What do wealthy people do with their money? They can only buy so many cars, houses, and steak dinners. So we either give it away or invest it. What the “supposed 99 percent” don’t realize is that they are better off if there are more fat cats, not less.
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.
Here are some other reasons why American taxpayers aren’t eager to feed the beast: $700,000 was sent to Thailand to discern if pig flatulence could be used as a renewable energy source; $500,000 was allocated to study shrimp on a treadmill; $1.9 million sent to China to study the drinking habits of prostitutes on the job! One million dollars to spread poetry in America’s zoos and $55 million to improve infant mortality—in Jakarta, Indonesia!