Unless you are living on Gilligan’s Island, you have probably read about the pledge that Warren Buffet and Bill Gates are asking billionaires to make, which is to donate half of their money to charity. No question that charitable organizations have been suffering over the last three years with the stock market meltdown, but is spending the vast parts of their fortunes on eradicating different health-care issues and solving educational problems the best way to utilize their wealth? What about investing in the economy that has made their billions?
No one can debate that improving the physical and mental well being of the planet is a worthy cause. Yet, the stress and strain the U.S., and, for that matter, most of the world is crumbling under is lack of investment capital and jobs. Right now, banks are still leery about loaning money to small business. Professional venture capital funds prefer to invest in companies with existing revenues and there isn’t enough angel capital to go around.
To read the full, original article click on this link: How Bill And Warren Can Turn Around America - The Philadelphia Bulletin
Author: Marc Kramer
