A new crop of the super-rich have agreed to sign up with Bill Gates’ and Warren Buffett’s “Giving Pledge” — a project aimed at convincing the wealthy to promise to give at least half their accumulated wealth to charity now or when they pass on to the great gated community in the sky.
As many media noted, Facebook founder Mark Zuckerberg is one of the new members of the Giving Pledge club.
“People wait until late in their career to give back. But why wait when there is so much to be done?,” said Zuckerberg in a prepared statement.
That makes either 56 or 57 generous billionaires (news accounts differ) who have made the pledge — out of about 400 billionaires in the U.S. and perhaps that many again worldwide.
I know this is supposed to be something to celebrate, but I wonder why so few of the super rich have stepped forward. As I’ve noted before on this blog, all the extremely wealthy are being asked to do here is make a non-binding promise to give away at least half their wealth … at some point.
Heck, even I could promise to do that. Doesn’t mean I would. I actually don’t have much. Continue reading