Monday, November 2, 2015

QUICK! PULL THE LADDER UP!


QUICK! PULL THE LADDER UP!


Bill Gates is reported to be worth $79 Billion; his 7 bedroom 6 fire place and 24 bath house is reported to be worth $123 Million. He and wife Melinda have given over $28 Billion to charitable causes. 

Gates has recently been critical of capitalism to solve one of his major concerns: Climate Change. Inefficiencies and lack of profit incentive within the private sector are his primary supporting evidence. Government, via increased taxes, is Gates’ solution to solving the Climate Change problem. He is joined in this position by fellow billionaires, Warren Buffet and George Soros.

Perhaps Mr. Gates failed to consider that at the national governmental level the only profit making agency is the IRS who interestingly receives a major portion of their “profit” from the private sector! Government inefficiencies are legend, whistleblowers have long reported the problem, Congress, and many in the media have continuously spotlighted the well-known, yet annually accepted inefficiencies. Office seekers seem to always run on the promise to fix the problems that government created, usually by increased funding and more government workers. What a vicious circle!

Ink is barely dry on the several articles and books that have recently been written that reveal the dismal failure of several start-up companies that were awarded government contracts for Climate Change solutions. In several cases the contracts were awarded as recognition of past political support. As Oklahomans say, “That is flat wrong!”   

Maybe, just maybe, the trio of billionaires mentioned in this letter feels there is no more room at the top of the capitalism ladder of success.

Glenn

 

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