a lot of money

Billionaire Warren Buffet, the chairman and chief executive of Berkshire Hathaway Inc, will give away billions of dollars the next several years to a variety of charities, the leading one being the Bill and Melinda Gates Foundation. An initial gift of 1.5 billion dollars gets the ball rolling. Where does the money go? The BMG foundation is mainly involved with fighting third world diseases like malaria, tuberculosis and HIV/AIDS. It also works in education for the poor in these regions.

Good for Warren Buffet. He follows the model of Bill Gates by using their extraordinary wealth for good in the world. It is tough to even get cynical because these poorest of the poor nations don’t have much dealing with multinational corporations. They are too poor to warrant an interest. The greatest challenge faced in these arenas are corrupt governments and private greed when it comes to receiving aid. Hopefully BMG has a better track record than the UN and other groups that have become so compromised by corruption.

I am not going to try to analyse or second guess what is being done by people like Gates and Buffet. So today, I simply say,

“Hats off to the rich guys!”