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With $4.2 Billion in Direct Giving, MacKenzie Scott, Formerly Bezos, 'Puts Shame to the Billionaire Class'

Originally published at http://www.commondreams.org/news/2020/12/15/42-billion-direct-giving-mackenzie-scott-formerly-bezos-puts-shame-billionaire-class

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PERSON OF THE CENTURY: MacKenzie Scott!!!

Great Picture… She is totally disgusted with Bezos…

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Show Me a Billionaire,
…and I will show you a Criminal, one who is a master of taking advantage of the system.
…and I will show you someone ignorant of much around them…
… and I will show you a destroyer of the world…
…and I will show you someone who is hoarding great wealth and with-holding the resources needed by others… We now live at such a time of collapsing systems that the ones who have amassed great wealth must now give it away to those in need, otherwise it will be taken from them …for the Poor will prey upon the wealthy and their families.

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Charity saves capitalism again.

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Why is she worthy of praise? She makes $23b during the pandemic and gives away $4.2b to charity. Even if she donated 3/4 of her wealth, she would still have too much. A person on minimum wage or Social Security giving $25 to charity is worthy of praise, while a multi-billionaire giving a couple billion for the tax write-off is worthy of nothing but scorn.

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that picture is priceless for a caption:

“Yeah, he’s loaded and hung like a horse, but for the love of god…must I?”

Bezos looks like he just got goosed by the Pillsbury Doughboy.

It would have been better for us all had she burned it.

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The former Mrs. Bezos is worth $69 BILLION. I don’t believe she’s dipping into the rent money or the kids school lunch money to give to charity.

The real shame is that the needy have to wait for some billionaire to have a pang of conscience and give a little. If we were an enlightened people, no one would be homeless, no one would be hungry, and no one would suffer from the lack of health care. If dollars were loaves of bread (which basically they are), they’d have it all while children starve.

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I agree that compared to many other billionaires, this is generous. But it’s worth reading Anand Giridharadas’ book “Winners take all” for another take.

Also, I wrote on my blog about her when she promised to give away at least half her fortune. It was my second post on philanthropy. Here are the two posts

How to be a philanthropist: an 11-step guide (March 2019)

  1. Pay your workers starvation wages, preferably in low income countries
  2. Ignore labour laws and health and safety hazards
  3. Make obscene amounts of money
  4. Befriend powerful politicians and donate to their parties
  5. Continually deny any wrongdoing or dreadful labour practices
  6. Transfer your money to tax havens
  7. Give a tiny fraction of the taxes saved to a worthy cause
  8. Have your donation used for partial cost, say 10%, of a prominent new building
  9. ‘Reluctantly’ allow the building to be named after you
  10. Get a tax write-off for your donation
  11. Repeat steps 1 to 6

How to be a philanthropist – Part 2: A look at some numbers. (June 2019)

Recently, MacKenzie Bezos, newly divorced from Amazon’s Jeff Bezos, promised to give at least half her $36.6 billion fortune to charity. In what must be the understatement of the year, she noted “I have a disproportionate amount of money to share.”

Bezos had just signed the Giving Pledge. This is an effort started by Bill Gates and Warren Buffett aimed at encouraging billionaires to donate at least half their money to philanthropic causes or to charity. As of May 2019, 204 people have pledged. They have certainly been generous in the amounts they are giving away.

But just how self-sacrificing are Bezos and the other Giving Pledge signatories?

I’ll take MacKenzie Bezos at her word, and accept that she’ll give away more than half her money, say, $26.6 billion. She’ll be left with $10 billion. That’s $10,000,000,000. It’s hard to understand just how much this is with all those zeros.

I’ll break it down. Suppose that Bezos gets no interest on the money; she puts it under her mattress (a very, very large mattress). She’s now 49; if she lives to 100, that’s another 51 years.

Starting with $10 billion means she’d have about $537,000 to spend EVERY DAY of her life from now on.

The median household income in the US is $61,400. Half the households in the US would need nearly 9 years (in many cases much longer) to earn as much as Bezos would have every day for doing nothing.

Even if she keeps ‘only’ $1 billion, she’d have $53,700 every day. That’s assuming she gets no interest on it. If she invested her money at just 2% a year, the investment income alone would be even more – $55,000 a day. She could have that and keep the $1 billion intact!

Something to think about when you hear people complain about a wealth tax. Especially if it’s billionaires who haven’t signed the Giving Pledge.

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Correction: According to google, Mrs. x-Bezos is worth $59 Billion, not $69 Billion as stated above.

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Whoa!!
Please notice that her advisors are amateurs. Not from professional fundraising organizations. There is a curriculum at IUPUI that teaches management of not for profit charities.

They are being careful to be sure the loot goes to folks who need it and not some ‘volunteers’ Lexus.

That 23 billion is recovery money after DOW fell a bit because of cordova. The market recovered, as it always do.

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Sure is a long time coming. I don’t see any signs of it happening yet.

As even the article concedes, and many of the comments express, philanthropic charity isn’t how the world should be run and philanthro-capitalists shouldn’t be determining global policies.

I can only cite Oscar Wilde

“Accordingly, with admirable, though misdirected intentions, they very seriously and very sentimentally set themselves to the task of remedying the evils that they see. But their remedies do not cure the disease: they merely prolong it. Indeed, their remedies are part of the disease. They try to solve the problem of poverty, for instance, by keeping the poor alive; or, in the case of a very advanced school, by amusing the poor. But this is not a solution: it is an aggravation of the difficulty. The proper aim is to try and reconstruct society on such a basis that poverty will be impossible. And the altruistic virtues have really prevented the carrying out of this aim. Just as the worst slave-owners were those who were kind to their slaves, and so prevented the horror of the system being realised by those who suffered from it, and understood by those who contemplated it, so, in the present state of things in England, the people who do most harm are the people who try to do most good; and at last we have had the spectacle of men who have really studied the problem and know the life–educated men who live in the East End–coming forward and imploring the community to restrain its altruistic impulses of charity, benevolence, and the like. They do so on the ground that such charity degrades and demoralises. They are perfectly right. Charity creates a multitude of sins. There is also this to be said. It is immoral to use private property in order to alleviate the horrible evils that result from the institution of private property. It is both immoral and unfair.”

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As soon as you’re born, they make you feel small
By giving you no time instead of it all
Till the pain is so big, you feel nothing at all.
A ruling class hero is something to be.

They hurt you at home and they hit you at school.
They hate you if you’re clever and they despise a fool.
Till you’re so fucking crazy, you can’t follow their rules.
A ruling class hero is something to be.

When they’ve tortured and scared you for twenty-odd years
And then they expect you to pick a career.
When you can’t really function, you’re so full of fear.
A ruling class hero is something to be.

Keep you doped with religion and sex and tv
You think you’re so clever and classless and free.
But you’re still fucking peasants as far as I can see.
A ruling class hero is something to be.

There’s room at the top, they’re telling you still.
But first you must learn to smile as you kill,
If you want to be like the folks on the hill.
A ruling class hero is something to be.
A ruling class hero is something to be.

-John Lennon (refrain slightly modified)

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“promoting the general welfare” is our most important Constitutional mandate, which few politicians invoke due to their lust for power and greed. Every country has a combination of Capitalist and Socialist institutions. Our country is uniquely crippled in fulfilling its mandate to promote the general welfare because ALL its means of communication become privatized and a tool for Capitalists to control almost all our politicians. We live in an Oligarchy, not a Democracy, which passes laws only for the benefit of the Capitalist class. The Capitalist Class supports perpetual war consuming $1 trillion a year. From 2008 the Fed has secretly facilitated the transfer of $29 trillion in wealth to its criminal financial members. This hasn’t fixed anything because they srarted doing it again in September as the speculative criminal behavior continues.

There is no reason our Government should depend on billionaires to feed or educate its citizens. Billionaires should be heavily taxed and all the money criminal Capitalists are stealing throuogh the Fed should be redirected to promote the general welfare of the working class.

Without a working class capital cannot be accumulated. Labor deserves the first consideration. They alone create all new wealth through farming, mining and manufacturing. Under the Fed housing, stocks and energy costs rise while wages stagnate. We live in the middle of a class war in which Capitalists are taking everything for themselves through their campaign of globalization which has destroyed domestic wealth and job creation. Their money is made overseas by exploiting the poorest laborers in the world. Those foreign laborers create US billionaires enormous wealth while selling American workers down the river.

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Amen. The oligarchy has always given their most charity during financial doldrums. Yet, for them it’s not charity. It’s an investment. If oligarchs give the poor food when they are hungry they stop thinking about what caused their hunger in the first place, that in turn prevents those same hungry poor people from lining up at gates with torches and pitchforks.
Sorry, but every time I see a story like this my cynic alarm goes off. Having been around Fortune 500 companies most of my working career I can tell you with all confidence that, to them, charity is just part of the promotional budget. If they do some good at their bullshit “community days” or holiday food and toy drives, great. But their goal is to use those charitable acts as an advertisement to promote their brand, nothing more.
If you give a man a fish, he eats for the day. If you teach him to fish, he eats for a lifetime. If you ask why he didn’t have anything to eat or a decent job in the first place, you are obviously a commie.
Keep your fucking charity. Let’s just pass a 75% wealth tax instead. You know what we would call her if we taxed her 75%? We would still call her billionaire.

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Another distortion here: All this “giving” (of what was stolen) is within the U.S… as if the natural and human world, the bodies and labor that created those billions of dollars came only from the labor and bodies of people and lands of the U.S.A.

U.S material wealth is wrung from the bodies of nature and people worldwide. Any redistribution/restoration of hoarded U.S. wealth must likewise be worldwide if it is to reflect a measure of justice and making things right, healthy, whole.

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Good for McKenzie, thank you from the people.

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Their astronomical wealth is built on the backs of the 98+% of us!!

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Bollocks. She just made a handful of greedy banksters very unhappy, and that’s a good thing.

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