This post and the resulting discussionÂ are interesting.Â They areÂ prompted by the remarkable Warren Buffett gift of most of his vast fortune to the Bill and Melinda Gates Foundation. My first two reactions on hearing this were 1. How amazing thatÂ Warren doesn’t set up his own foundation to keep his name for posterity. 2. What a testament to the BMG foundation since Buffet is famous for scoping out enterprises which really work.
Since then I’ve heard other comments which minimize the significance of the contribution by comparing the Buffett fortune with all the annual giving in the US or with the amount of money the Federal Government spends and now with this post Free trade has been thrown in for comparison.