If I was Bill Gates rich I would take all my wealth and donate it ALL. I would only leave enough for me to live out the rest of my days on a budget of about 60-80k dollars a year.
Its easy to say that when you dont have the wealth to back up your words, and ideally we all would like to be like that, but it would be really hard to do this if we found ourselves in this position. Not saying you wouldnt donate to needy causes, but donating it ALL and living on $60-80K a yr?
Plus remember that donating doesnt necessarily mean it will end up where you think its going. I would want to think it did, but people are people and nothing is easier to take then money that has been "donated" by "rich" people who think they are "doing the right thing".
Bill Gates is an interesting example because he does donate TONS of money to different causes, but he's also personally involved in a large number of them... Probably for the very reason djpatties said - you can't just assume your money is going to a good cause. I think that's a very noble thing to do as a rich person - not only donate your money, but use your superior education/resources/business sense to try and make the world better.
Bill Gates does donate TONS of money as you say, BUT he also has a house that is probably if not the most expensive house in the world, it is one of the top 5. The property taxes alone on the property are over $1 million a year.
I would find it easier to believe in the rich and their philanthropy when they dont live in huge mansions while donating money to causes that equate down to me (making $65K a yr) giving $50 a week. Yet credit is given to gifts of $50 million or more. For someone worth $30 Billion, $50 million is nothing, literally.
Do you constantly fantasize about being rich?
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If I was Bill Gates rich I would take all my wealth and donate it ALL. I would only leave enough for me to live out the rest of my days on a budget of about 60-80k dollars a year.
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Its easy to say that when you dont have the wealth to back up your words, and ideally we all would like to be like that, but it would be really hard to do this if we found ourselves in this position. Not saying you wouldnt donate to needy causes, but donating it ALL and living on $60-80K a yr?
Plus remember that donating doesnt necessarily mean it will end up where you think its going. I would want to think it did, but people are people and nothing is easier to take then money that has been "donated" by "rich" people who think they are "doing the right thing".
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Bill Gates is an interesting example because he does donate TONS of money to different causes, but he's also personally involved in a large number of them... Probably for the very reason djpatties said - you can't just assume your money is going to a good cause. I think that's a very noble thing to do as a rich person - not only donate your money, but use your superior education/resources/business sense to try and make the world better.
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Bill Gates does donate TONS of money as you say, BUT he also has a house that is probably if not the most expensive house in the world, it is one of the top 5. The property taxes alone on the property are over $1 million a year.
I would find it easier to believe in the rich and their philanthropy when they dont live in huge mansions while donating money to causes that equate down to me (making $65K a yr) giving $50 a week. Yet credit is given to gifts of $50 million or more. For someone worth $30 Billion, $50 million is nothing, literally.