On Tuesday night the Robin Hood Foundation had its annual gala and raised a record breaking $101 million in one night, shattering every record by any fund raising event ever.
It also shattered something else: the record for most monumental hypocrisy of all time.
That's because, while all these super rich hedge funders, celebrities and "0.1 percenters" basked in their self-importance and patted each other on the back for their obscenely phony show of "help" to the poor, the vast majority of these folks support political candidates and causes that have removed tens of billions if not hundreds of billions of government support for the truly needy. So their $100 million was really only "paying the tab" for their over the top display of self adulation.
If you think about the absurdity of this: a hedge fund guy (Paul Tudor Jones), worth $4 billion, who makes his money; a) by speculating--often driving up the price of food and fuel, which only adds to poverty and; b) charging hefty fees on the money he manages, which is largely in retirement funds of working people, he is lauded to the point of being considered, like, the new Mother Fucking Theresa.
Or consider, Bill Ackman, whose "job" it is to destroy companies and jobs (Herbalife) with malicious short selling raids designed to take a business down, yet he is also lauded as some benevolent prince?
And all their speculator hedge fund friends who do the same?
WTF??
Like a good friend of mine said, "Nobody takes time to connect the dots."
3 comments:
Charity is a cold grey loveless thing. If a rich man wants to help the poor, he should pay his taxes gladly, not dole out money at a whim- Clement Attlee
Mondo:
Cool quote.
An update of Attlee's quote apropos to a fiat currency system would be the following:
"Charity is a cold grey loveless thing. If a rich person wants to help relieve the poor, they should cease, forever, the cruel habit of reflexively over-taxing and under-funding the common citizen, not dole out money at a whim."
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