Our top Billionaires are busy squandering their fortunes on 'charities', while Carlos Slim explains precisely why their actions are pointless:
BLOOMBERG -- "Billionaire Carlos Slim, the richest man in the world according to Forbes magazine, said he’d rather spend money on projects that create jobs than give away his cash as part of a fight against poverty.
“The only way to fight poverty is with employment,” Slim said at a conference in Sydney last month. “Trillions of dollars have been given to charity in the last 50 years, and they don’t solve anything.”
Buyiing personal absolution by wasting your fortune and depriving the world of wealth creation is not the act of truly 'charitable' men. It's existential greed, really. They wanted to be Rich, Check, Powerful, Check, and now loved. Harry Truman said it best: "Get a Dog".
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