Sam Altman just vowed to donate most of his wealth through giving pledge

What, you didn't click the link to convert useless Internet points into shares?

The Giving Pledge exist for one reason and one reason only. To avoid the discussion of an immediate and real billionaire tax. It's just a tax optimization strategy. Why don't we all defer our taxes with a pledge a 99% tax donation to the IRS...after our deaths?

https://www.inc.com/geoffrey-james/bill-gates-promised-to-gi... "Bill Gates Promised to Give Away His Wealth. Well, That Was BS":

"When he made the pledge in 2010, his net worth was $53 billion. Ten years later, his net worth is $115 billion. Bill Gates is 64 years old, so at this rate, he'll be worth $250 billion or more by the time he's supposed to have given away at least half his wealth.

Same thing with Warren Buffett, only much worse. In 2010, his net worth was $39 billion; today, his net worth is $82 billion. Buffett is 90 years old, so if he's planning on giving away at least half his wealth, he'd damn better well get crackin'!"

> "While there is no enforcement in place to ensure pledge members follow through on their promise, the Giving Pledge educates them on ways they can make their donation, which is seen as “public, moral commitment."

How hard is it for the ultra-rich to simply cut a check every year to a charitable organization they didn't invent as a tax vehicle, at a time of incredible suffering globally through conflict or natural disasters?

Medecins Sans Frontieres, World Vision, the Red Cross --- all these orgs engaged in active disaster responses are almost entirely funded by regular people like you and me making a charitable donation.

Why do the rich need this dog and pony show?

Regular Americans on regular salaries manage to scrounge up a few bucks each year to give to food banks, or help provide kids with school supplies, or other forms of mutual aid . They don't have articles written about them.

pledges =! "Actually had over money somewhere"

Yeah, ok, give me a call when that wealth has actually been put to good use, not when Sam “Not Even Sorry For Sexually Abusing My Sister” Altman claims it might possibly be in the future.