If you recall, at the end of last year, a group of Germany’s upper echelon (of wealth), came up with an ingenious plan – have the government increase taxes on the wealthy. This group petitioned that simply donating to charity was not enough to bring about change to the economy.
“Germany could raise 100bn euros (£91bn) if the richest people paid a 5% wealth tax for two years, they say.”
Well, let’s fast forward to the present.
Bill Gates and Warren Buffett have formally announced this past week, that they are asking American billionaires to give away 50% of their wealth to charity during their lifetime, or after their death. Their new campaign is called the Giving Pledge, which isn’t accepting money, just a ‘moral commitment’.
I hope that instead of donating to any charity around the world, these billionaires choose to spend their wealth here at home.
Filed under: Business, Finance, American billionaires to give away 50% of wealth, Bill Gates and Warren Buffet, charity, Giving Pledge
Maya Reports 