Capitalism the Right Way...Kudos...

You won't often hear me say nice things about many billionaires, so pay attention.

Thank you, Bill and Melinda Gates, and Thank you as well, Warren Buffet.

There--it hurt, but I said it in public.

The news that prompted this outpouring of public gratitude was the announcement that Buffet will donate a large portion of his wealth to the Bill and Melinda Gates Foundation, a charity that spends a good part of the Gates fortune on world health and educational issues; and Gates' announcement that he will divorce himself from his Chief Software Architect post at Microsoft to spend more time running the foundation.

Ladies and Gentlemen, this is how capitalism is supposed to work---after using capital to amass more wealth than one could possibly spend in a lifetime, they are working now on attacking Great Problems, in the fashion of the Rockafellers and the Carnegies. With this many resources to throw at the issues (Buffet is bequeathing $31 BILLION) we can expect great strides to be made.

http://www.nytimes.com/2006/06/27/business/27friends.html