Saturday, July 3, 2010

Can Gates and Buffett Persuade Billionaires to Donate Half Their Fortunes?

by Jamie Johnson from Vanity Fair. This is the weekly installment of life among the 1 per cent of Americans. It is always good for working people to keep in touch with our fellow Americans to learn about their concerns. ;-)
What I find especially interesting about The Pledge is that it forces rich people to consider a question that is virtually impossible to answer: How much is too much? Historically, affluent individuals have struggled to strike the right balance between comfort and excess. For Americans, finding the appropriate equilibrium within either extreme presents an added challenge. As a nation we subscribe to two central doctrines, capitalism and democracy, but these ideologies sometimes contradict each other.