“Big business doesn’t care about the public good,” says Nancy Runyan (March 26 letter). Let us take a look at a few examples indicating just the opposite.
Walmart and the Walmart Foundation in 2012 alone gave more than $1 billion in cash and in-kind gifts in the United States. Add to that another $82.2 million in cash and in-kind gifts in international markets. Volunteers donated more than 2.2 million hours to U.S. nonprofits.
The Gates Foundation in 2012 made grant payments of $3.4 billion. The Buffett Foundation, not including his joint venture with the Gates-Buffett Giving Pledge, has total annual disbursements of more than $12 million. Susan Buffett’s will has added about $2.5 billion to the foundation. If Warren Buffett carries out his long-stated intentions, most of his net worth will go to the foundation.
These are just a few examples. Now, should we or the government be the decision-makers on what they do with the rest of their hard-earned or inherited money? I think not.
Also, take a look at who the chief executive officers of the above supported in the 2008 elections, and the “creepy dance with the Republican Party” that she refers to gets even creepier.