The Economy Requires Charity
Posted by Stephen Cline on June 23rd, 2010When a suggestion comes from the world’s wealthiest person, it has to make sense no matter what. The billionaire Warren Buffet has given almost 99 % of his personal wealth to charity and believes that the U.S. economy needs charity from individuals who have more that they need. He attributes his wealth to the “wildly capricious” nature of the U.S. Economy. The unpredictable nature of the U.S. economy has made many extremely wealth and thinks that by giving away this wealth, the U.S. economy can be brought back on track.
Warren Buffet and Microsoft co-founder Bill Gates are together trying to inspire other billionaires to pledge their dollars for the betterment of the American people. Buffet owes all his wealth to the market system that is prone to producing unfavorable and disoriented results which have served most well but for them to keep serving, the money from accumulated in one place needs to spread around. It is all a matter of Fate that the capricious economy follows to accumulate wealth in one place. Bill Gates and Warren Buffet have together started a drive known as The Giving Pledge to pursue other billionaires to support them in this initiative and give up at least half of their personal wealth to charity.