I was reading an article posted on reuters about how 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
Most of the comments were very good. You can tell who knows whats going on and the young idealistic people who have no clue. Saying things like; “In turn, we as consumers have an obligation to support companies that give back.” and “I don’t understand this new trend to vilify people who are successful.” and “The “rich” do not have any more or less obligation to our nation than you or me.”
My response on reuters…
Really?!? If you think these people earned their money with hard work and honesty then you are way too naive’ The facebook guy got lucky that was all. Actually Gates did also with the IBM blunder on his software rights. Bill gates should pay damages to the thousands of companies he bought up for no other reason than to shut down and reduce competition.
They are not really giving away 1/2 of their money. It goes into the foundations that they set up. Yes it does have some trickle down benefit but they provide mostly tax savings than anything else. So in the end yes its better than them stuffing it in their mattresses.
If they really wanted to help America and the rest of the world they would use their money to help stop corporate corruption in Washington. It never ceases to amaze me how people think new politicians are going to solve the economic problems when the same old big money lobbyists are still there waiting to pay them off each new re-election.
90% of the wealth in America is owned by 10% of the population. Read that again! Yeah the rich are getting richer because they buy politicians. If you think the country is hurting now wait until the Chinese quit buying our massive debt. Then watch unemployment triple what it is today.
The only solution is to make lobbying illegal and let the government run the country and not the rich elite.
