I read articles where they say that people like warren buffet and other billionairs that they donate millions of $ to poor countries. But how come we don't see any change? No development and there is still poverty? What happened to alll the money donated? I heard warren buffet donated 90% of his money? I am really curious.....
Buffet donates $2 Billion a year to the B&M Gates Foundation and while that sounds like a lot it isn't, comparatively speaking and with capital growth factored in.
Gates & Buffet are both still listed in the Top 3 wealthiest men alive according to most estimates yet the media tells us that they are great philanthropists?
Gates and Buffet are following in the footsteps of John D Rockefeller who was hated by most people, for most of his life. Towards the end of his life he wanted to change his public persona so he hired the pioneer of propaganda and public relations (Edward Bernays) to create a public relations campaign to sway public opinion - and they were of course successful. The name of the game that they play is called
perception management'.
As they say - the rest is HIS STORY!
Actually, there are statistics how global poverty has been reducing, infant mortality is reducing, literacy rates are going up in poor countries. We are already going for better, all the time, but we can't see it as we are not there and we haven't seen the past either.
The biggest problem with Gates and Buffet is that they continually ask for higher taxes and more government spending. Yet, they do their best to hide their own money and control where and how it is spent. If they truly believed that government was the answer, they wouldn't have their charities, they could give their money straight to the government.
But, of course, Buffet's company is in the business of helping people avoid taxes.