What’s all that money for, if not giving away?

Posted by Al Lewis on December 09, 2010
Fat Cats

Isn’t it great: All these billionaires pledging to give away at least half of their fortunes when they are dead and no longer need them, or in their lives, while they can still attach strings and be applauded in news stories?

Another 17 billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have taken the pledge led by Warren Buffett and Bill Gates. Click here to read more from Reuters.

They say you can’t take it with you. They say it may not be worth much in the future given the direction of country. And they say it’s better to give it away than blow it on the next big dip in the market.