DAVOS, Switzerland (AP) — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos.
https://givingpledge.org/
Been going on for over a decade. Gates and Buffet have been at the forefront of the project.
The dirty truth of things is that this wealth isn’t being given up. Its simply being recategorized. Rather than owning savings accounts with tens of billions of dollars, you now sit as chairman of the board that commands tens of billions in assets. When you spent money from the former, it was taxable income. But now its charitable spending. Nevermind that it pays for all the same Davos Summit accommodations and Epstein island retreats you’d planned to spend it on anyway.
The institutions you fund end up being giant PR projects (like the Carnegie, Ford, and Hoover foundations) intended to advance the board’s ideology. You just get to pretend its for a good cause, and therefore exempt from any kind of taxation or significant oversight.