Charity

Should the rich donate to charity. The answer is, depends. If a person has the skills needed to start new business or grow and existing business the profits should be used for those reasons. People like Bill Gates, Jeff Bezos and Elon Musk should use the company profits to expand and start new enterprises because the best charity is a good job. The three members of the Walton family, Jim, Rob and Alice own 50% of Walmart stock or 1.38 billion shares. The dividend is $2.20 so these three get to share $3 billion per year. This is money that can be given to charity because it does not effect the growth of the company. Warren Buffett is worth billions and gave most of it to charity. His business was not directly creating jobs but helping others to finance companies that did create jobs.