Dec 13, 2010
Bill Gates, Warren Buffett and a fistful of other billionaires have signed a pledge to give away at least half of their wealth to charities.
Are we supposed to think these billionaires are making a sacrifice? If Warren Buffet were to give away 99% of all his wealth – he’d still have 450 million dollars!
And they’re not really giving away even that, since they control the foundations that fund the charities. The foundations are only required to spend 5% of their endowments every year – investing the rest, rolling up more profit.
They got rich by ripping off the workers – and they want to keep doing it. And look like angels!