Robert Frank who writes The Wealth Report for The Wall Street Journal has published a post about Pablo Eisenberg, senior fellow at the Georgetown Public Policy Institute, whose recent essay argues that rather than helping the poor, the Buffet-Gates Pledge might actually make inequality worse in the United States. Eisenberg grounds his argument in the fact that the country's wealthiest individuals usually donate the bulk of their charitable funds to educational insititutions, artistic organizations, and hospitals; he does not believe that the groups that receive these funds do much to transfer the funds to the poor who, he argues, tend to benefit from smaller service-oriented groups and grassroots organizations.
Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal
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