Warren Buffet and Bill Gates have recruited 40 fellow billionaire families to give away half their treasure to charity. Good?
My immediate response isn't to jump for joy. I would first like to know where they intend to deposit their fortunes. For every Bread for the World there is a L. Ron Hubbard foundation; for every World Vision, a non-profit Dress for Success. Whatever else this pledge may be, it isn't a "widow's mite" expression of sacrificial giving. It's a safe, comfortable gesture with potential for ego-enhancement, though that doesn't mean it can't serve a meaningful purpose.
It reminds me remotely of the financial heavyweights in my home town.
I grew up in a small New England industrial city where furniture magnates extracted millions from cheap immigrant labor and in return bankrolled the public library, the hospital and a showcase indoor-outdoor swimming pool.