Billionaire Philanthropist is an Oxymoron

"The concept of a 'billionaire philanthropist' is an oxymoron. If somebody has amassed a billion dollars, that person likely did so by overcharging for products/services through monopolistic power in the marketplace. It would be much more impressive to see the 'billionaire philanthropist' drastically cut prices for the benefit of mankind rather than merely handing over 10%-20% of personal net worth for purposes of obtaining a tax break."

March 2, 2009

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When elites use their muscle in the market to gouge consumers, then returning a tiny fraction of the loot hardly constitutes philanthropy.

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