As Elizabeth Warren pointed out, no one person is responsible for their wealth. The Government (people) built the roads, taught in schools, supplied clean water, police departments, fire departments, built a military to protect their industries.
With wealth comes (or should) responsibility. The responsibility of ‘paying it forward’.
Giving back to the community that gave you the opportunity to be wealthy.
THAT builds a strong Nation.
When individuals only extract wealth like Adelson, it slowly destroys our Nation.
So I was reading yesterday about casino magnate Sheldon Adelson’s $10 million gift to a Romeny super pac, and saw his net worth was a whopping $25 Billion. Thats 25 thousand million. (remember when millionaires were the rich? It wasn’t that long ago…)
Anyway it brought to mind the 25yr old line from the movie Wall Street. something along the lines of “how many boats can you ski behind?”
Really- I can’t think of anyone who deserves that kind of wealth, and I can think of relatively few people who have done anything to deserve being billionaires. And those I can think of that deserve wealth…well of course…they don’t have it.
And of course Adelsons an interesting case. A life long democratic until he started getting wealthy, and who has said a leading cause of his switch to the republican side was unionized hotel employees in Vegas. Cutting into HIS…
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