Blog Categories
Past Posts

Concentration of Wealth and Impact on Public Welfare

We seem in the USA to be on a track of more concentration of wealth in the hands of a very few. And then we hope that Warren Buffet and Bill Gates and Mark Zuckerberg et al will use their wealth for public good.
There are many foundations that direct wealth to nonprofits with a plan and with a reliable history.
There are individuals like Mr Zuckerberg who has a big idea and works with State of New Jersey to impose a new approach to education to the Newark schools.
Many of our fellow Americans think the super rich can work their magic on major national security problems or major social welfare challenges. Clearly, this is a serious misunderstanding.
We need to identify the right examples that actually bring improved conditions and apply tax and foundation assets to those. In a thoughtful and well-informed way.
The road we’re on at the moment is wasting valuable resources of the USA and not bringing us to resolution.

Post to Twitter


Leave a Reply