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It sounds like an old riddle; if a man who has no need for money is given $US1.77 million, what does he do with it all?

In the Dalai Lama's case, it seems there's an easy answer: give it all away.

The 14th Dalai Lama Tenzin Gyatso was awarded the Templeton Prize, which "honours a living person who has made an exceptional contribution to affirming life's spiritual dimension, whether through insight, discovery, or practical works".

Shortly after winning the award, which included the $US1.77 million prize, the Dalai Lama announced he would donate $US1.5 million to the Save the Children Fund.

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It might be considered the lucky country, but when it comes to natural disasters, Australia isn't always the most blessed.

Bushfires and floods feature annually down under, bringing heartache and loss but also breeding a culture of disaster relief of which we can be proud of.

The only problem is we don't always give what's needed.

A new set of guidelines aims to help ensure that communities in need receive more appropriate post-disaster donations.

The guidelines were created to provide the public with clear advice on how to effectively support a recovery process.

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The sheik of shrieks himself, Stephen King, has joined the call for increased taxes for the mega-rich, who he says are not pulling their considerable weight.

King swung his axe at the American tax system in an article published on The Daily Beast, where he chastised the system for continuing to allow the rich to contribute less than their fair share.

If this is all sounding a bit familiar it might be because billionaire CEO of Berkshire Hathaway Warren Buffett called for similar changes last year, insisting that the “extraordinary tax breaks” afforded to the mega-rich should be binned.

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