World's Wealthiest Donate Billions Through the 'Giving Pledge'

ABC News ^ | May 31, 2015 | Ben Siegel

[EveningStar]

How do Warren Buffett and Bill Gates convince the world's wealthiest people to give away most of their fortunes?

The billionaires have organized the "Giving Pledge,” an initiative launched five years ago to convince others to donate at least half of their wealth to charitable causes around the world.

[EveningStar]

The Giving Pledge

Wikipedia

[Diana in Wisconsin]

One of their buddies gave something like 10 million to our local (Socialist) University this past year. Half their fortune.

I’m pretty sure these ‘gifts’ are not going to, say, ‘The Young Republicans on Campus,’ or the like. ;)

[cripplecreek]

They often give their money to each other’s charities.

[jsanders2001]

> They often give their money to each other’s charities.

Instead of a sweetheart lawsuit; its a sweetheart donation.

[SaveFerris]

I prefer The Human Fund.

Money for People^TM

[grania]

How much of their wealth came from the exploitation of third world workers? I’d much rather people had the opportunities to get that billions of excess wealth by working for it.

[RedMDer]

We cannot exist
without you.

Let's Git-R-Done! Monday is June!

We cannot exist
without you.

[Paleo Conservative]

I don’t think Bill Gates has had any good ideas since he turned 40.

[The Ghost of FReepers Past]

Busybodies.

[tiki]

They announce them like they give the whole 10 Mil at once but they structure the actual giving to give them the most tax benefits. Not that I blame them.

[Jack Hammer]

Funny, I had been under the impression that wealthy folks gave away much of their hard-earned dollars every April 15th.

[napscoordinator]

I really wish they would donate it to the debt of the United States of America. We could have that debt paid in 10 years. Yes I know it would be up again in 25 years but we would be better off in the short term at least.

[Diana in Wisconsin]

Love your tagline! :)

[Diana in Wisconsin]

Well, that’s one way to LOOK, ‘charitable.’ *Rolleyes*

[napscoordinator]

Thank you. It is 100 percent true in my opinion. It is so stunning to me that we have so many that don’t see it that way. The super majority of FREEPERS are intelligent and reasonable except with regards to Governor Walker. I still shake my head thinking about it.

[Diana in Wisconsin]

I look at it this way; we’ll just drag them along with the rest of us as we TRY to save our Nation from total ruin! ;)

[napscoordinator]

Good way to look at it. I like it.

[EnigmaticAnomaly]

So you two have soured on Ted Cruz, have you? Why is that?

[Diana in Wisconsin]

Never was interested in him in the first place. *SHRUG*

[EEGator]

It’s income tax, not wealth tax. It’s why the truly rich doesn’t give a damn about income tax rates.