Only 40 of 1,000 of the planet’s billionaires have agreed to participate in the Billionaire’s Pledge which hopes to eradicated some of the world’s most pressing issues through donations by some of the world’s wealthiest individuals. That is a pretty pathetic participation rate of just 4%.

German shipping magnate Peter Kramer is one of the 96% of the world’s billionaires choosing not to participate. After reading his comments attempting to explain his reasons for abstaining from what seems like a very worthwhile program, one is led to believe that he is either one of the greediest or ignorant billionaires (if not people) alive.

For the rest of the commentary including Mr. Kramer’s crazy rationale for not participating GO HERE:

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