Sydney Blair, Ashley Westcott, Karly Neuberger
If you gained millions of dollars would you become a philanthropist? If so what cause would you give to and how much of your money would you give? If not then why are you keep your money?
Philanthropy. It’s an altruistic concern for human welfare and advancement. It is usually shown by giving of your time, effort, or money. But when you think of philanthropists, most people's first thought goes to people like Mother Theresa. What many people don’t know is that many of the worlds richest people are beginning to take part in giving. There is a new club started by Bill Gates and Warren Buffett simply called The Giving Pledge. When you join this “club” you agree to give away a large majority of your wealth, generally over 50 percent. The leaders of this group, Buffett and Gates, are giving away almost all of their wealth. Buffett has announced that he will be giving 99% of his life time earnings away to various charities. Considering that Buffett is worth $58 billion, that is a lot of money going to charities. Also, the Gates family is helping many world wide issues such as polio, poverty, world population, and many more. As the idea of philanthropy keeps growing, our country’s distribution of wealth is changing, and the world is becoming a better place everyday.
Philanthropists giving their money to charities is a lot more relevant to economics than you would think. First of all, it puts more money into the circulation. Second of all, it is the distribution of wealth by them giving half or more than half of their money to charities.
"The Giving Pledge :: Pledger Profiles." The Giving Pledge :: Pledger Profiles. N.p., n.d. Web. 21 Nov. 2013.
7 comments:
Marais---
If I gained millions of dollars I would become a philanthropist. But i will not just donate to any company. I want the company to be fair and not just take majority of this profits for there own satisfaction like majority of charity organizasions are doing today. They say that the money will go to these children but in all reality only about 10% is really going to them
If I had a had millions of dollars i would be a philanthropist. I would donate to animal shelters and Missouri shores.
Alex Darrington and Levi McKercher
We believe that we would try to accumulate enough wealth to sustain ourselves, but if we reached a large sum of money then we would become philanthropists. We would donate to Russian orphanages and also impoverished African communities that lack ample nourishment.
Amanda Berberich
Yes I believe if I gained millions of dollars I would become a philanthropist. I would donate my time and money to see that it is being put to good use.
Yes, I would become a philanthropist. I would donate to programs like Make A Wish and medical research programs.
Yes, I would become a philanthropist. I would give at least 50% of my money away to medical research and to aid in foreign countries.
This is an interesting trend. As you mention, many of the world's richest people have made philanthropic given a priority in their lives. Just recently, Denny Sanford made another substantial charitable gift. It's interesting to note than many of these wealthy individuals say that they gain more happiness from giving than they do from accumulating wealth.
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