The Culture of Greed: Puff Daddy’s Son Accepts Scholarship Despite Father’s Half a Billion Wealth

That this is a world of the rich, by the rich and for the rich becomes evident to me everyday. The latest example to the point: Puff Daddy’s son who received a $ 54,000 scholarship to attend UCLA despite his father’s whopping half a billion dollar wealth.

Puff Daddy is considered the riches man in hip-hop and his wealth was estimated at nearly $550 million by Forbes magazine last year.

The rap mogul’s oldest boy will attend top athletic powerhouse UCLA on a full Division 1 scholarship to play football.  The scholarship is only available to the most elite high school athletes, aged 19 and under.

At the same time, UCLA is a school where tuition and fees have tripled in the past ten years, rendering the once affordable UC an expensive school resulting in open protests and general dissatisfaction on the side of students who find it increasingly more un-affordable to attend UCLA.

Naturally, some have questioned the rationale of the school to give this much money to the son of a multimillionaire, especially in light of the astronomic budget crisis in California in general and the UC system in particular.

UCLA’s athletic department needs to consider the fact that perhaps there is another athlete on the football team, who could perhaps really use this scholarship,” UCLA student Neshemah Keetin told CBS Los Angeles.

In its response to criticism over the award, UCLA stressed its “robust financial aid program,” 30 percent of which it said is funded by tuition and fee revenue:

“Unlike need-based scholarships, athletic scholarships are awarded to students strictly on the basis of their athletic and academic ability — not their financial need. Athletic scholarships, such as those awarded to football or basketball players, do not rely on state funds. Instead, these scholarships are entirely funded through UCLA Athletics ticket sales, corporate partnerships, media contracts and private donations from supporters,” the statement said.

Others have argued similarly, namely that his son earned the scholarship and has every right to it, regardless of his father’s wealth.

But it is really not as straightforward as the wanna-be millionaires who keep pandering to the cause of the wealthy in the hopes that one day they will be one of them, claim.  And while no one is debating the fact that Justin Combs is a good student and capable athlete who earned this scholarship, the uproar is not about his scholastic abilities or questioning them or even depriving him of what he  rightfully earned,  this is about a teenager receiving funds to attend college he does not need. Sean “Diddy” Combs is said to have given him a $ 360,000 Maybach for his 16th birthday.

The statement bu UCLA is misleading in its assertion that this is a non-issue since the funding for Justin Comb’s scholarship does not come from the state but through ticket sales,  corporate partnerships, media contracts and private donations from supporters.

While it is true that the money Combs receives does not come from tax payer dollars, that is beside the point because regardless of the source, the money has to come from somewhere no matter what you call it and every dollar that goes to some rich kid that really doesn’t  need it, is taking away money from someone who does.

The whole point of a scholarship is, or ought to be, to honor the work of excellent students and provide them with an opportunity to obtain higher education which they would not be able to do without the scholarship.  Giving people who are wealthy and can afford it money to go to school sort of defeats the whole purpose.

If Justin Combs was independent and could take care of himself without his father’s money, yes, he should be able to keep it. But he is not. His father has been and continues to support him financially, therefore there is no need for him to also keep the money.

Pimp Daddy’s son doesn’t need a scholarship when his dad is sitting on half a billion dollars, just like wealthy people and millionaires don’t need tax breaks.

Taking something you don’t need is not earning it, it is being greedy.

And that is what it ultimately comes down to once again. And that is also why so many people cheer for it and don’t think he should return the $ 54,000.

Greed and with it the love for money are the cultures that have been fostered deep into the American mind. Any unscrupulous act in this country is excused, condoned  and apologized for as long as it creates wealth.  Whether the means by which one arrives at that wealth is unethical or hurting others is irrelevant.  If it makes money, it goes and is erroneously called The American WayThe American Dream or “success”.

The sad reality is that UCLA is in a budgetary crisis. Tuition has gone up, the economy down and lots of students will have to either take out more student loans, thus remaining in debt for a long time after entering the workforce, to be able to attend college or they will not be able to attend at all. In fact, UCLA became a focal point in the Occupy Wall Street protests, with students rallying against a planned 16 percent tuition fee hike. In April, the school was forced to embarrassingly clawback $27 million in financial aid accidentally deposited into students’ accounts.

The Culture of Greed

Given the genuine crisis the UC system finds itself in, scraping for every dollar to be able to make education semi-affordable to people, is it unreasonable, jealousy or assholish even to ask that the son of a semi-billionaire not accept the $54,000 athletic scholarship? Don’t we have a responsibility toward one another as human beings to do the right? Is the “each person on his own” mentality the American Way? Are these the values we ought to instill upon future generations? The bottom line?

No wonder Mitt Romney thinks that being a business person is the one and only legitimate claim to the Presidency.  In fact, the entire platform he is running on is based on this ridiculous assumption. He actually believes that every American can and should want to be a millionaire.  As if jobs like teacher, firefighter, nurse, scientist or professor could ever produce millionaires.  Jobs that, nonetheless, are vital to the functioning of society.

We are a nation of wanna-bes chasing the money or die trying.  And of course we embrace and applaud anyone and anything that caters to that notion, thinking that maybe by supporting such notions we somehow “reserve” a place for ourselves in the millionaires hall of fame.

I think Bill Maher, as usual, summarized my sentiments quite brilliantly:

Mitt Romney has to start understanding why people don’t like him: it is not because he is rich, it is how he got richNow here are some other rich guys.  Here’s Henry Ford with his Model T.  Walt Disney with an early cartoon idea.  Jobs and Wozniak with their first desktop. 

You see what the first three have that Mitt doesn’t?  A product.  Something they made besides money.

You know, venture capitalists are not creators.  They’re businessmen who find weak companies, and prey on them.  And Mitt can’t understand why anyone would ever question capitalism no matter how feral it gets.  ‘What?  We found a wounded animal and we ate it!’

The quintessential America

The folks at Bain, including Romney. This picture summarizes the reality in America and everything that is wrong with it.

 At one of the debates, Mitt said, ‘I won’t try and define who’s rich and who’s not rich, I want everybody to be rich.’  Cue the morons in the audience clapping their hands like seals at a Sea World getting a bucket of chum.

Well, I can define who’s rich and who’s not.  Who’s rich is Mitt Romney. And who’s not is someone making $26,000 a year. And the success or failure of his campaign will depend on his ability to convince someone making $26,000 a year that he, Mitt, a rich guy, knows how to make them rich too.  And if you elect him, he’ll tell you the secret.

It’s not a political platform, so much as a wealth seminar.  This is the same thing that makes guyslike Tony Robbins rich.  They have a secret.  But the secret turns out to be that they’re rich because they’re robbing you! And somehow Americans are good with this.

Yes, that’s how Mitt Romney rolls, straight outta Salt Lake.  Get equity or die trying. Remember, Mitt knows the secret.  Obama doesn’t know the secret.  As Mitt always says, Obama never even ran a corner store.  He was a community organizer helping poor people!  Bleh!  What would you rather do, help poor people, or have money in your mouth?” 

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