Billionaires of America met this week in Tucson, AZ to discuss prospects of giving away half their wealth among other themes. Some of the high-rollers in attendance who have pledged wealthy contributions: Warren Buffet, Bill Gates, George Kaiser and John Morgridge. According to reports, almost 70 billionaires have pledged to contribute half their wealth since June 2010. Social services and education where among some of the topics thrown about during this gathering. They left the meeting feeling good about themselves, the new friends they made and all they accomplished.
Many Americans have voiced their opinions since finding out about the meeting that the press was not invited to attend, but most don't feel that any money pledged will go to where it is truly needed, i.e., strengthening the infrastructure of the US and it's citizen core. Nor do Americans believe these billionaires will give any significant amount of money away, let a lone half of their wealth, according to the sentiments expressed at the news of the gathering.
The only reason any of these billionaires became billionaires is by excessively overcharging for whatever goods and services they offer. Case in point: Bill Gates and Warren Buffet have a combined worth of more than 110 billion dollars because Microsoft overcharged for its goods under their direction. Another example: the Waltons have collectively in excess of 100 billion dollars because their greed is more important to them than paying decent wages to their employees, or giving them benefits, not to mention how they have basically destroyed businesses in every area they locate with their underhanded tactics to control those markets. I can go on, and on, and on about the others in attendance. These people represent the new Robber Barons in America. None of these people have ever paid their fair share in taxes, nor the corporations they are associated with.
Banks are another primary source of legalized robbery in America. They charge entirely too much in interest for loans on houses and autos. On houses, in particular, one must pay back around three times the mount borrowed over an excessively long payback term to own that property. If a loan shark lends money, and one must pay back 200 percent, the government considers this illegal, but the banking industry can demand 300 percent on money invested - where is the justice and logic in this? Another source of legalized robbery in America is the Insurance industry, they are just like the strong-arms that some people are forced to pay protection money. And, should one initiate a claim to the Insurance industry, they try to find any reason not to pay on the claim, or, to under pay it. The government allows this to go own so they can get their cut and kickbacks, not to mention that many of our high-ranking elected officials in these greedy, make money for doing nothing, scheming corporations that prey upon Americans.
These billionaires, their millionaire cohorts, the elected officials and, industries and corporations have brought this country to the brink of destruction in pursuit of their greedy endeavors... do you really see them changing their true colors and ways now? If they decide to give any paltry sum back to the citizens of America whom they have victimized, raped and robbed blind over the years it will be to control these people, not to elevate them from deplorable economic conditions with which they now live. Many are struggling because of these elitists but I doubt the elitists will make amends in the Jobs arena for all the recently unemployed who have become this way over the last four years, nor do I feel billionaires will do anything to help recently homeless, once middle class, Americans get back into immediate housing.
If these billionaires make the slightest attempt at making amends they will undoubtedly do too little and require too many hurdles for the average person and their families to gain any real benefit, support, or security in this devastatingly volatile deep recession - just like the short-sighted, only for the rich, elected officials throughout these United States of America. And, if they do offer meager assistance, it will be to help only those Americans with perfect credit scores, thereby continuing to ignore those whose credit has been ruined since the onslaught of the recession and have suffered at the hands of these elitists in pursuit of unmitigated greed. This newly diminished class of Americans suffering at the whim of the elitists are the recently unemployed and under employed who have seen their socio-economic standing ruined during this recession that, without their knowledge, apparently ended two years ago.
Greedy people throughout the history of America have never "turned a new leaf", nor have they ever once changed their ways for the better - this only happens in faery-tales at Christmastime. The greedy have a proven track record that they just become more greedy. Do you feel the average struggling American, or their families, will get any immediate support, or benefit significantly from this philanthropic cause? I think not. The funny thing is, I bet the majority, if not all of these billionaires are Jews and Christians. Absolute wealth corrupts absolutely.