Posts Tagged ‘Ted Turner’

Bezos Pledges $2 Billion to Aid Homeless Families

September 21, 2018

The title of this post is identical to the first part of a title of an article by Abha Bhattarai and Christian Davenport in the 14 Sep 2018 issue of the Washington Post. The remainder of the title is “launch preschool network.” Bezos is the world’s richest man and the founder of amazon.com and also the owner of the Washington Post. He is beginning an initial commitment of $2 billion to create what he is calling the Day One Fund. Bezos said, “We know for a fact that if a kid falls behind it’s really, really hard to catch up. If you can find somebody a leg up when they’re 2, 3 or 4 years old, by the time they get to kindergarten or first grade, they’re much less likely to fall behind. You’re really improving their lives.”

This announcement comes a few weeks after the first major political contribution from Bezos and his wife, MacKenzie—a $10 million gift to a super PAC focused on electing veterans to public office. In January, he said he would donate $33 million to a scholarship fund for young “dreamers,” immigrants brought to the United States illegally as children.

Kyle Caldwell, executive director of the Johnson Center for Philanthropy at Grand Valley State University in Grand Rapids, MI., said “As an individual commitment, $2 billion is pretty high, but it’s not in the league of a Bill & Melinda Gates Foundation which last year had a $50.7 billion endowment. But this is part of a wave we’re seeing within Silicon Valley, where a number of successful entrepreneurs are looking at philanthropy to have a greater impact.

In 2010, Warren Buffet along with Bill & Melinda Gates created the Giving Pledge, which calls on billionaires to pledge the majority of their wealth to charity. Nearly 200 people from 22 countries have signed on, including Mark Zuckerberg, Elon Musk, Carl Icahn, T. Boone Pickens, and Ted Turner.

Most Admirable Multi-Billionaires

February 12, 2018

Two who come immediately to mind are Bill Gates and Warren Buffet. These two (actually three, Melinda Gates is on Bill’s team) are giving away their fortunes, but they are not passing their fortunes on to their children. They think children inheriting their parents’ fortunes is not only bad for their children, but it is also unfair to other children who are not so fortunate. They reason that they have already given their children enough of a chance to succeed.

Ted Turner has pledged half of his fortune after he passes away and is trying to convince other multi-billionaires to do the same. He is meeting with some success, but others just tell him to pass.

It is difficult to understand why multi-billionaires want to acquire more wealth. There is only so much that they can personally consume and enjoy. Many become philanthropists and find this rewarding. It also benefits their personal health. So it is some consolation knowing that greedy multi-billionaires will likely shorten their lives compared to how long they could have lived had they been philanthropic.

It is clear that the goal of some multi-billionaires is to increase their wealth and personal power. This is certainly true of the Kochs and the Mercers. They are giving to websites, networks, and politicians to increase their wealth and personal power. As mentioned earlier, Fred Koch founded the John Birch Society, which was violently anti-communist. How could his descendants be supporting Putin’s support of Donald Trump? The apparent reason was that the Soviet Union was Communist. Russia, however, has been transformed by a former KGB agent into a kleptocracy. Now a kleptocracy is something they can understand. It is clear that Putin wanted Trump to win and that Russia devoted considerable resources, likely enough to tip the electoral college to Trump.

Originally, Republicans were enraged that the Russians had corrupted our election. They wanted to get to the bottom of this and supported Republican Mueller in his investigation. However, now their tune has changed. They are attacking fellow Republican Mueller, the FBI, and the Justice Department to either stop or discredit Mueller’s investigation. The only way that HM can understand this behavior is to think that Republicans have effectively been bought by the Kochs and Mercers. They might not be smart enough to realize that the end goal is a kleptocracy. HM wonders if they’ll continue to react this way if further investigations into Trump’s finances show that he is heavily in debt to Putin and the Russian Mafia, and that Trump is, in effect, Putin’s bitch.
HM is just wondering here, and this is just a conjecture.

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