Tuesday, May 21, 2019

The Giving Pledge

("Charity Won't Solve Student Debt")

If this country relies on, requires, private philanthropy to substitute for protecting the public welfare then we desperately need to change our calculations.

The Giving Pledge, the brainchild of the generosity of spirit of Bill Gates and Warren Buffett, signed onto by many of those of those of great good fortune(s), is both an individual act of kindness and a screaming recognition that something is seriously wrong with our financial structure and moral commitment as a society.

We have allowed far too many in our midst to languish in poverty, deprived of basic needs of adequate housing and health care, while others amass wealth almost beyond comprehension.  And our astronomical debt for the "privilege" of being educated is a black mark on this nation.

Robert Smith is a signatory to the Giving Pledge, committed to donating half of his net worth during his lifetime. He should be greatly applauded for changing the lives of some 400 people in a blink of an eye, but it should never have been needed.

This is a "Mr Smith comes to Washington" moment. Let the government of the United States start it's own giving pledge. Be like Robin Hood. Take a little from the rich and put it where it will do the most good. It is what is required of a compassionate and caring land.

1 comment:

Anonymous said...

There is another separate issue- The cost of college tuition. Should the top schools keep massive endowments, build new buildings and charge enormous tuition? Where should colleges spend the money? Should financial aid include significant debt?