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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOne billionaire you can admire
A billionaire pledges to give away 80% of his wealth to cancer research.
http://finance.yahoo.com/news/billionaire--i-want-to-be-broke-by-the-time-i-die-211959845.html
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One billionaire you can admire (Original Post)
packman
Nov 2014
OP
Niko
(97 posts)1. Why not 99%?
He'd still have over 10 million dollars left if he gave away 99%.
ctaylors6
(693 posts)2. He said he plans to be broke when he dies
He's already given away 80% and plans to give away more.
At least that's how I read the linked article.
azmom
(5,208 posts)3. They all need to give the money back.
No one earns billions of dollars. Somewhere along the line there were some shenanigans .
Raine1967
(11,589 posts)4. I had serious issues with his son;s political ideology, but if I *had* to choose a republican
nominee, I would have liked John Huntsman, Jr.
His father is not a bad man, not from anything I have seen. Jon Huntsman, Jr. wasn't a bad person either. It a shame the polical discourse would not let that happen.
I disagree with him about privatization, but I appreciate what he is doing.
Huntsman doesnt believe that public funding works with cancer research. Weve tried to have public and private partnerships but you know its hard to work with a bureaucracy, he says. According to Huntsman, private research holds scientists accountable. Unlike with government bureaucracy, Huntsman says his researchers are, not in a situation where people dont care about them or have lost them in the shuffle somewhere. We feel that private philanthropy is far more effective and productive.
According to a study in the New England Journal of Medicine, public funding for medical research in the United States has stalled since last year's government shutdown and the automatic spending cuts known as the sequester went into place. The National Institutes of Health took a 5.5% funding cut-- a total of $1.55 billion-- in March 2013 and has seen a 25% decrease in funding since 2003.
According to a study in the New England Journal of Medicine, public funding for medical research in the United States has stalled since last year's government shutdown and the automatic spending cuts known as the sequester went into place. The National Institutes of Health took a 5.5% funding cut-- a total of $1.55 billion-- in March 2013 and has seen a 25% decrease in funding since 2003.
It should not be this way.