Billionaires elite club fred 123

Billionaires Elite Club Part 2
Article Body:
A Secret Meeting of Billionaires
Posted: September 17, 2010
Recently, 40 mega-rich people got together for a secret dinner and they made a deal. They agreed to give away
more than half of the money they make in their lifetime.
These people are billionaires and you will recognize many of the names. Warren Buffet was there and so was
Microsoft Founder Bill Gates.
San Diego's own Irwin and Joan Jacob, David Rockefeller, New York Mayor Michael Bloomberg,
Oprah Winfrey, Star Wars creator George Lucas, CNN Founder Ted Turner, T. Boone Pickens and George
Soros came to this secret dinner, too.
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According to a posting on the website
“The Daily Beast” quoting someone at the meeting, they sat around the table and talked about how much they
have already given and why it's an important part of their lives.
Most apparently said, they enjoyed giving away money more than they liked making it.
This, now not-so-secret pact is interesting because we love to hear about how the rich live and give.
All of us have our favorite charities and we give our dollars many times to gain a “match” of dollars from the
people on this list of philanthropic co-conspirators.
But, if you are a cynic, you might say these very rich people don't give away money out of the goodness of their
hearts,
they do it for tax breaks or to gain favors to make even more money. In some cases, you may be right.
I did a little research into this whole area of the very rich and giving.
It seems if it weren't for the rich, the rest of us would be asked for a lot more.
According to EHow.com, rich people who can afford to give year after year after year should not be scorned.
These are the people who provide the base funding for many national and local non-proﬁt groups.
It's that constant money that creates the foundation and the yearly donations of change we put in that jar at the
grocery store helps with that groups immediate needs.
It turns out, it seems, we really need all those rich people to keep giving.

Another reason this secret meeting and the Billionaires' Pact is significant is that the rich tend to encourage
other rich people to give even more.
It's checkbook peer pressure. There are several billionaires who were not at this secret meeting, people like
corporate raider Carl Icahn.
But, now that the others are ready to give up half of what they make, maybe he can be shamed into doing the
same and reaping the tax benefits.
In this depressed economy, it is difficult to read all of this as you struggle to have a few bucks in your pocket
before the next paycheck.
You might just yell, “It's not fair”.
But, if you remember that groups like the Salvation Army and the
Boy Scouts and all of the other social organizations depend on private contributions and the very rich provide
much of that money for years and years and years,
then maybe that takes away a bit of the sting.
Bill Gates is quoted as saying he hopes to convince others to officially join the Billionaires Pact.
He also says he does not care which organizations benefit from this alliance because it's not about causes it's
about the act of giving.
The only problem now is that the more they donate the less money they pay in taxes and, right now, the growing
U.S. deficit might be the neediest charity of them all.
As somehow first revealed by IrishCentral.com and confirmed by ABC News, some of the world’s richest
billionaires
ncluding Oprah, Mayor Bloomberg,
Ted Turner, Bill Gates, and Warren Buffett held a secret meeting in New York earlier this month to discuss
philanthropy. Imagine, all that wealth concentrated in one room.
What went on in there?
What was discussed? Luckily,
Daily Intel has been tight with one of the attendees ever since we held off on running some compromising
photos of him.
In gratitude, and because we blackmailed him,
he provided us with a transcript of a recording he made of the meeting.
Well, I’ve noticed that whenever I buy clothes, I find it hard to tell how much an item is going to shrink in the
wash.
And it makes it difficult to know whether I should buy something that fits perfectly in the store or something
slightly larger.
But how much larger? It’s impossible to know, you know? And I think if we made it mandatory that all the clothes
in the world had to be preshrunk,
then it would make shopping much easier and more enjoyable.

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"From where I stood, the crowd looked huge, maybe a thousand people, mostly white, mostly young,
more than half women... Our table was stacked with large bins ﬁlled with bottles of liquor and champagne,
little Evian waters and juices, and rows of champagne ﬂutes and glasses. Almost everyone held a drink."
This scene, described by Ashley Mears, could be anywhere desirable: New York, Los Angeles, Monaco, Miami.
But the location does not matter. Just add spending on a scale you've never seen before and you have all the
hallmarks of the global party circuit of the super-rich.

It is the sheer spending that captures Mears's attention in her new book 'Very Important People'.
Why, or even how could a millionaire spend over $100,000, or even $1 million at a single night club in a single
night?
Not only is this extraordinary behaviour but it takes place in a world strictly behind closed doors.
The global party circuit is where the 0.1% can show off to one another but nobody else.
Doormen, entrance fees and exclusive locations stop the world witnessing this extreme wastage.
Until now.
Model-cum-academic Ashley Mears was able to leverage the former of her careers to fuel the latter.
From Cannes to Los Angeles, she partied as a “girl."
A "girl" in this instance is described as "young (typically sixteen to twenty-five years old), thin and tall
(at least five feet nine without heels and over six feet with them).
They are typically though not exclusively white."
Girls, most of them models or Instagram influencers, are recruited by promoters, some of whom let Mears tag
along for her research.
Promoters are paid by clubs to bring girls to their big party nights.
Clubs with girls attract millionaires and billionaires like moths to a flame. And then the spending begins.
Stories of the spending are so mind blowing that it almost drowns out Mears's careful ethnography.
Getting rich people to spend is actually quite a complex thing.
In fact, says Mears, the best way to understand the spending of a billionaire is to compare him (and it is
normally a "he") with a tribal leader.
Beyond being, frankly, bizarre, and strangely enticing, why does any of this matter?
Who cares if billionaires are spending their hard-earned, or not so hard-earned money on pointless
extravagances? Let them.
And so we should. But we should also be worried that this spending is hidden behind closed doors in nightclubs,
or offshore on yachts and islands.
The whales don't want the world to know about their secret spending. "The men I interviewed were conflicted
about such extravagance," says Mears.
One told her they regretted it afterwards:

It is the sheer spending that captures Mears's attention in her new book 'Very Important People'.
Why, or even how could a millionaire spend over $100,000, or even $1 million at a single night club in a single
night?
Not only is this extraordinary behaviour but it takes place in a world strictly behind closed doors.
The global party circuit is where the 0.1% can show off to one another but nobody else.
Doormen, entrance fees and exclusive locations stop the world witnessing this extreme wastage.
Until now.
Model-cum-academic Ashley Mears was able to leverage the former of her careers to fuel the latter.
From Cannes to Los Angeles, she partied as a “girl."
A "girl" in this instance is described as "young (typically sixteen to twenty-five years old), thin and tall
(at least five feet nine without heels and over six feet with them).
They are typically though not exclusively white."
Girls, most of them models or Instagram influencers, are recruited by promoters, some of whom let Mears tag
along for her research.
Promoters are paid by clubs to bring girls to their big party nights.
Clubs with girls attract millionaires and billionaires like moths to a flame. And then the spending begins.
Stories of the spending are so mind blowing that it almost drowns out Mears's careful ethnography.
Getting rich people to spend is actually quite a complex thing.
In fact, says Mears, the best way to understand the spending of a billionaire is to compare him (and it is
normally a "he") with a tribal leader.
Beyond being, frankly, bizarre, and strangely enticing, why does any of this matter?
Who cares if billionaires are spending their hard-earned, or not so hard-earned money on pointless
extravagances? Let them.
And so we should. But we should also be worried that this spending is hidden behind closed doors in nightclubs,
or offshore on yachts and islands.
The whales don't want the world to know about their secret spending. "The men I interviewed were conflicted
about such extravagance," says Mears.
One told her they regretted it afterwards:
"It’s retarded... I mean, do you know how many people you could feed or give water to in Africa."
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