Tepper blurb in WashPost

[Paa Langfart]

Quote

David Tepper

NET WORTH: $12 billion

SOURCE OF WEALTH: Hedge funds

CORONAVIRUS RESPONSE: The founder and president of global hedge fund Appaloosa Management, and owner of the NFL’s Carolina Panthers, declined to answer questions about his covid-19 relief giving. A spokesperson for Tepper forwarded a Forbes article in which Tepper said he’d given about $22 million to efforts including Feeding America and Blue Meridian, which is providing direct cash assistance to those in need. Tepper’s foundation has also paid for mobile hotspots with prepaid Internet service for schools in Charlotte, where the Panthers are located.

Tepper told Forbes he expected to give more money as the crisis continued, and implored his fellow billionaires to ramp up their giving.

“We hope that everybody steps up,” Tepper said. “I think in general, in times of need, people have to step up if they have the ability to step up. Period.”

For the median American, Tepper’s giving so far is the equivalent of spending $178.

https://www.washingtonpost.com/lifestyle/style/what-the-50-richest-americans-have-given-for-covid-19-relief/2020/06/02/bb70b94c-9a10-11ea-ac72-3841fcc9b35f_story.html

[bLACKpANTHER]

Quote

For the median American, Tepper’s giving so far is the equivalent of spending $178.

Eat the Rich!!

[cookinbrak]

I've given $150, and I damn sure ain't median.

[Davidson Deac II]

No one really knows how much Tepper has given.  

[WarHeel]

2 hours ago, cookinbrak said:

I've given $150, and I damn sure ain't median.

[Khyber53]

For the median American... basically, if he were you and I this is how much of his money he would have given away proportionately. It's a disingenuous stat in it tries to make him look like some kind of skinflint cheapskate and completely washes over the astronomical impact that giving $22 million dollars does have.

And in the end, if every American gave $178 towards helping out, that would be somewhere in the neighborhood of $63 billion. That'd fix a lot. He's doing his part and to decry his efforts as tightwaddery is just kind of sad.

 

[Billy Love]

37 minutes ago, Khyber53 said:

For the median American... basically, if he were you and I this is how much of his money he would have given away proportionately. It's a disingenuous stat in it tries to make him look like some kind of skinflint cheapskate and completely washes over the astronomical impact that giving $22 million dollars does have.

And in the end, if every American gave $178 towards helping out, that would be somewhere in the neighborhood of $63 billion. That'd fix a lot. He's doing his part and to decry his efforts as tightwaddery is just kind of sad.

 

^
Nailed it!

[Paa Langfart]

1 hour ago, Khyber53 said:

For the median American... basically, if he were you and I this is how much of his money he would have given away proportionately. It's a disingenuous stat in it tries to make him look like some kind of skinflint cheapskate and completely washes over the astronomical impact that giving $22 million dollars does have.

And in the end, if every American gave $178 towards helping out, that would be somewhere in the neighborhood of $63 billion. That'd fix a lot. He's doing his part and to decry his efforts as tightwaddery is just kind of sad.

 

There are at least 40 million of us who are currently unemployed and wondering how we will feed our family

next month, keep the lights on, and keep what health insurance we have.  I don't think it's asking too much to expect one of the richest people in the world, to do more to help those at the bottom.

[hepcat]

6 minutes ago, Paa Langfart said:

There are at least 40 million of us who are currently unemployed and wondering how we will feed our family

next month, keep the lights on, and keep what health insurance we have.  I don't think it's asking too much to expect one of the richest people in the world, to do more to help those at the bottom.

My local food bank says a donation of $1 can provide 4 meals. So Tepper donated the equivalent of 88 million meals. I wouldn't call that something to sneeze at.

[Pejorative Miscreant]

19 hours ago, Khyber53 said:

For the median American... basically, if he were you and I this is how much of his money he would have given away proportionately. It's a disingenuous stat in it tries to make him look like some kind of skinflint cheapskate and completely washes over the astronomical impact that giving $22 million dollars does have.

And in the end, if every American gave $178 towards helping out, that would be somewhere in the neighborhood of $63 billion. That'd fix a lot. He's doing his part and to decry his efforts as tightwaddery is just kind of sad.

 

I would pie twice if I could.  Toppers a good guy but just because he made a lot of money makes him an vil person in many eyes. 

[4Corners]

Love the Washington Post!

[mc52beast]

People who complain about the rich not giving enough usually aren’t giving anything.

[panthers55]

12 minutes ago, mc52beast said:

People who complain about the rich not giving enough usually aren’t giving anything.

Not true. I complain about the rich not giving enough and I give a good portion of what I make to others less fortunate and donate hundreds of hours of volunteer work helping others. And I have done that for the past 30 years. Part of the problem in society is painting everyone with the same brush. 

My experience has been that those with the least often give what they can because they realize they could be there themselves or were at sometime in the past. Rich people sometimes think they earned and deserve everything they get without acknowledging the advantages they have had or the people who helped them along the way. Tepper comes from blue collar and seems to better understand the plight of those who have little or nothing.

[Khyber53]

On 6/4/2020 at 2:23 PM, Paa Langfart said:

There are at least 40 million of us who are currently unemployed and wondering how we will feed our family

next month, keep the lights on, and keep what health insurance we have.  I don't think it's asking too much to expect one of the richest people in the world, to do more to help those at the bottom.

True, but we can't realistically say that at $22 million (and probably growing) he hasn't done something. I mean, that would be a hard yardstick for anyone to measure up to.

Unemployment sucks and right now is probably the most desperate time to be unemployed in the last 80 years without a doubt. But there are other doors to throw eggs at on Richman's Row who deserve it more than Tepper right now.