40 billionaires pledge to donate half their wealth
Teach a man to fish....I'd MUCH rather that they pledge to donating half of their wealth to economic development. We are in desperate need of investment capital here at home. Wouldn't that $600B be better spent investing in alternative-energy and other high growth fields?We've given these folks huge tax breaks with the idea that they'd reinvest that money in our economy. The article is somewhat light on details about where this money ultimately ends up, but I firmly believe that it's best spent helping tomorrows billionaires (all over the world) get their start.