German Millionaires Support Democracy

Remember those super rich folk from the USA who decided to donate half their money? Well, that’s not the German way – and for good reason!

In an interview with Der Spiegel, a German millionaire explains why he thinks it’s best for the state to decide where money should be spent in a democracy.

SPIEGEL: Forty super wealthy Americans have just announced that they would donate half of their assets, at the very latest after their deaths. As a person who often likes to say that rich people should be asked to contribute more to society, what were your first thoughts?

Krämer: I find the US initiative highly problematic. You can write donations off in your taxes to a large degree in the USA. So the rich make a choice: Would I rather donate or pay taxes? The donors are taking the place of the state. That’s unacceptable.

SPIEGEL: But doesn’t the money that is donated serve the common good?

Krämer: It is all just a bad transfer of power from the state to billionaires. So it’s not the state that determines what is good for the people, but rather the rich want to decide. That’s a development that I find really bad. What legitimacy do these people have to decide where massive sums of money will flow?

SPIEGEL: It is their money at the end of the day.

Krämer: In this case, 40 superwealthy people want to decide what their money will be used for. That runs counter to the democratically legitimate state. In the end the billionaires are indulging in hobbies that might be in the common good, but are very personal.

Read the rest on Spiegel Online.

Be Happy by Working and Spending Less

We first looked at curbing consumerism for better living theme back in 2007 and now the idea is spreading. Now, thanks to the ongoing recession, people are learning that all the stuff they bought didn’t really make them happy so they are getting rid of all their stuff.

When you start buying less you have more disposable income to spend on experiences, and that, my friends, is the key to happiness. What are you going to talk about and remember fondly in ten years, the concert you went to or the new shoes you bought?

Here’s a story about a person who downsized their junk and upsized their fun!

Tammy Strobel wasn’t happy. Working as a project manager with an investment management firm in Davis, Calif., and making about $40,000 a year, she was, as she put it, caught in the “work-spend treadmill.”

Today, three years after Ms. Strobel and Mr. Smith began downsizing, they live in Portland, Ore., in a spare, 400-square-foot studio with a nice-sized kitchen. Mr. Smith is completing a doctorate in physiology; Ms. Strobel happily works from home as a Web designer and freelance writer. She owns four plates, three pairs of shoes and two pots. With Mr. Smith in his final weeks of school, Ms. Strobel’s income of about $24,000 a year covers their bills. They are still car-free but have bikes. One other thing they no longer have: $30,000 of debt.

Keep reading at the New York Times.

Here’s some info on how to stop shopping.

The Super Rich Have a Super Nice Pledge

Thirty-eight US billionaires have pledged to give at least half of their total wealth to charity during their life or after their death. Warren Buffet and Bill Gates (who have previously donated very large sums of money) have made an impression on other extremely wealth individuals in the USA with their new organization The Giving Pledge.

The campaign was started in June to convince US billionaires to give away at least half of their fortunes either during their lifetimes or after their deaths.

“We’ve really just started but already we’ve had a terrific response,” Mr Buffett said in a statement.

He added: “The Giving Pledge is about asking wealthy families to have important conversations about their wealth and how it will be used.”

Those who pledge their money to “philanthropic causes and charitable organisations” must publicly state their intention through a letter of explanation.

Read more at the BBC.

You Can Help a Bike Sharing Program Come to Toronto

Readers of this site know that bicycles are great and that we like bike sharing programs, well, now it’s Toronto’s turn to get on the Bixi bandwagon. We’ve looked at Bixi before when they opened in Montreal.

The city of Toronto will approve Bixi to open next year in Toronto IF they an get 1,000 members before this November. If you are free tonight you can sign up for a Bixi membership at the Bixi Bash.

Here’s info on Bixi from the Toronto Star

“It’s pretty inexpensive, even if you’re just going to use it once a week,” said Daniel Egan, the city’s manager of pedestrian and cycling infrastructure. “There are a number of milestones we need to achieve by the end of November in order to launch this for next year. And one of those is to sign up 1,000 members. It’s really to protect the city and the (BIXI) company from financial risk — to know there’s a demand for this.”

The city will also need to secure $600,000 in corporate sponsors and locate appropriate docking sites. Both are well underway, says Egan.

“Quite frankly I think our biggest challenge will be the demand for more bikes once this program launches,” said Egan.

The ruggedly designed bikes are adjustable and designed to fit all body types. The wheels generate electricity to power the fixed-on lights.

Keep reading at the Star.

Plastiki Completes its Voyage

We looked at the Plastiki before when it set sail and now, a few months later the ship has completed its voyage.

The boat, carrying six crew, travelled through a waste-strewn area of the north Pacific and made stops in the Line Islands, Western Samoa and the French territory of New Caledonia before leaving for Australia.

The Plastiki’s bottles are lashed to pontoons and held together with recyclable plastic and glue made from cashew nut husks and sugarcane, while its sails are also made from recycled plastic.

The crew relied on renewable energy including solar panels, wind and propeller turbines and bicycle-powered electricity generators, and used water recycled from urine.

They were able to keep in touch with supporters via satellite through a website, blogs, and use of social-networking sites such as Twitter.

Keep reading about the Plastiki’s adventure

Scroll To Top