- Jul 20, 2011
- Reaction score
- Don't harsh my zen, Jen!
According to Forbes, the Koch brothers have seen their wealth rise $11 billion in recent years, making the Koch brother among the richest in the country by being worth around $22.5 billion each. Much of those profits, however, are due to soaring gas prices and the fact Koch Industries has avoided compensating the public for hundred million tons of carbon pollution the company produces each year. Other Koch companies also receive significant taxpayer subsidies, despite Kochs supposed opposition to government spending. This company is among the countrys top sources of carcinogenic chemicals and air pollutants.
America has been good to Charles Koch, providing an environment where his family has made billions. But Koch doesnt want to give back, especially through more taxation. His charitable foundation, which gives largely to right-wing organizations that support his politics and Koch Industries business interests, still only donates about $12 million a year 0.05 percent of Kochs net worth. If higher rates were imposed on the super-rich, would Koch retreat to the familys fabulous mansions, like this one in the Hamptons, aboard its fleet of private jets in a John Galt-inspired temper tantrum? Or would they act like any respectable businessman, and continue to make a profit without complaining?
Koch Responds To Buffet: ‘My Business And Non-Profit Investments Are Much More Beneficial To Society’ | ThinkProgress
Whiny, selfish little Scrooge.