Are Billionaires Evil? Even if they are Rihanna? - youramericanmoney
Author: Michelle
Description: Are Billionaires evil even if they are Rihanna? In this episode my guests and I have a candid discussion of the role of billionaires in society
Date: 2021-08-09T09:00:00+00:00

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# Are Billionaires Evil? Even if they are Rihanna?

posted on 9 August, 2021

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Recently, Rihanna became a billionaire. What I found so interesting about this development was the muted reaction to her reaching this milestone. I even read a tweet that said “Billionaires are problematic even when they are Rihanna.” My guests Kevin L. Matthews II and Saundra Davis and I have a conversation about billionaires and their place in current society. Is it time to eat the rich?

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## Show Notes:

- What’s going on with the anti-billionaire sentiment that is coming up in day to discourse. Are all billionaires problematic?

- Guest Saundra Davis, financial coach and educator with a focus on financial behavior. She is a resident of northern California and there is privilege

- Kevin L. Matthews II, founder of Building Bread. Born and raised in Tulsa, Oklahoma

- What’s the first thing that comes to mind when you hear the word “Billionaire?”

- Saundra introduces us to the concept of money scripts that may impact our reaction to the word “Billionaire”

- Kevin thinks of the concept of “ownership” when the word “billionaire” comes up

- I touch on the 1920s-1930s and “billionaires” from that time. Are we repeating past mistakes?

- Access and billionaire wealth

- “When the people shall have no more to eat, they will eat the rich” Rousseau

- Are billionaires actually good for society?

- Income inequality is a huge problem currently at the same time that we have more millionaire growth.

- Is there something messed up with the system?

- I ask if billionaires have an obligation to society? I make a point about how billionaires show up in current pop-culture.

- Why is Jeff Bezos sending a giant peen into space instead of helping his workers. Is that giant peen going into space helping society? Will the poor inherit the earth while the rich leave?

- 1970-Milton Friedman “The social responsibility of business is to increase its profits” Business is beholding to the shareholders.

- 1970 the song Whitey On the Moon by Gil Scott-Heron was released at the same time

- Saundra shares that a home in her town sold for $1 million above asking price.

- Kevin is an economist and shares some insight into corporate responsibility.

- Costco paid their workers more, investors were rewarded and Costco made the most that they’ve ever made

- Should Jeff Bezos pay all of his workers $100,000? He would still be a billionaire. Kevin shares some of the unexpected impacts that could occur if he chose to do that?

- Rockefeller Sanitation Commission, Vanderbilt developed the Metropolitan Opera, and Carnegie built 3,000 libraries. What are current billionaires doing to create legacy and society impact?

- Mansa Musa “The Wealthiest Man Who Ever Lived” A man from Africa. He used to pass out gold to the point where he crashed the price of gold and harmed Egypt’s economy for years.

- We’re at the whims at what billionaires deem is most important in society when we eliminate government obligations.

- I make the point that the US government struggles to create policy that serves society as a whole. Politicians impact policy around societal good

- Kevin points out that society is also part of the problem “NIMBYs” Not in my back yard. Citizens are also our own worst enemies. We all have to pay a cost to solve a problem. He notes that we are looking for solutions to societal problems that we don’t want to deal with.

- Saundra wonders if there’s a middle-ground?

- What’s going on with the billionaire space race between “Bezos, Branson and Musk?”

- “Are the rich preparing to leave the poor on the planet?’

- Kevin is hilarious when he answers this question. He finds the space race annoying.

- Is Rihanna evil now that she’s a billionaire? Was she ok at $999,999,999 these generalizations can also be flipped the opposite way.

- Money Scripts come from numerous places Saundra reminds us and impacts our reaction to other people’s money.

- We’re asked an interesting question “Who has done more for society? Mother Teresa or Bill Gates?” Both Kevin and I share thoughtful answers. Saundra gets us to realize that perspective is important

- What is the societal obligation of Black and Brown billionaires? Is this the same thing as the family member who has to help everyone else?

- “How are we going to uplift each other together?”

- Mackenzie Scott has donated an incredible amount of money to HBCUs.

- The responsibility of Black billionaires is to uplift the people around them. Jay Z who helped Rihanna and Kanye become billionaires. The compound affect.

- If you were a billionaire Saundra/Kevin what would you do? I love their answers and share mine.

- Why do billionaires piss people off? We share our final thoughts. Kevin leaves us with an incredible closing thought.

## Episode Guests

Kevin L. Matthews II founder of Building Bread. Author of from Burning to Blueprint: Rebuilding Black Wall Street after a Century of Science

Financial Fitness Coach Saundra Davis of Sage Financial Solutions

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#### Michelle

I am an obsessive foodie, but not self-righteous with it, love travel, meeting new people, helping you look good, and am freaked out by people who don't enjoying reading...something! Grab a Perrier, read my blog, feel free to drop me a line! Hope to hear from you soon.

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