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- cross-posted to:
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Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.
Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.
Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.
I get your point but I don’t think that’s equates to being a bad person. At least the two folks I mentioned as examples are doing major philanthropy with their funds and I don’t think not earning the money is a bit different than just straight up calling them parasites. It’s a systemic issue that we as a society need to work on together rather than all the hate and division that has driven a lot of countries to populism.
Don’t be fooled by the philanthropic image they’ve worked so hard to cultivate:
https://inequality.org/article/true-cost-of-billionaire-philanthropy/
Every moment they live with that kind of wealth is a moment that a poor mother cries because she can’t feed her kids, some poor folk dies because he can’t afford healthcare, some kid learns what it means to be poor.
I understand enjoying life and some luxuries from time to time, I don’t want anyone to renounce their humanity for ideals imposed by others, but every time I read about billionaires’ antics I can’t help but think of my mother checking all the price tags at the supermarket, driving cars unfit for the road and so on… And we have never even touched real poverty, I can’t say I ever skipped a meal.
So yeah, I can be tolerant as much as you want, I sure don’t plan to go Luigi anyone, but no super luxury hotel stay is worth kids going hungry, not to mention other bullshit.
Gates is leaving 1% of his wealth to his kids. Rest goes to the causes you mentioned.
He still has it
Right but when he’s dead it will go to charity and hopefully to far better use than giving it to the US government to waste on interest payments and military spending.
Yeah or he could just not extract it from his employees and let the economy distribute it around, or give it to charity NOW, I mean even if he gave billions it wouldn’t change his life one bit, except he’d lose power, and that’s all these psychos care about.
The change handed out by billionaires as philanthropy is PR to keep them from paying their fair share in taxes. Calling them a parasite class is completely accurate— they couldn’t have earned that much wealth without exploiting both the laborers who created it and the society that their extreme horde inherently destabilizes. If they paid their fair share in taxes, then their donations would be appreciated.
I think it would be pretty naive to think the US government would spend it any better.
I think it’s pretty naïve to think that oligarchs are benevolent, and at least we have a say on how government money gets spent.
What we have now is billionaires rigging the system in their favor; like I said, that kind of wealth disparity is inherently destabilizing to society, and they accumulated it through exploitation.
Finally, if the people could spend the money better than the government, why do we have taxes at all? It’s because there are things that we need to address as a society instead of relying on charity that may or may not come.