For your information (I didn’t knew) the Giving Pledge is a initiative launched by Bill Gates and Warren Buffet to ask billionaires to give 50% of their fortune to charity.
Thiel is now trying to convince is fellow billionaires not to sign it or to unsigned it because the money would go to “left-wing nonprofits that will be chosen by Bill Gates.”. 🫤
62% of Americans hold stock.
https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx
That the rich own more isn’t relevant. That they have 401k’s instead of a pension isn’t relevant. 401k’s give more personal control than a pension. With a pension, the corporation buys stocks for the workers and the workers have no control. Their laziness in stock ownership and then blaming who they gave money too is a reflection of their laziness in who they vote for and then blame the government.
I used a low number to make it in your favor. He gave even more proportionally than you giving $20 to a homeless person. With your logic you should be admonished even harder. How dare you distort the aid work of the government! You should have paid that $20 on your income tax instead of giving it to the homeless person!
( In reality $20 is still a good example because when you have $100B, giving $200B, despite being 1/5th of your total assets doesn’t cause any noticeable material change in your living conditions.)
He was wealthy but spent his free time building homes for the poor.