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Billionaires Give Away Money But Will Muddle Along On Remaining Billions

BILL Gates and Warren Buffett (£96bn combined) have led a The Giving Pledge campaign that will see 40 billionaires give away half their fortunes to charity and “good causes”. If this still leaves you with a billion or more in the bank, then grandstanding your generosity – you get to write letter explaining how nice you are to the world – may not lead to a big reduction in living standards for the donors.

And then the donors can pledge to give the money after they die. Sign up now and Buffett will stop asking you to sign up. Although if you delay singing up long enough he may start offering inducements, like a free tumbler, a free tumbler factory or to have France renamed in your honour.

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Posted: 4th, August 2010 | In: Money | Comment