Over a decade ago, 40 of America’s wealthiest individuals signed the Giving Pledge, and made a commitment to give away most of their fortunes to various charities throughout the remainder of their lifetime or upon death. Over 200 billionaires from around the world have followed suit and committed most of their fortunes to philanthropies from research and education to environmental causes. Do the extremely wealthy have a social responsibility to share much of their wealth? What social issues or ethical questions arise if great wealth is handed on to family heirs across multiple generations? Assuming an individual acquired a great fortune legally, what ethical questions are involved in the question of how those resources are ultimately distributed?
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