Charity

When Sam Walton died his seven children inherited the company stock and at 50% of the total this came to 1.3 billion shares. These share pay $1.80 dividend each year so the family gets $2.3 billion dollars. There are only three children still living and much of their money goes to charity. This the kind of rich people that use charity to spread their wealth around but others use a different approach to sharing their wealth. Billionaires like Leon Musk from Telsa and Jeff Bezos from Amazon choose another way to share. They use their skills to develop new businesses. Bezos started Amazon 28 years ago with one employee and today he has 1.6 million employees. Amazon has never paid dividends to its investors. The company reinvests profits to grow the company and that resulted in new jobs. Tesla started in 2003 and today employs 100,000 people mostly high paid technical types. Tesla pays no dividends to its stockholders and reinvests profits into new jobs including SpaceX which employs 12,000 engineers. If the rich are just sitting on their money they should donate some to charity but if a person has the talent to invent and invest in business that should be their charity. The best welfare program is a good job.