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Jun 17, 2010


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It's certainly in the grand tradition of Andrew Carnegie (maybe Rockefeller and a few others, too). I think many of today's Really Rich are going to take a "you go first" attitude (Gates is certainly ahead of most - but when you've got a zillion $$, giving away .99*zillion still leaves you with a comfortable sum, and it's certainly preferable to letting Uncle Sam get it when you drop dead. (Inheritance taxes, "death taxes" and all their variants are going to kick in at higher rates next January when the Bush tax cuts expire.) Armies of trust lawyers can only do so much.

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