Chicago financial mogul Ken Griffin is quite wealthy and worth a little north of $ 21 billion. That’s more than the gross domestic product of the bottom 80 countries in the world. Griffin has also donated hundreds of millions of dollars, probably close to $ 1 billion, to various charitable causes, including efforts to improve education in Chicago and reduce crime in Chicago.
Griffin apparently believes this gives him the right to launch a scathing criticism of the governance of Chicago and Illinois, even threatening to move its 1,150 employees out of Illinois if the city fails to stem an increase in labor costs. violence in the street.
But, for two reasons, it doesn’t matter how much Griffin gives to worthy causes like crime prevention.
SEND LETTERS TO: [email protected]. Please include your neighborhood or hometown and a phone number for verification. Letters should be around 350 words or less.
First, no one, even a 21-fold billionaire, will ever be able to do enough to solve societal problems such as entrenched poverty, unlimited guns and despair. These are issues that require a systematic commitment and investment of local, state and federal resources.
And whatever good comes from Griffin’s substantial donations, it is more than offset by his pernicious adherence to a political economy that leaves tens of millions of people in poverty. It’s only when this crime occasionally interferes with Griffin’s privileged world that he threatens to move his substantial wealth out of Chicago – unless everyone follows his empty prescription for change.
Griffin has spent tens of millions of dollars on political candidates such as former Gov. Bruce Rauner, who spent four years cutting the state’s social safety net in order to funnel more wealth from Illinois to the already rich. Griffin spent $ 53 million to successfully defeat the Illinois Fair Tax Amendment, which would have forced billionaires like him to pay a little more to fund a fairer, less criminal society.
Griffin would have to use his considerable wealth and influence to support policies that would truly uplift the desperate while tackling the avalanche of guns that turned the wicked streets of Chicago into a shooting range. Until he lives this revelation, his millions of dollars in donations should be seen for what they are: a drop in the bucket.
Walt Zlotow, Glen Ellyn
The big lie and socialism
It is often said that if you tell the same big lie enough times, people will believe it to be true. In this way, the efforts of Democrats to improve the lives of the working class and the poor are often condemned as socialism by people – including Republicans in Congress – who have no idea how socialism actually works. .
And then there is this fable of the stolen election …
Dan McGuire, Bensenville