Opinion | Why We Should Be Very Skeptical of the Billionaires Who Vow to 'Give It All Away'

At this point, we should assume a skeptical posture. The truth is, pledges like these may take years, decades or even generations to reach their nonprofit destinations—if ever. That’s why we need more public scrutiny of billionaire philanthropy—and much clearer rules to make sure donations actually support real, working charities., an initiative founded by Warren Buffett, Melinda French Gates and Bill Gates to increase charitable giving by the extremely wealthy.

that the total net worth of the 62 living initial pledgers hadn’t diminished at all. In fact, it had nearlyPart of the challenge is that billionaire wealth is simply rising so fast—US billionaires have seen their total wealth increase bysince the beginning of the pandemic, according to an IPS analysis based on Forbes’ billionaire database. As our economy becomes ever more tilted toward the rich, even committed philanthropists are making money faster than they can give it away.

To put it another way, any society which depends on philanthropy and charity to meet the needs of its people is failing on a profound scale.

Their giving people 'a fish' ensures that they can control, how many fish, how the fish are prepared, who does and doesn't get fish. Taxing them appropriately will ensure most people are actually taught to fish for themselves.

Those effective tax systems, where the rich pay a fairer share, are used in other countries to fund public schools, public transportation, roads, waterways, electricity grid, lead free water pipe grids. So it indeed is doable.

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