David Rubenstein: "Philanthropy Won't Solve Inequality"

Nice to hear a finance billionaire stating the obvious in an inteview with Bloomberg TV at Davos, with Rubenstein pointing out that all U.S. philanthropic giving amounts to less than 2 percent of GDP. Not chump change, but hardly big bucks compared to government resources. 

Rubenstein also fields questions here about how to get the wealthy to give more. He mentioned that the Carlyle group matches donations by employees, up to a point. Nice idea, and one that other firms use.

Rubenstein joined Gates for a lunch at Davos among signatories of the Giving Pledge. A big focus of the GP push right now, says Rubenstein, is to get foreign billionaires to sign on—not easy given the lack of a philanthropic tradition in many societies.