What could be wrong with Bill Gates and Warren Buffett asking the super-rich to donate their wealth to charitable causes or foundations?
Andrew Carnegie: "He who dies rich dies in disgrace"
That’s the point of The Giving Pledge, an initiative Gates and Buffett officially launched last June, which set an original goal of raising something like $600 billion in charitable promises from the world’s estimated 800 or so billionaires. So far, something like 57 have made the pledge.
A lot is wrong with the Giving Pledge, says Pablo Eisenberg, a leading expert on public policy and philanthropy at Georgetown University. Continue reading