Carlos Slim and the Giving Pledge

Carlos Slim Helu is one of the prominent people to have declined to sign the Giving Pledge promoted by Warren Buffett and Bill Gates.Here is his reasoning:

“I prefer that Bill Gates create a Microsoft or Steve Jobs create an Apple.” Giving away their personal wealth “is an interesting idea… but it won’t solve any problems. They will make that money tax deductible and give 5% [of the overall amount] every year to [the actual] charity. If they collect $300 billion, they will use only $15 billion every year. That won’t solve any problems.” Read more of this post