November 8, 2009 |
Driving around Los Angeles, particularly around the UCLA campus, it's hard not to notice the hospitals and research centers that bear their name. The father-and-son team of Leslie and Louis Gonda made a fortune from the sale of their aircraft leasing business, and they weren't shy about spreading their wealth around, giving to charities and medical research throughout the city. "For years, they've given away a great deal of money," said Bob Safai of Madison Partners, a Los Angeles commercial real estate firm.
CALIFORNIA | LOCAL
October 19, 1994
At his farewell dinner, Sen. George Mitchell noted that holding public office doesn't guarantee wealth. In today's political climate it seems the question should be: Does wealth guarantee holding public office? JOAN MILKE FLORES San Pedro
November 7, 2011 |
We hear a great deal these days about the top 1% and the bottom 99% in the American economic pyramid. But we also need to consider the 11%. From 1776 to the present, the bottom 60% of the American population, as USC historian Carole Shammas has documented, has never had more than 11% of the country's wealth. We may embrace the American dream of broad prosperity and wealth equity, but we have never been close to achieving it. There has been an explosion of studies examining inequality in the United States recently.
October 16, 2012
Re "He can't escape the economic divide," Oct. 14 Why waste so many column inches on one presidential candidate's wealth? Mitt Romney has money. George Washington, Theodore Roosevelt, Franklin D. Roosevelt, Thomas Jefferson, Andrew Jackson, James Madison, John F. Kennedy and several other U.S. presidents had money. Barack Obama has millions of dollars now. Would most of the people complaining about Romney's wealth choose to have poor parents over rich ones? Karen Karlitz Marina del Rey ALSO: Letters: Pakistan's profile in courage Letters: Hindsight in the Libya attack Letters: The Golden State's pricey gas
July 26, 2010 |
On this day 226 years ago — July 26, 1784 — Benjamin Franklin considered whether society was in need of a "remedy for luxury" in a letter to his trusted advisor, Benjamin Vaughn. In it, Franklin methodically argued against such a need. The current growing clamor for the regulation of wealth makes Franklin's thoughts on the matter relevant today. Consider President Obama's now infamous off-script muttering that "I do think at a certain point you've made enough money." Many have argued that this statement is emblematic of larger anti-wealth, anti-luxury tendencies in the administration's agenda.
May 3, 2013
Re "A split of haves and have mores," April 28 The Laguna Beach Unified School District has an inequitable funding problem similar to the one faced by the Santa Monica-Malibu Unified School District, which seeks to distribute money donated by wealthier parents to less well-off campuses. Enthusiastic parents in my district collect millions for our already incredibly wealthy school district. I routinely propose sharing our funds with our much less wealthy neighbors in Santa Ana, but this suggestion is met with either blank stares or nervous laughter.