Rich People Should Sacrifice
[December 13, 2002]
By Nicholas Provenzo
Here’s a good one: The Washington Post ran a letter
criticizing Catherine Reynolds' recent $100 million donation to the
Kennedy Center by Mark Weadon.
“The Dec. 7 front-page
story…said that Ms. Reynolds made her fortune "in the student loan
business." Am I alone in finding this disturbing?
At a time when college
students and their parents and universities are struggling to make ends
meet, how is it possible for one person to amass this kind of wealth from
the sale of education loans?
Something is deeply flawed
when so much money can be siphoned out of a system in which both students
and colleges operate on razor-thin margins.
Perhaps students, universities
and the nation would have been better served if even a portion of Ms.
Reynolds's vast income had gone toward lowering student loan interest
Heck, why not eliminate all interest, because after all,
wouldn’t the nation be better served if no one had to pay to borrow money?
Never mind that Ms. Reynolds' wealth came from loaning
people money to get an education that supposedly would allow them to be
self-sufficient. Never mind that Ms. Reynolds pays a large percentage of
her wealth in taxes. And never mind that Ms. Reynolds is now using her
wealth to support the arts.
Apparently, the only people who should make money in
life are whiners like Mr. Weadon. People like Ms. Reynolds should just
work for free putting people like him through school. After all, rich
people should sacrifice more. Bully for the Post for allowing a platform
for such an enlightened opinion!
Mr. Weadon's letter makes me think setting up a free “one-way
trip to North Korea” program would have been a
better investment of Ms. Reynolds' money.
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