Gates, Buffet Criticized For Giving Pledge

Germany’s Peter Kramer turned out to be one of the strongest critics of the Giving Pledge, saying it’s not the state that determines what is good for the people but rather the rich who want to decide. Some of Germany’s super-rich have rejected the “Giving Pledge” initiative, saying donations shouldn’t replace duties that would be better carried out by the state.

Gates', Buffet’s "Giving Pledge" initiative

Billionaires Bill Gates and Warren Buffett started the Giving Pledge initiative about five years ago to help resolve some of the most pressing problems in society by encouraging the wealthiest individuals and families worldwide to donate more than half of their wealth to charitable causes...