“Buffett says the rich should give back both in taxes and philanthropy.
“They may think they did it all by themselves, but the society has done an awful lot for them,” he says. “So you ought to have a taxation system, but also a personal value system where a lot of that goes back to the people who got the short straws in life.” “

The whole article is at: http://moneynews.newsmax.com/streettalk/warren_buffett/2009/10/30/279371.html

Mark Blumberg is a lawyer at Blumberg Segal LLP in Toronto, Ontario.  To find out more about legal services that Blumbergs provides to Canadian charities and non-profits please visit https://www.canadiancharitylaw.ca or http://www.globalphilanthropy.ca He can be contacted at mark@blumbergs.ca or at 416-361-1982.

This article is for information purposes only. It is not intended to be legal advice. You should not act or abstain from acting based upon such information without first consulting a legal professional.