COMMENTARY | According to Reuters, wealthy investor-turned-philanthropist Warren Buffett has pledged to donate $1 toward paying down the U.S. national debt for every $1 donated by a Republican in Congress. The amazingly generous offer stems from Buffett's previous comments that the wealthy in the United States should pay higher taxes, to which Republican Senate leader Mitch McConnell reported that Buffett could "send in a check."
Well, Mitch, ol' Warren just put his money where his mouth is. And, to sweeten the deal, Buffett promises $3 for every $1 donated by Sen. McConnell himself.
Aside from making Mitch McConnell look immature and foolish, the famously unassuming billionaire has simultaneously demonstrated two behaviors that should be emulated by all: giving back when you can and practicing what you preach. In a world of hypocrites and big talkers, Warren Buffett has demonstrated that he is a rare straight-shooter.
While not everyone is a fan of Buffett's offer, especially Republicans who feel singled-out and want Buffett's proposal to extend to Democrats in Congress as well, I see little wrong in shaming a group of wealthy politicians to give a little bit of cash to a worthy cause. And, with such little progress being made on virtually any issue by the 112th Congress, perhaps a prod in the ribs is just what the doctor ordered.
Aside from jabbing a complacent Congress in the ribs, Buffett's actions have sent a message to society at large. The message should be amplified and discussed with young people, too many of whom may have only popular culture to show them how to handle wealth.
When was the last time rap lyrics glorified giving money to charity? When was the last time a reality TV star donated a portion of his or her earnings while engaging in philanthropy? When was the last time Hollywood's elites publicly offered to go dollar-for-dollar toward a worthy cause? Too often young people only see celebrities engaging in conspicuous consumption.
When a billionaire like Buffett openly challenges Senators and Representatives to donate money toward a worthy cause, and pledges to match them dollar-for-dollar, we should also heed the challenge. Even if we don't have anything to give, we should champion his message to help set a positive example for future generations.




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