards.com/hall-of-fame
Learn about it kids.

AmateurFlix

I have answered it both directly and through an analogy that even a simpleton should be able to grasp.

When looking at that steaming pile of dogshit, is the money the dog ate still in your hand?

there may exist a net gain from the time he began building his fortune if that's what you are referring to, however this does not negate the fact that if exists X dollars in today's economy, after this action there will be X minus whatever he takes out of it.

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Webby

Curious $5... Do you see any slight reluctance, or some suspicion, to having more free markets where you are, particularly depending on who wants these free markets?

Definately get that "aura" in Latin America at this time. But that probably stems from NAFTA which did nothing for Mexico, but benefitted the US. With the prospect of, now CAFTA, - in general, it appears to be appreciated, but with great reservations on the detail of this agreement.

Flip side is also that other countries are opening up to possible trade deals with other than the US to avoid being burned by having only one girlfriend.

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Webby

OK.. Nuff said.

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AmateurFlix

"...even a simpleton should be able to grasp"

now it's enough said

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dig420

I actually agree with Ronny....

I heard of a billionaire who gave a speech to the graduating class of a high school and on the spur of the moment decided to endow a scholarship paying the college tuition of every student that graduated from that high school in perpetuity. The grad rate for the high school skyrocketed and has stayed in the stratosphere. If I had a few billion lying around I think that's how I would spend it, funding college educations for poor US students.

Money tends to get lost in the third world, and we're already throwing our mental patients out in the street. We need to clean up our own back yard.

kahell

that is why bill gates take some load off from microsoft so he can manage warren's money. very clever

bdld

agreed, i would have spent it on building more schools, jails, hiring more police officers here in the US. US-made money should stay here.