A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes. (BBC)
They say that a fool and his money are soon parted. Evidently these people:
- Are too foolish to think of anything useful to do with their own money.
- Have decided therefore to give it to someone better qualified to deal with it (not a bad idea in principle).
- Have however decided to give it to a bunch of idiots whose only ability is in persuading other idiots to vote for them.
- Evidently assume that other people as rich as they are must also be as foolish as they are, and should be forced into the same foolish action whether they like it or not.
Calling all burglars! These people don't appreciate and can't cope with the money they have. Please relieve them of it without delay.
Bill Gates decided that he had more money than he could use. Did he give it to the government? No, he set up his own charitable organization to make good use of his money. I'm not a big fan of Bill Gates in general, but on this issue he did the right thing. Gold star.
Warren Buffett found himself in the same situation but didn't want to go to the trouble of setting up his own charitable organization. So he put it into Bill Gates's organization instead. Silver star.
