This week, today actually, President Obama will host Warren Buffett and Bill Gates at the White House to get an update on who else has joined ‘The Giving Pledge’. For those of you unfamiliar with the giving pledge – it is a charity focused on getting extremely wealthy people to surrender the majority of their fortunes to charity. Read more about it here. The GP has raised over $100 billion dollars so far and is likely to go up over the coming years.
You can actually view who, among the many wealthy people of our nation has actually committted to giving up the majority of their wealth for the benefit of the few. The list includes names like Paul Allen, Warren Buffett Larry Ellison, Jon Huntsman (father of GOP candidate) George Lucas, Michael Milken (yes, that Michael Milken) and Ron Perelman. But strangely, no Barack and Michelle Obama!
How could this be that our POTUS has not signed the Giving Pledge? Just the other day I saw him on television saying how he had a couple hundred thousand dollars of extra income this year alone. Obama is undeniably a millionaire, so why not give?
You might say, ‘well Obama is not as rich as these other folks’. True enough, but Obama is only 50 years old and will likely make tens or hundreds of millions once he is out of office – just as Bill Clinton has.
You don’t have to be a billionaire to give, or so says the website:
While the Giving Pledge is specifically focused on billionaires, the idea takes its inspiration from efforts in the past and at present that encourage and recognize givers of all financial means and backgrounds.
Lastly, I thought the richest 1 percent were not giving their fair share? Didn’t I hear Obama say that the top earners needed to start giving a fair share to the economy? I thought billionaires stuffed all their money in mattresses and stood guard with a shotgun, ya know, clinging to their God and their guns stuff. So we have an actual club of billionaires that promise to give the greatest majority of their wealth to charity and Obama thinks they aren’t giving their fair share? How much do they have to give before he thinks they do give their fair share?
Its weird, Obama claims that half the country doesn’t pay any federal taxes at all, and the other half should start paying their fair share.
I think they should call this ‘The Stupid Pledge’. These weak-minded knuckle-dragging morons have allowed Barack Obama to talk them out of their fortunes. But don’t be fooled folks – this isn’t redistributing wealth at all. Oh no! None of that redistributing stuff going on here….