David Koch gave $100 million for cancer research at MIT. Bill Gates gave more than $28 billion to promote global health, saving 5.8 million lives in Africa alone. Facebook’s Mark Zuckerberg gave $100 million to revitalize public education in New Jersey. Go to Cleveland Clinic, Mayo Clinic, or any college and you’ll see libraries, dormitories, and a lot of buildings that were a result of the generosity of fat cats.
Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Bill Gates, and Steve Jobs did not start out wealthy and actually added to income inequality, but we all benefit from their creative effort. They demonstrate that social mobility is a more important goal. Wealth is the ultimate panacea to poverty.
Our society would be a lot better off if everybody’s tax rates were lowered. Yet the rich people I know would be willing to pay more in taxes if they felt that it was good for our country.
The trouble is not just that it enlarges government; it also creates divisiveness.