Encouraged by Warren Buffett and Bill Gates, more than 30 U.S. billionaires have pledged to give at least half of their fortunes to charity. Buffett and Gates launched The Giving Pledge project in June. The Giving Pledge does not accept money, or try to steer its participants to any particular cause.  Nor is it a contract. The project asks billionaires to make a moral commitment to give away their wealth to charity.

This is clearly the ideal time for such an effort, when state and local governments are fighting deficits and less wealthy donors are having difficulty meeting prior levels of charity. It is also an eloquent statement by a group of productive, talented, hard-working and patriotic Americans that has been unfairly used too often as a cheap political target by the Obama Administration, Congress and the media.

Nothing bad whatsoever can come from The Giving Pledge. Continue reading →