Valuetainment - ＂The GUILT Of Being Wealthy＂ - How Foundations MANIPULATE Billionaire Donors

00:00:00.000 So in 1935, you know who was the richest man in the world?

00:00:03.480 Rockefeller.

00:00:04.100 You know who number two was?

00:00:05.820 Henry Ford II.

00:00:06.860 You know what Henry Ford II wanted to do?

00:00:09.220 Entertain charity.

00:00:10.200 Let me tell you what he ends up regretting, okay, what he ends up regretting.

00:00:13.980 Why I no longer believe in this whole concept of when I die,

00:00:17.920 I'm going to die with zero and leave it all for charity. 0.99

00:00:21.520 The dumbest idea in the world, after I read this to you, 1.00

00:00:24.680 the dumbest idea in the world. 1.00

00:00:26.760 Give to charity today if you trust the person that's running it. 0.99

00:00:29.280 do not leave in your inheritance for a charity that is going to be anybody else that could be

00:00:33.840 running it that things could change look what happened to Henry Ford that he eventually resigned

00:00:38.140 from the charity that he started himself so it was in the home that Edsel Ford was confronted

00:00:43.280 with a greater challenge in 1935 Roosevelt administration pushed through tax reforms that

00:00:48.440 demanded 70 percent of large inheritances when his father died Edsel realized the family would

00:00:55.220 be forced to liquidate their stock and lose control of the company which bore their name so

00:01:00.200 henry ford despite his reputation as a what he stood with charities historian william greenleaf

00:01:06.600 estimated that elder ford donated 37.6 million to charity during his lifetime he built a world-class

00:01:13.600 hospital in detroit as well as a henry ford museum in greenfield village in dearborn was one

00:01:18.680 of the most important institutions dedicated to american history in the hopes preserving at least

00:01:22.840 a part of our history and tradition he did not believe that charity meant for more financial

00:01:29.060 donation but involved a living activity stating i do not believe in giving folks things i do believe

00:01:35.000 in giving them a chance to make things for themselves so look how the story goes so etzel

00:01:40.160 seemed to have worked henry ford ii and control was the most powerful person in america they

00:01:44.680 started donation there were only two other foundation trustees both men employed by the

00:01:49.120 ford motor company so they started charity they're running it there's only two other people part of

00:01:53.960 the board tom and they're both working for who ford motor company the chaos came slowly then all

00:01:59.060 at once henry ford ii was persuaded that he had a moral responsibility to democratize control of

00:02:04.640 the foundation as was increasingly regarded as best practice for charitable organizations at the

00:02:10.260 time so he's trying to be noble and saying hey you know what let's open it up and let's have more

00:02:13.920 people on the board not just me since i started it and i'm giving all the money 100 the money is

00:02:18.340 coming from me well let's open it up the number of trustees does increase and over time the these

00:02:23.640 trustees over increased in boldness and challenging Ford's opinion he's giving the money now they're

00:02:30.960 telling him we're not going to do that so watch this as the influence of those outside of family

00:02:35.580 grew priorities shifted away from traditional Michigan focus of Henry Ford to now the places

00:02:41.800 in 1950 the trustee signed the report of the study of the Ford Foundation on policy and program

00:02:47.300 announcing five areas of action, economic improvement, education, freedom, and democracy,

00:02:52.460 human behavior, and what? World? Peace.

00:02:55.720 They decided that their responsibility was no longer to just Michigan, which is where he built everything.

00:03:01.140 It was to who? The world.

00:03:02.840 1953, the foundation transferred its base of operations from Detroit to where? New York City.

00:03:08.080 It continues. Henry Ford's Detroit was left to crumble.

00:03:13.080 By 1970s, Henry Ford's second loss of control was near total

00:03:17.620 with then-President McGregory, McGeorge, Bundy,

00:03:20.780 flatly denying George's request.

00:03:22.580 Vinny, check this out.

00:03:24.680 Henry Ford is putting money in the charity.

00:03:27.240 He's saying, I want to give money to Henry Ford Hospital.

00:03:30.600 The president of the charity, named the Ford Foundation,

00:03:34.340 says I'm not going to, I'm going to, he flat out denies

00:03:37.160 Ford's request for donation to Henry Ford Hospital.

00:03:41.100 Bundy had more important things to focus on on matters of the world.

00:03:44.900 Author Heather McDonald summarized that his focus became the world.

00:03:48.280 So imagine you're, I'm like, hey, Vinny, you're running my charity.

00:03:51.080 Hey, can you give some money to my hospital?

00:03:52.780 No, we got better things to do.

00:03:53.740 No, I got other stuff going on.

00:03:54.680 We got to solve world peace.

00:03:55.680 Watch what ends up. 0.95

00:03:56.520 More radical still was a Forrest Foundation experience of eugenics

00:04:00.120 and population control in the 70s.

00:04:02.640 Motivated by the belief that global starvation was imminent

00:04:05.060 of the population bomb was not addressed.

00:04:06.800 For example, foundation official Douglas Ensminger created a large-scale sterilization program in India,

00:04:13.960 offering vasectomies to millions.

00:04:16.040 This program infrastructure was then co-opted and made mandatory by Indian prime minister at the time,

00:04:21.020 India Gandhi, likely influenced by Ford Foundation,

00:04:24.320 who ordered a declaration of national emergency and embarked on a forced sterilization drive,

00:04:29.820 which sterilized over 6 million men in 1976 alone.

00:04:35.120 Ford Foundation.

00:04:35.580 Six million men?

00:04:36.320 Six million men were sterilized.

00:04:38.220 In India.

00:04:38.920 In India because of Henry Ford's foundation.

00:04:41.660 Jeez. 0.61

00:04:43.000 Against his wishes.

00:04:43.760 In December of that year, 1976, Henry Ford lost all control of the foundation.

00:04:50.000 He resigned his role and said the following in protest.

00:04:53.860 A public letter that he wrote, front page news, 1976.

00:04:59.300 The diffuse array of enterprises upon which the foundation has embarked in recent years

00:05:04.000 is almost guaranteed that few people anywhere will share a common perception

00:05:08.740 of what the foundation is all about, how it sees its mission, how it serves society.

00:05:13.660 It's a dangerous sign.

00:05:14.740 At the time, I did it on purpose because I thought it was the right thing to do, beginning.

00:05:19.760 Now I think I made a mistake.

00:05:21.980 I should have kept control, and this is at a New York Times story.

00:05:25.500 Do you know what these guys end up?

00:05:26.500 The Ford Foundation remains a raging bull on this day, now totally divorced from anything the original Ford family members have recognized in the last decade.

00:05:33.760 You ready what they put their money into?

00:05:35.600 They have given millions to Southern Vision Alliance, a creation of the revolutionary Marxist-Leninist group, the World Workers' Party.

00:05:42.940 That's not what he stood for. 0.81

00:05:44.740 The foundation grant database, accessible online, lists numerable bizarre donations, $300,000 to build grassroots Muslim power. 0.94

00:05:52.360 $600,000, a Chinese state think tank to promote the formation of an internationally accepted ESG system with Chinese characteristics. 0.64

00:06:01.600 In 2020, their blog proudly announced, we're seeing grantees at the forefront of change that's taken place over the last few years.

00:06:09.640 The Lake Council of Minneapolis pledge to dismantle the police department.

00:06:13.180 Their work is far from over.

00:06:15.680 This charity started good, and now they want to get rid of the police.

00:06:19.220 And so when you look at this, American Red Cross, half a billion dollars after the 2010 earthquake that took place, they raised.

00:06:25.700 They raised a half a billion dollars, of which $170 million was earmarked for shelter, but just six permanent structures were built.

00:06:33.680 The Gates Foundation spent billions of dollars to reform the U.S. school system.

00:06:37.700 The effort ended after investigation found the interventions were ineffective.

00:06:41.720 Madonna's $15 million raising Malawi Academy for Girls Project was destroyed

00:06:47.120 before it broke ground, having wasted millions on salaries, cars, and golf memberships.

00:06:51.620 Weird.

00:06:52.600 And this I Promise School that LeBron James started in 2023

00:06:55.360 had not a single eighth grade student passed the test for math in three years.

00:07:02.060 So guess what when it comes down to charity?

00:07:04.300 Unless if the person running the charity is active today,

00:07:07.260 leave 100% of the money to your family and your kids

00:07:09.960 and do it in a proper way on what it goes to them.

00:07:12.600 There's so pressure about putting money into charities.

00:07:15.140 You know who's given the most money to charity in a single year

00:07:18.300 in the history of America?

00:07:19.660 You know who?

00:07:20.240 A guy named Elon Musk.

00:07:21.260 He paid $11 billion in taxes.

00:07:23.280 That's charity.

00:07:24.520 And you want to say these billionaires, 0.97

00:07:26.340 freaking Forbes magazine becoming socialist, 0.94

00:07:28.660 should have never sold to China.

00:07:30.100 Why would you sell to China?

00:07:32.760 41%.

00:07:33.200 51% to China.

00:07:35.060 What do you think they're going to do?

00:07:36.360 Oh, they remain a small percentage on Forbes family.

00:07:39.700 They own you.

00:07:40.840 You do what they do.

00:07:41.860 Your dad would have never approved of this.

00:07:43.700 So I think this whole concept of what they're doing right now to pressure billionaires.

00:07:48.200 You know what Warren Buffett just announced recently?

00:07:50.600 Guess what Warren Buffett just said?

00:07:51.760 I'm out of Bill Gates' foundation.

00:07:52.800 I'm not doing this no more with you.

00:07:53.940 I'm out.

00:07:54.960 I'm out.

00:07:56.000 Give money to today.

00:07:57.320 Never leave a penny to a single charity after you die.

00:08:02.080 Not a single penny.

00:08:03.320 Control it to go to the right causes based on the right values.

00:08:07.040 Write it in your trust.

00:08:08.160 Write it in your will.

00:08:09.080 If it's not a cause that matches the values and principle,

00:08:12.300 not a penny can my kids give to that organization.

00:08:15.220 So I think this is a very weird time we're living in,

00:08:17.380 but we've got to go back to teaching people history,

00:08:20.160 what mistakes people made, how to do it better.

00:08:22.360 You're creating the wealth.

00:08:23.480 The ultimate wealth you're making is for who?

00:08:26.780 Yourself and your family.

00:08:28.000 Yourself and your family.

00:08:28.960 So you set up your kids to have a chance.

00:08:31.380 You're setting it up so your kids have a chance at winning in life.

00:08:35.640 There is nothing wrong with giving your kids a head start.

00:08:37.980 If you work your ass off for all this money, give it to them.

00:08:41.020 Leave it to them, not to charities.

00:08:42.220 These charities don't care about you.

00:08:44.060 They don't wake up in the morning thinking about your kids and your family.

00:08:46.580 Well, you just made a great point, too.

00:08:48.200 They raised how many millions and millions of dollars,

00:08:51.140 and they couldn't even build the thing because there were golf memberships

00:08:55.020 and cars and what the hell are you talking about?

00:08:56.460 2 Corinthians 12, 14.

00:08:58.140 After all, children should not have to save up for their parents,

00:09:02.400 but their parents for their children.

00:09:04.860 Let me read it again.

00:09:06.340 Corinthians, after all, children should not save up for their parents,

00:09:10.740 but parents for their children. 0.97

00:09:13.080 It's our job to take care of them, not their job to take care of us.

00:09:18.180 We're supposed to set them up.

00:09:20.020 It's our job to give them a head start, not the other way around.

00:09:24.100 There's so much confusion out there with what we're talking about.

00:09:27.140 And then, oh, kids have to take care of their – I mean, don't get me wrong.

00:09:31.100 I do it proudly.

00:09:31.960 I'm grateful in the biggest way.

00:09:33.280 So it's not like it's a burden.

00:09:34.500 Oh, my God, I feel burdened by it.

00:09:35.780 But it's our job to set them up. 0.97

00:09:37.520 Not these freaking charities. 0.99

00:09:38.960 Who the hell are these charities? 0.99

00:09:41.000 Be charitable. 0.54

00:09:42.440 Give to your church if you trust where the money is going to.

00:09:44.860 Like Tom and I, we sat down.

00:09:45.840 They're coming up to us.

00:09:46.440 They said, can you give us money?

00:09:47.500 Where is this money going to?

00:09:49.160 Swimming pool. 0.93

00:09:50.060 His daughter swims. 0.84

00:09:51.160 Let's support.

00:09:51.980 Where is this money going to?

00:09:53.280 To a library.

00:09:54.320 What is it going to have?

00:09:55.000 Great support.

00:09:55.860 Where is this money going to?

00:09:57.080 No, instead of doing this.

00:09:58.180 No, no.

00:09:59.000 No, sorry.

00:09:59.400 I don't know.

00:09:59.980 I think this whole thing, as you go deeper into it,

00:10:03.040 Folks who are making money, and our audience, a good percentage of you guys are fairly wealthy.

00:10:08.120 Get very serious about estate planning and your living trust in place,

00:10:11.280 or else the money is going to get wasted by somebody that doesn't have the similar cause as you.

00:10:15.160 Pat, how much crossover is there with the barbarians to bureaucrats that you always talk about?

00:10:21.780 Is this basically that?

00:10:23.720 You start as the barbarian, you start as the prophet, and then the bureaucrats take over,

00:10:27.800 and they start basically imposing their will against whatever you want.

00:10:31.380 it's the guilt it's the guilt of being wealthy it's the guilt of being successful it's the guilt

00:10:35.580 of oh my god i'm so guilty you know i have too much money i have too much this stop it

00:10:41.620 stop allowing you think that the founder or the person that made the billions has

00:10:46.140 like almost like survivor's guilt yeah so henry ford that started the charity he felt guilty that

00:10:52.220 he was too rich so let's give some money away because that's the right thing to do and you

00:10:55.320 know what let's extend the board let's extend because these are nice people and the people

00:10:59.720 you extend the board to come back and tell you no you can't give money to a hospital you start it's

00:11:04.220 like wait a minute then i resign no we're not doing it that way i always find it so interesting

00:11:07.940 when you see someone like mark benioff how do you start from being an ultra capitalist and then

00:11:12.040 becoming basically a socialist like we just we talked about that starbucks moving a lot their

00:11:16.100 headquarters a lot of different things that you can go with that but anyways i i want this this

00:11:19.960 was something on my mind this weekend i want to let her out let it out to let the audience do

00:11:23.980 whatever they want to do with it i can't tell you yesterday i'm at a football game and a lady pulls

00:11:28.540 up to me she says when are you guys gonna get size 14 i'm like ma'am we just got size seven

00:11:33.360 we just got size eight and a half 14 is coming here soon we got seven and a half says my husband

00:11:38.940 i need size 14 my dad comes home from church we're done eating we're at the house with sean and grace

00:11:44.920 and my dad says when are you getting size 14 i said what do you mean size 14 today at church

00:11:49.660 somebody saw my valutainment logo they came to me they said are you getting size 14 or not so i'm

00:11:54.080 Is there, like, an epidemic going on with size 14?

00:11:56.500 Who needs to use, Shaq, size 14?

00:11:58.340 Shaq needs size 22, 23.

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Valuetainment - April 27, 2026

＂The GUILT Of Being Wealthy＂ - How Foundations MANIPULATE Billionaire Donors

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