Avoid to keep the government from taking wealth in taxes

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Reference no: EM131908087

During 2010, two of the richest people in the world (Warren Buffett and Bill Gates) initiated a movement in which billionaires would commit to giving at least one-half of their wealth to charity or to serve the public good. Is this a good idea or is it merely a way to avoid to keep the government from taking their wealth in taxes? Should this idea be extended to include people of lesser wealth?

Reference no: EM131908087

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