|
What if you had US$30 billion, knew the limits of your earthly life and wanted to ensure the money was used wisely for future generations? What would you do?
If you are really concerned about global warming, US$30 billion could certainly be well spent forging global resources (and securing much more funding) to reduce our carbon footprint. The money could be invested to develop alternative energy sources, enhance the efficient use of current fuel sources, build nuclear power plants and more.
Or, if you prefer to alleviate current human suffering, the US$30 billion could be spent enhancing global health through such efforts as eradication of disease and malnutrition, infrastructure improvement for drinking water and waste management, better preparedness for catastrophic weather and seismic events. Enhanced education, communication and transportation could also be provided on a global scale.
While my question may seem to be purely a hypothetical exercise, it was a real question for Warren Buffett, the venerable Chairman of Berkshire Hathaway Inc.. His answer: Take the earnings from many years of business investing and give that money to the Bill and Melinda Gates Foundation. The Gates Foundation's goal is "bringing innovations in health and learning to the global community".
He could have given all or part of his wealth to organizations addressing global warming. Doing so would surely have impressed devotees of former U.S. Vice President Al Gore's movie, "An Inconvenient Truth". But, Mr. Buffett chose to address a palpable, immediate social good where his wealth could help the most people in a timely fashion. He definitively chose global health as the most significant issue of our generation and of generations to come.
I agree wholeheartedly with Mr. Buffett's choice. But, there are many other issues and many other voices. What would you do? And more importantly, what will you do?
|
Users who posted comments:
Adaminchains (2); agua_doc (1); Anonymous Poster (5); cavitywall (4); electrone (4); GM1964 (4); HydroScot (1); julie (2); LG_Dave (1); MillMatt (2); RHABE (1); Rick@cae (1); Roger Pink (2); Steve Melito (2); STL Engineer (5); Walter Mitty (1)