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nobodyspecial

(2,286 posts)
Sun Jul 22, 2012, 05:49 PM Jul 2012

Whatever happened to the uber wealthy doing grand gestures to benefit the public good?

Not that I'm advocating for the 1% but there was a time when they took great pride in contributing portions of their wealth to the public good. There are no Carnegies or Rockefellers today. The only one who comes close is Bill Gates, but his focus seems more global. Are there more that I'm missing or is that generous public spirit and American pride now gone?

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Freddie

(9,267 posts)
3. Joe Kennedy
Sun Jul 22, 2012, 05:59 PM
Jul 2012

May have gotten wealthy in less-than-honest ways, but he believed that "from whom much is given, much is expected" and taught his children to do the same. unlike the GOP "I've got mine, f*ck you" values

 

cali

(114,904 posts)
10. what about Warren Buffet?
Sun Jul 22, 2012, 06:31 PM
Jul 2012

What about Chuck Collins?


(Collins is an heir to the Oscar Mayer fortune)

Chuck Collins is co-founder of Wealth for the Common Good, a network of business and civic leaders, wealth individuals and partners promoting fair and adequate taxation to support public investment in a healthy economy. He is author of 99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It. He is co-author, with Bill Gates Sr., of Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes (Beacon Press, 2003).

http://www.huffingtonpost.com/chuck-collins/

And actually, there are more than a few others.

Now you know.

Raine

(30,540 posts)
11. This is good to know, THANKS for this
Sun Jul 22, 2012, 06:44 PM
Jul 2012

info! I had no idea about the Oscar Meyer heir. It gives a person hope to know not all are greedy.

scarletwoman

(31,893 posts)
2. They have tax shelters in the Cayman Islands now, no need for charitable deductions.
Sun Jul 22, 2012, 05:57 PM
Jul 2012

The spirit of our Age is selfishness and greed. The uber-wealthy feel no commonality whatsoever with the "public", much less any regard for the "public good".

Courtesy Flush

(4,558 posts)
4. Ayn Rand happened
Sun Jul 22, 2012, 06:03 PM
Jul 2012

I believe the rich used to walk on eggshells for fear of a popular uprising against them. Now, trailer parks are full of Randian Tea Partiers who staunchly defend the 1%'s right to keep everything for themselves.

I know unemployed people who feel this way. The rich have replaced god.

Raine

(30,540 posts)
5. Yes at one time even the "robber barons" built museums, wings on hospitals, colleges and gave
Sun Jul 22, 2012, 06:03 PM
Jul 2012

land for parks etc ... but none of that kind of giving anymore.

Nikia

(11,411 posts)
14. A retired CEO of a major gave our (mine and his) college alma mater 1 million dollars
Sun Jul 22, 2012, 07:27 PM
Jul 2012

To celebrate his 50th class reunion. I'm not sure if he gives money other places and what percentage of his assets $1 million equal.
Where I live now, a local business owning family mostly finance the boy's and girl's club which is all well and good except they pay their production workers $9.50, which is why their parents couldn't afford youth programs otherwise.

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