Conservatives' Billions Fuel Leftist Establishment
WASHINGTON – Huge left-wing foundations, created with the money provided by pioneering conservative entrepreneurs, are driving the agenda in the U.S., and by extension, through much of the world. And a CEO who has studied the problem says it is time to act.
The "liberal establishment” did not just appear out of thin air, says Neal B. Freeman, founder and CEO of the Blackwell Corp., a television production company with a broad range of client services. Just as the left is better than conservatives at gut-fighting street-smart politics, it is also more adept at maneuvering to control the vast fortunes left by industrialists whose ingenuity built this country’s wealth and left us with a standard of living envied around the world.
"An enormous [generational] shift in wealth is currently taking place,” Freeman pointed out. Presenting a list of the top 10 left-wing foundations sitting on combined assets of nearly $90 billion in tax-free assets, he said the time for conservatives to strike was now.
The goal: Save the next generation of foundations, funded by entrepreneurs whose wealth was sparked in large part by the Reagan revolution.