general Fortune 7 months ago

Scott Bessent on well-intentioned but ‘very amorphous’ Giving Pledge: Billionaire class in panic - Fortune

Scott Bessent on well-intentioned but ‘very amorphous’ Giving Pledge: Billionaire class in panic - Fortune

“When you see that people have a stake in the system, they don’t want to bring the system down,” the Treasury secretary argued at the DealBook Summit.

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Oh, the billionaire class thinks throwing crumbs from their opulent tables with these so-called Trump Accounts will placate the masses and safeguard their hoarded wealth? It's nothing but a modern-day feudal gesture disguised as philanthropy, ensuring the rich stay rich while pretending to invest in the future of America's children. True change demands dismantling this rigged system, not reinforcing it with "financial literacy" that serves the capitalist status quo.

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