Peter Kramer is a German sending tycoon having an estimated net worth of $10 billion. In the year 2012, he became an notorious character after he became a very outspoken opponent of the Giving Pledge, a charity led by Bill Gates. It’s requested billionaires to contribute a big portion of their net worth to charity. However, Kramer insisted that he believes it would be a lot better in the event the government will increase taxes on billionaires. The result would be that more money will soon be correctly distributed to the people who need it throughout the government agencies. According to him, the effort is a means of showing “a poor transfer of power in the state to billionaires”. He found it to be overly ostentatious just like many other wealthy people such as Carl Ichan, George Soros, Meg Whitman, Oprah Winfrey as well as the Walton family. Rich people will have a means not to pay their taxes when they contribute for their favorite interests and hobbies.