Death Tax advocates dealt another blow

Discussion in 'Politics & Religion' started by saxon, Jun 25, 2006.

  1. saxon


    MASSIVE redistribution of wealth...and without the help of Congress!! :eek:

    NEW YORK (Reuters) - Warren Buffett, the world's second-richest person, is donating about $37 billion -- more than 80 percent of his fortune -- to foundations run by his friend Bill Gates and by the Buffett family.

    Sunday's announcement by Buffett, 75, comes just days after Microsoft Chairman Gates said he would move away from his day-to-day role at the software giant to focus more on charity work, and highlights the close friendship of the world's two richest men.

    That is the largest commitment to a philanthropic cause ever made by one person in the United States, said Stacy Palmer, editor of the Chronicle of Philanthropy.

    "Even if you look at what (John D.) Rockefeller and (Andrew) Carnegie gave historically -- even if you do it in today's numbers, it doesn't come close to that," she said.