I'm very disappointed in Warren Buffet - Page 3 - GoFuckYourself.com

$5 submissions · 06-27-2006, 12:13 AM

Hi Webby,

Free market reforms are the boogyman here. Take the Power Industry reform Act. It sought to privatize the state monopoly on power and sure enough a shadowy entity with mystery owners sought to take the transmission corporation off the government's hands as the SOLE BIDDER in a murky transaction. Some senators are saying that this is just another ploy to keep power transmission monopolized and centralized in the same hands that keep power rates in Manila the second highest rates in Asia (next to Tokyo!).

Many of the people that complain against economic liberalization are the cement producers, flour millers, car assemblers, and other corporate entities that survive only because of high tarrifs. Almost all are extremely inefficient and are MORE EXPENSIVE than their import competitors (even after slapping on the tarriff!). Of course, to abolish these tarriffs would "destroy" local "industries". Are these really industries? I define industry as some enterprise that survives because of market dynamics not because of market distortions imposed by government fiat and protectionism.

Indeed, in the CONSTITUTION of the Philippines, foreign ownership and participation in certain parts of the economy are severely restricted. End result: monopolistic practices, high prices, crappy selection, and stunted economic growth.

BUT THERE'S A SOLUTION...... read below

That's one of the dillemmas facing Filipinos--constantly eroding purchasing power. This only gets worse because of the protectionist economy. The Philippines could do well learning from when it deregulated FIRE INSURANCE in 1997. Before 1997 there were only a handful of big family-owned fire insurance companies. Prices were ridiculously high. Not too many people could afford such policies. Claims were problematically and crappilly settled and adjusted. After 1997, due to government pressure, the insurance companies were free to set their own rates. Moreover, foreign companies can come in to set up shop. Now in 2006, there's MANY fire insurance providers, prices have shot downwards, there's TONS of differing packages to choose from, people who used to NOT buy fire insurance now customarily buy it since it's so cheap, and the companies make more money cuz of volume. PLUS, claims adjustment is quicker and more satisfactory because if one company bungles your claim they are under pressure that you might switch to their competitor. Indeed, Fire insurance is one of the FEW things that is cheaper now in the Philippines than 20 years ago. Everything else...food, fuel, land, you name it, is more expensive.

I am not saying that Capitalism fixes everything BUT..... it sure is better than a closed MONOPOLIST system that benefits only a few and erodes and punishes the purchasing power of the majority for the benefit of a minority.

What do you think?

Quote:

Originally Posted by 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.

Webby · 06-27-2006, 01:25 AM

Quote:

Originally Posted by $5 submissions

Hi Webby,

Free market reforms are the boogyman here. Take the Power Industry reform Act. It sought to privatize the state monopoly on power and sure enough a shadowy entity with mystery owners sought to take the transmission corporation off the government's hands as the SOLE BIDDER in a murky transaction. Some senators are saying that this is just another ploy to keep power transmission monopolized and centralized in the same hands that keep power rates in Manila the second highest rates in Asia (next to Tokyo!).

Many of the people that complain against economic liberalization are the cement producers, flour millers, car assemblers, and other corporate entities that survive only because of high tarrifs. Almost all are extremely inefficient sippingand are MORE EXPENSIVE than their import competitors (even after slapping on the tarriff!). Of course, to abolish these tarriffs would "destroy" local "industries". Are these really industries? I define industry as some enterprise that survives because of market dynamics not because of market distortions imposed by government fiat and protectionism.

Indeed, in the CONSTITUTION of the Philippines, foreign ownership and participation in certain parts of the economy are severely restricted. End result: monopolistic practices, high prices, crappy selection, and stunted economic growth.

I am not saying that Capitalism fixes everything BUT..... it sure is better than a closed MONOPOLIST system that benefits only a few and erodes and punishes the purchasing power of the majority for the benefit of a minority.

What do you think?

Hola $5

Your solution (fire insurance) probably says it all. Generally monopolies are better dismantled - they rarely serve anyone other than their owners, and often these "owners" are involved, of have been involved, in governments and managed to swing some deals their way. There are classic examples of that in Latin America - and even when the individuals have arrest warrants out, - they still collect the proceeds from their corrupt deals while on the "chat circuit" with other world leaders.

On a conventional shareholding corp - it's probably equally as bad when they become monopolies, tho can vary. Example.. although we may all moan at Mr Gates and Microsoft, - that was the first corp to establish a "common standard" in operating systems. Up to that time, it was a mish-mash of OS's. (Wether any of the other OS's may have been better as a standard, is another story.)

The flip side is several drug companies ("legalized drugs") who act as tho they are street pushers and dispense solutions for almost every ailment at a grossly inflated price and never actually address any "cure". It's more profitable to avoid going into the "cure business". They earn more out of dealing than drug cartels.

Then there's the ugly side to monopolies - usually with a degree of corruption involved. Example is in South America where the govt sold out water rights to a California-based corp and where the population generally could not afford to pay the ripoff cost of water and started collecting rainwater till there were claims that that also, was chargeable

(They were booted out in the end)

One stage upwards from that is, (and where there are dangers of "free trade") is that governments (of other countries) become the monopoly in a nation. Example being... purchasing the utility services and infrastructure of other countries - soley with a view to a mass ripoff and price increases. That is fairly common in Africa with the US govt and US corps as the "faces".

Overall.. yes, would agree it's vastly superior to open up trading. On average, the benefits exceed all else. At the same time there prob needs to be caution in that having eg six "baby Bells" in total control of a nations telecom system can be abused.

"Free trade" prob also does not mean one-sided trading :-) The idea is all parties benefit. There is a long track record of this being otherwise with some nations and this is where distrust may set in.

In Costa Rica there are moves to dismantle the main utility services from the hands of the government monopoly. They may have served their purpose well initially, but are now totally inefficient, tho prob not excessive in billing.

As a side comment - more amusing than anything else, - the govt here also has a "monopoly" on some local brew. The current President wondered why the government was in the brewing business - so that's another monopoly sipping the last drop out of the glass

From what you said, it does sound like the Philippines is not unlike Latin America and change is inevitable. It is prob also important to have a range of trading partners and not rely on one or two nations.

How is "Imelda The Shoe Lady"? She still in the Philippines or living a life of luxury in a safe haven?

She always reminds me of some past leaders in Latin America - tho the only difference between them and other past leaders is they are more transparent in their corruption

$5 submissions · 06-27-2006, 01:43 AM

Quote:

Originally Posted by Webby

How is "Imelda The Shoe Lady"? She still in the Philippines or living a life of luxury in a safe haven?

She always reminds me of some past leaders in Latin America - tho the only difference between them and other past leaders is they are more transparent in their corruption

She's still alive and kicking and still in the political scene as congresswoman from Leyte (although her daughter Imee is more active politically). This is an object lesson in provincial politics. Each provincial region has their dynastic family clans that they routinely send to the national government irrespective of history. Definitely another piece to the puzzle that is Phlippine politics--entreneched dynasties, entrenched political thinking, closed political and economic systems, steadily eroding purchasing power and consumer confidence. Anyway, I'd write more but I'd rather focus on change I can control--my ability to create jobs and contribute to the economy/social progress that way. I create change through the only person I can truly control....myself. With that thought.... I'm out of this thread.

Webby · 06-27-2006, 02:09 AM

Quote:

Originally Posted by $5 submissions

She's still alive and kicking and still in the political scene as congresswoman from Leyte

hehe.. and the dynasty continues

BradM · 06-27-2006, 02:18 AM

Quote:

Originally Posted by 12clicks

While I applaud his giving to charity, I'm seriously dissapointed with where its going to be spend.
Pissing it away in the third world is like putting it in a pile and setting it on fire. You want to do something good for the world, cure cancer, spend it on childhood deseases here in the US.

the third world?
it will still be the third world long after warren and his money are gone.

Yet again I agree.

Sarah_Jayne · 06-27-2006, 02:28 AM

love thy neighbor doesn't just mean the neighbor in your own country..that is my take on it

Doctor Dre · 06-27-2006, 02:33 AM

Bill Gates started a trend it seems.

12 clicks, he can probably HELP millions of kids lifes become better in the 3rd world... it won't commercialize it, but at least it can stop empdemies, put food on the table for a lot more people then he could help in the US.

Dagwolf · 06-27-2006, 02:53 AM

Who's that? Any relation to Jimmy Buffett?

ixesha · 06-27-2006, 03:07 AM

I think there's a lot of integrity in his decision to donate that much money. It's a staggering amount. The third world needs a societal change before throwing money at it works though, currently it just ends up in the pockets of dictators. But that much money into disease research would be quite amazing, progress, equipment, new labs... wow. I say props to the guy for it.

sacX · 06-27-2006, 03:08 AM

Quote:

Originally Posted by 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.

Never agree with 12clicks he is ALWAYS wrong. The Bill and Melinda Gates Foundation ALREADY have donated 2.6 BILLION to schools in the United States. They by no means are limiting their philanthropy to the third world.

And yes you're normally right about throwing money to the third world, but the whole point of the Foundation is to bring accountability and western style accounting and self-sufficiency to the aid effort.

Listen Gates is way too smart to fall for the run of the mill third world effort. They're demanding accountability and a measurable return on investment. This is why Buffett is donating this amount of money, he KNOWS it will be used responsibly to do the most potential good.

Joe Citizen · 06-27-2006, 03:18 AM

Quote:

Originally Posted by sacX

Never agree with 12clicks he is ALWAYS wrong.

Quoted for truth.

grumpy · 06-27-2006, 05:27 AM

Quote:

Originally Posted by 12clicks

While I applaud his giving to charity, I'm seriously dissapointed with where its going to be spend.
Pissing it away in the third world is like putting it in a pile and setting it on fire. You want to do something good for the world, cure cancer, spend it on childhood deseases here in the US.

the third world?
it will still be the third world long after warren and his money are gone.

Whats your contribution? He is giving away 95% of his money.

Webby · 06-27-2006, 05:37 AM

Quote:

Originally Posted by grumpy

Whats your contribution? He is giving away 95% of his money.

Eh?

12Shit's contribution to global enhancement is 500,000 copies of free scumware deposited onto PC's across the planet.

psili · 06-27-2006, 06:00 AM

Learned an interesting tidbit this morning: He's also giving about $3 billion to his late wife's, Susan Thompson Buffet Foundation - an abortion rights group in the US.

And after reading a bit more about the BMGF, it does seem they approach charity in a different manner than just dumping money off in different places; they take the time and effort to put their backing behind measurable and attainable goals. So instead of just giving money to other charities, for example, they actively invest large sums of money for R&D to invent vaccines that can then be cheaply reproduced, requires little to no refrigeration and can save millions of lives. Pretty respectable, if you ask me.

ADL Colin · 06-27-2006, 06:11 AM

A worthy cause?

I say free breast augmentation surgery for all women everywhere. This is the kind of social welfare I could "support".

E$_manager · 06-27-2006, 06:20 AM

Quote:

Originally Posted by psili

Learned an interesting tidbit this morning: He's also giving about $3 billion to his late wife's, Susan Thompson Buffet Foundation - an abortion rights group in the US.

this is incredible!

12clicks · 06-27-2006, 06:41 AM

imagine the conversations that could take place on the board without the likes of webby, joe citizen, and directfiesta.

Sharpie · 06-27-2006, 06:44 AM

A few weeks ago, Bill Gates announced that he was retiring from the day to day operations at Microsoft to run his charities. Now we know why! Just imangine the two most successful and richest men in the world pooling their efforts? Can you imangine a charity run like a BUSINESS? Wow - what a concept. And these people don't need to skim money off to live like kings...they already do, if they want.

This is truly a legacy and an unselfish act by Buffet. Instead of leaving all his money to various charties in his own name to be a legend, he leaves it to someone accountable, who he trusts will run it like it should be run after he is gone.

Looks like very ambitious goals & not all 3rd world, and with enough money to at least make a dent.

"fighting such diseases as malaria, HIV/AIDS, and tuberculosis -- and on improving U.S. libraries and high schools."

directfiesta · 06-27-2006, 06:55 AM

Quote:

Originally Posted by 12clicks

imagine the conversations that could take place on the board without the likes of webby, joe citizen, and directfiesta.

Sure can ....

Would look like Mississipi in the 60's with the KKK ....

polish_aristocrat · 06-27-2006, 06:56 AM

Quote:

Originally Posted by Worldnet

Fuck third world.

and then you wonder why third world says the same about America

pussyserver - BANNED FOR LIFE · 06-27-2006, 07:19 AM

Quote:

Originally Posted by 12clicks

While I applaud his giving to charity, I'm seriously dissapointed with where its going to be spend.
Pissing it away in the third world is like putting it in a pile and setting it on fire. You want to do something good for the world, cure cancer, spend it on childhood deseases here in the US.

the third world?
it will still be the third world long after warren and his money are gone.

Buffet is a rich man I doubt he would expect you or anyone else below his position to understand the choices he makes

the Bill and Melinda gates foundation has 100's of programs they sponsor throughtout the U.S. and abroad. Being that he is a real buisness man he knew that to scale up his on charitable orginazation would not be as smart as giving the money to an existing orginazation with a proven track record and headed up by some of the smartest people in the world

again he wouldnt expect anyone beneath his intelectual level to understand such things and I am sure there have been plenty critics ( mostly republicans)

hopefully his example will influence other rich people and drive the reality of mortality home

you cant take it with you

to Mr Buffet

scottybuzz · 06-27-2006, 07:21 AM

Quote:

Originally Posted by 12clicks

a bigger lesson scottybuzz, they were fucked long before they were in debt. They were lent money to solve the same problems buffet will spend money on. didn't work then, won't work now.

whats to say it wont work now...?

look at south korea!!!

. prime example of how americas help has completely changed a 3rd world country into an up and coming economic cash cow.

12clicks · 06-27-2006, 07:37 AM

Quote:

Originally Posted by pussyserver

Buffet is a rich man I doubt he would expect you or anyone else below his position to understand the choices he makes

the Bill and Melinda gates foundation has 100's of programs they sponsor throughtout the U.S. and abroad. Being that he is a real buisness man he knew that to scale up his on charitable orginazation would not be as smart as giving the money to an existing orginazation with a proven track record and headed up by some of the smartest people in the world

again he wouldnt expect anyone beneath his intelectual level to understand such things and I am sure there have been plenty critics ( mostly republicans)

hopefully his example will influence other rich people and drive the reality of mortality home

you cant take it with you

to Mr Buffet

hmmmm, what an odd statement. you go to great lengths to explain that I'm not at his intellectual level because of all he's accomplished yet somehow, any surfer, post whore, or TGP submitter should somehow be on equal footing with me because after all, what I've accomplished doesn't count.

I get it.

Peaches · 06-27-2006, 07:40 AM

Quote:

Originally Posted by Sharpie

A few weeks ago, Bill Gates announced that he was retiring from the day to day operations at Microsoft to run his charities. Now we know why! Just imangine the two most successful and richest men in the world pooling their efforts? Can you imangine a charity run like a BUSINESS? Wow - what a concept. And these people don't need to skim money off to live like kings...they already do, if they want.

This is truly a legacy and an unselfish act by Buffet. Instead of leaving all his money to various charties in his own name to be a legend, he leaves it to someone accountable, who he trusts will run it like it should be run after he is gone.

Looks like very ambitious goals & not all 3rd world, and with enough money to at least make a dent.

"fighting such diseases as malaria, HIV/AIDS, and tuberculosis -- and on improving U.S. libraries and high schools."

We old folks think alike.

12clicks · 06-27-2006, 07:42 AM

Quote:

Originally Posted by scottybuzz

whats to say it wont work now...?

look at south korea!!!

. prime example of how americas help has completely changed a 3rd world country into an up and coming economic cash cow.

ok, now take warren's money (a sum far less than our investment in south korea) spread it around several third world countries, and explain how it will change anything.

yes, for the calander year he gives it, some kids will live. So they die a year later. not money well spent imo.

pussyserver - BANNED FOR LIFE · 06-27-2006, 07:46 AM

Quote:

Originally Posted by 12clicks

hmmmm, what an odd statement. you go to great lengths to explain that I'm not at his intellectual level because of all he's accomplished yet somehow, any surfer, post whore, or TGP submitter should somehow be on equal footing with me because after all, what I've accomplished doesn't count.

I get it.

im sorry I have no clue what you are talking about

maybe I missed something because I didnt know this thread had anything to do with your footing or surfers or even TGP's

please clarify as you have completely confused me

12clicks · 06-27-2006, 07:55 AM

Quote:

Originally Posted by pussyserver

im sorry I have no clue what you are talking about

maybe I missed something because I didnt know this thread had anything to do with your footing or surfers or even TGP's

please clarify as you have completely confused me

ok, how's this?
Just as warren shouldn't expect me to understand him because of his superior intellect (as shown by his accomplishments) we shouldn't expect you to understand what I'm saying because of your inferior intellect (again, as shown by my accomplishments)

much like other democrats.

pussyserver - BANNED FOR LIFE · 06-27-2006, 08:08 AM

Quote:

Originally Posted by 12clicks

ok, how's this?
Just as warren shouldn't expect me to understand him because of his superior intellect (as shown by his accomplishments) we shouldn't expect you to understand what I'm saying because of your inferior intellect (again, as shown by my accomplishments)

much like other democrats.

wow

intelectualy I am more then likely inferior to millions of people on this planet

you could never be one of them

in fact I would go so far as to say that judging by your opinions statements and positions you are most likely around the lower rungs of the intelligence ladder.

not the greatest but indeed an acomplishment nonetheless cheers to you

12clicks · 06-27-2006, 08:19 AM

Quote:

Originally Posted by pussyserver

wow

intelectualy I am more then likely inferior to millions of people on this planet

you could never be one of them

in fact I would go so far as to say that judging by your opinions statements and positions you are most likely around the lower rungs of the intelligence ladder.

not the greatest but indeed an acomplishment nonetheless cheers to you

fantasy land is a wonderful place.
sucks when you get a dose of reality, eh?

Tdog · 06-27-2006, 08:23 AM

The guy needs to take all him money and revamp the school system.

pussyserver - BANNED FOR LIFE · 06-27-2006, 08:31 AM

Quote:

Originally Posted by 12clicks

fantasy land is a wonderful place.
sucks when you get a dose of reality, eh?

again no clue what you are talking about

maybe someone following this thread can point out and translate the part where you made sense

as it stand now I am sure most of us are wondering if you are on some sort of meds or not

in any case im done with you as I have said before I refuse to do a battle of wits with an unarmed man

carry on kiddie show daddy you know how to work the keyboard

Joe Citizen · 06-27-2006, 08:32 AM

Quote:

Originally Posted by pussyserver

again no clue what you are talking about

Surely you didn't expect anything else from a spyware and scumware pusher?

12clicks · 06-27-2006, 08:33 AM

Quote:

Originally Posted by pussyserver

again no clue what you are talking about

maybe someone following this thread can point out and translate the part where you made sense

as it stand now I am sure most of us are wondering if you are on some sort of meds or not

in any case im done with you as I have said before I refuse to do a battle of wits with an unarmed man

carry on kiddie show daddy you know how to work the keyboard

sucks being slapped down, eh picture taker?
you can avoid that by quoting someone else when you want to make your idiot posts.

12clicks · 06-27-2006, 08:36 AM

Quote:

Originally Posted by Joe Citizen

Surely you didn't expect anything else from a spyware and scumware pusher?

that one month punishment with no internet you mom laid on you is over, a dick pack?

pussyserver - BANNED FOR LIFE · 06-27-2006, 08:36 AM

Quote:

Originally Posted by 12clicks

sucks being slapped down, eh picture taker?
you can avoid that by quoting someone else when you want to make your idiot posts.

this is crazy I still have no clue what you are talkin about

WOW

directfiesta · 06-27-2006, 08:40 AM

Quote:

Originally Posted by pussyserver

this is crazy I still have no clue what you are talkin about

WOW

You pull on the string, and random one sentence spurts comes out, just like with this Bugs Bunny doll :

Notice the ring, 12Shits , then go look in the mirror ... I am sure you have one of those ....

pussyserver - BANNED FOR LIFE · 06-27-2006, 08:42 AM

Quote:

Originally Posted by directfiesta

You pull on the string, and random one sentence spurts comes out, just like with this Bugs Bunny doll :

Notice the ring, 12Shits , then go look in the mirror ... I am sure you have one of those ....

12clicks · 06-27-2006, 08:47 AM

Quote:

Originally Posted by pussyserver

this is crazy I still have no clue what you are talkin about

WOW

that was evident when you made your first post in this thread.
you really should stick with the "would you hit it" threads.

pussyserver - BANNED FOR LIFE · 06-27-2006, 08:54 AM

Quote:

Originally Posted by 12clicks

that was evident when you made your first post in this thread.
you really should stick with the "would you hit it" threads.

hmmm I actualy have never posted in a would you hit i thread

still no clue what you are talking about

are you slightly deranged??? just a tad retarded??? Some type of drug adict??

something is definitely wrong with you and I can see it in every post

im sorry for you and seriously

REALLY being serious here

if there is something I can do to help you ( seriously) please feel free to ask

I am sorry for my other post I wish I could edit them but your pain was not obvious to me at the time

please accept my apology I would never intentionaly make fun of someone in your situation

may your god bless your soul you poor little guy

now I feel bad

I should have caught on to your plight right away

good luck....ok

12clicks · 06-27-2006, 09:06 AM

Quote:

Originally Posted by pussyserver

in any case im done with you

yet you prattle on.
keep chirping little bird.

Kla wolven · 06-28-2006, 01:37 AM

Quote:

Originally Posted by 12clicks

While I applaud his giving to charity, I'm seriously dissapointed with where its going to be spend.
Pissing it away in the third world is like putting it in a pile and setting it on fire. You want to do something good for the world, cure cancer, spend it on childhood deseases here in the US.

the third world?
it will still be the third world long after warren and his money are gone.

I see something is missing in you men, and that is "Love" in every people in the world. Maybe no one helps you that is why you are like that. sorry

Im happy to hear and read people like Mr.Buffet is still helping other people around the World specially on Thrird world countries.

God Bless you!! Mr. Warren Buffet

"To all you cant bring all your money to the grave!"

.................................................. .................................................. .

godisdead · 06-28-2006, 01:57 AM

Quote:

Originally Posted by Mike33

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.

wise words! I agree.

I would actually say that free trade and property rights alone would be sufficient. Business and education will then appear on their own.

sacX · 06-28-2006, 02:22 AM

Quote:

Originally Posted by 12clicks

While I applaud his giving to charity, I'm seriously dissapointed with where its going to be spend.
Pissing it away in the third world is like putting it in a pile and setting it on fire. You want to do something good for the world, cure cancer, spend it on childhood deseases here in the US.

the third world?
it will still be the third world long after warren and his money are gone.

Why don't you read their website? They've already spent 2 billion on US high schools.

They're actually spending a lot of money researching the diseases instead of just handing out the money to foreign governments. They are using business style methods of accountability.

Why · 06-28-2006, 02:27 AM

i wonder how much Bill soaks out of his foundation just for being the president of it. i bet his personal lifestyle bills are off the hook expensive. something has to pay for that. i trust all of about NO charitable foundations.

Why · 06-28-2006, 02:32 AM

p.s. i used to live in washington state. and i dont know a single fucking person one whose life has been touched by bill and his 'generousity' giving computer pre-installed with windows to little kids is not good for the community folks. its good for old bills pockets.

Paul allen on the other hand... he does a lot of shit for local communities. he paid a quarter million to put a softball diamond in my hometown. 4 of them actually. he also was a major funder for the experience music project in seattle. at least his givings are measurable. unlike bill's.

Twisted Dave · 06-28-2006, 02:49 AM

Quote:

Originally Posted by 12clicks

While I applaud his giving to charity, I'm seriously dissapointed with where its going to be spend.
Pissing it away in the third world is like putting it in a pile and setting it on fire. You want to do something good for the world, cure cancer, spend it on childhood deseases here in the US.

the third world?
it will still be the third world long after warren and his money are gone.

Tuff. It's his money and your opinion doesn't matter.

I think you're utterly wrong anyway... Do you give a dying cancer victim a glass of water, and say "can I get you anything else?", or do you just say "ah fuck him, he's gonna die anyway"...

?

The help that money would give may not affect long term, but it could ease the lives of SO many people that will NEVER get help...

In the western world, everyone has a chance for help... already.

Webby · 06-28-2006, 03:18 AM

Quote:

Originally Posted by Why

Paul allen on the other hand... he does a lot of shit for local communities. he paid a quarter million to put a softball diamond in my hometown. 4 of them actually. he also was a major funder for the experience music project in seattle. at least his givings are measurable. unlike bill's.

Don't know of Paul Allen, but sure folks appreciate what he may have done.

However, when talking of "charity" (that could also be defined as investment), the comparisons between the disadvantage of having a local softball diamond and people who will be dead thru starvation by tomorrow, is a little out of context.

The perspective between real need, disease and starvation and comparing that to computers, softball areas and music projects in the US is too absurd and shows a complete non-understanding of any hardship.

There is no comparison between the US or any other northern hemisphere western country and nations with severe hardship. They all have a life of pampered luxury and totally spoilt in comparison.

sacX · 06-28-2006, 03:44 AM

Quote:

Originally Posted by Why

p.s. i used to live in washington state. and i dont know a single fucking person one whose life has been touched by bill and his 'generousity' giving computer pre-installed with windows to little kids is not good for the community folks. its good for old bills pockets.

Paul allen on the other hand... he does a lot of shit for local communities. he paid a quarter million to put a softball diamond in my hometown. 4 of them actually. he also was a major funder for the experience music project in seattle. at least his givings are measurable. unlike bill's.

Well here's ~100 million right here he's donated for education in Washington state

http://www.gatesfoundation.org/Educa...nounce-173.htm

12clicks · 06-28-2006, 06:57 AM

Quote:

Originally Posted by sacX

Why don't you read their website? They've already spent 2 billion on US high schools.

They're actually spending a lot of money researching the diseases instead of just handing out the money to foreign governments. They are using business style methods of accountability.

why don't you stay on the porch with the other puppies?

I listened to the Buffet news conference. What I heard was from the guys mouth. what you read on Gate's website could be two months old and certainly doesn't have what Buffet said on it.

AmateurFlix · 06-28-2006, 08:35 AM

how many more morons will post in this thread "your opinion doesn't matter" and then proceed to give their own opinion in the very next sentence?

06-27-2006, 02:53 AM	#108
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	Who's that? Any relation to Jimmy Buffett? __________________ Sleep well, and dream of large women.

06-27-2006, 06:00 AM	#114
psili Confirmed User Join Date: Apr 2003 Location: Loveland, CO Posts: 5,526	Learned an interesting tidbit this morning: He's also giving about $3 billion to his late wife's, Susan Thompson Buffet Foundation - an abortion rights group in the US. And after reading a bit more about the BMGF, it does seem they approach charity in a different manner than just dumping money off in different places; they take the time and effort to put their backing behind measurable and attainable goals. So instead of just giving money to other charities, for example, they actively invest large sums of money for R&D to invent vaccines that can then be cheaply reproduced, requires little to no refrigeration and can save millions of lives. Pretty respectable, if you ask me. __________________ Your post count means nothing.

06-27-2006, 06:11 AM	#115
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	A worthy cause? I say free breast augmentation surgery for all women everywhere. This is the kind of social welfare I could "support". __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

06-27-2006, 06:41 AM	#117
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,789	imagine the conversations that could take place on the board without the likes of webby, joe citizen, and directfiesta. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

06-28-2006, 08:35 AM	#150
AmateurFlix Confirmed User Industry Role: Join Date: Jul 2004 Posts: 7,762	how many more morons will post in this thread "your opinion doesn't matter" and then proceed to give their own opinion in the very next sentence? __________________

06-27-2006, 02:28 AM	#106
Sarah_Jayne Now with more Jayne Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 40,077	love thy neighbor doesn't just mean the neighbor in your own country..that is my take on it

06-27-2006, 03:07 AM	#109
ixesha Registered User Join Date: Jun 2006 Posts: 37	I think there's a lot of integrity in his decision to donate that much money. It's a staggering amount. The third world needs a societal change before throwing money at it works though, currently it just ends up in the pockets of dictators. But that much money into disease research would be quite amazing, progress, equipment, new labs... wow. I say props to the guy for it.

06-27-2006, 06:44 AM	#118
Sharpie Confirmed User Join Date: Mar 2002 Posts: 438	A few weeks ago, Bill Gates announced that he was retiring from the day to day operations at Microsoft to run his charities. Now we know why! Just imangine the two most successful and richest men in the world pooling their efforts? Can you imangine a charity run like a BUSINESS? Wow - what a concept. And these people don't need to skim money off to live like kings...they already do, if they want. This is truly a legacy and an unselfish act by Buffet. Instead of leaving all his money to various charties in his own name to be a legend, he leaves it to someone accountable, who he trusts will run it like it should be run after he is gone. Looks like very ambitious goals & not all 3rd world, and with enough money to at least make a dent. "fighting such diseases as malaria, HIV/AIDS, and tuberculosis -- and on improving U.S. libraries and high schools."

06-27-2006, 08:23 AM	#130
Tdog Confirmed User Join Date: May 2006 Posts: 2,707	The guy needs to take all him money and revamp the school system.

06-28-2006, 02:27 AM	#144
Why MFBA Industry Role: Join Date: Mar 2003 Location: PNW Posts: 7,230	i wonder how much Bill soaks out of his foundation just for being the president of it. i bet his personal lifestyle bills are off the hook expensive. something has to pay for that. i trust all of about NO charitable foundations.

06-28-2006, 02:32 AM	#145
Why MFBA Industry Role: Join Date: Mar 2003 Location: PNW Posts: 7,230	p.s. i used to live in washington state. and i dont know a single fucking person one whose life has been touched by bill and his 'generousity' giving computer pre-installed with windows to little kids is not good for the community folks. its good for old bills pockets. Paul allen on the other hand... he does a lot of shit for local communities. he paid a quarter million to put a softball diamond in my hometown. 4 of them actually. he also was a major funder for the experience music project in seattle. at least his givings are measurable. unlike bill's.