As is known to us all, Bill Gates, who is considered as the richest man, donated all his fortune (58 billion dollars) to Bill & Melinda Gates Foundation in 2008. Warren Buffet, the second wealthiest, also promised to give 99% of his money to the charity in 2006. Meanwhile, over 40 wealthy families and individual decided to donate half their wealth to charity.

In recent years, these tycoons become increasingly passionate about charity. Financial services are provided for the poor. Medical programs are supported for various health problems. Agricultural developments are issued for food crisis in Africa. In this way, not only do they give a hand to lots of people in need of help, but also encourage the public to care more about charity.

However, donating most money to their foundations is widely seen as a way of tax exempt. Some activists say they’re only in the disguise of ethics to protect business profits. What’s worse, due to their enormous influences, money in their foundation accumulates massively with more people donating. But nobody knows how they use each buck and whether it’s efficiently used.

Confronted with this collision between business and ethics, it’s true that we can’t ignore the contributions that they’ve made to charity, but it’s also essential to establish and impose the supervision on those charity foundations. We all should be responsible for charity and ethics.

link to article:http://www.independent.co.uk/opinion/commentators/dominic-lawson/dominic-lawson-the-sin-of-the-rich-is-to-seem-happy-2047935.html

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