Billionaires Shouldn’t Give Their Wealth to Charity
December 31, 2010 2 Comments
Warren Buffet, and other goofy, out of touch, guilt-ridden socialists have been pushing other billionaires to give away half of their money to charity.
But this would not be philanthropy. This would not be altruism. It would be a destructive blow against our society.
Because they would mostly be throwing that money down a black hole.
When, precisely, are Jerry’s Kids going to be cured? Jerry was panhandling for them halfway through the LAST century.
Even the small percentage actually spent by a charity on the cause at hand just feeds existing needs. They spend the money and it’s gone. The problems remain. No charity has ever shut down because it solved its cause.
Those billionaires, on the other hand, have ALREADY given more to society than any, or in some cases, every charity combined.
Is Bill Gates worth sixty billion dollars? Then this reflects sixty billion other people voluntarily gave him, in return for software they must have valued at MORE than its asking price, otherwise they wouldn’t have bought it. Bill Gates, apparently, knows how to create wealth that benefits society…and every penny traded to him reflects that.
If he keeps the money and invests it in other wealth-creating ideas, he will do just that:
Create more wealth.
And THAT benefits society, more than all of the panhandling, anti-profit organizations ever do.
If he, or any other billionaire, wants to “give away” the money, then they should give it to ENTREPRENEURS.
The fool on Stossel right now, who says he’s giving away 75% of his six billion dollars, could simply hand out 4,500 one million dollar grants to the wildest, most unlikely, but serious and possible business plans and ideas they can find.
If just one percent of those ideas becomes a billion dollar company, he’s increased the benefit of his money to our society by TEN THOUSAND percent.
So he can toss it down the State-Mandated Non-Profit pit of poverty-enablement to be consumed by professional mendicants and vanish…or he can create a hundred times more wealth for our society, thereby permanently reducing poverty.