Here are the decisions he made about what to do with his riches:
1. I would first pay all my taxes. I told the guy who did my 1040 not to declare any deductions other than the mortgage and to pay the full federal, state and city tax rate. I proudly contributed nearly 1 million dollars for the privilege of being a citizen of this great country.
2. Of the remaining $2 million, I decided to divide it up the way I once heard the folksinger/activist Harry Chapin tell me how he lived: "One for me, one for the other guy." So I took half the money -- $1 million -- and established a foundation to give it all away.
3. The remaining million went like this: I paid off all my debts, paid off the debts of some friends and family members, bought my parents a new refrigerator, set up college funds for our nieces and nephews, helped rebuild a black church that had been burned down in Flint, gave out a thousand turkeys at Thanksgiving, bought filmmaking equipment to send to the Vietnamese (my own personal reparations for a country we had ravaged), annually bought 10,000 toys to give to Toys for Tots at Christmas, got myself a new American-made Honda, and took out a mortgage on an apartment above a Baby Gap in New York City.
4. What remained went into a simple, low-interest savings account. I made the decision that I would never buy a share of stock (I didn't understand the casino known as the New York Stock Exchange and I did not believe in investing in a system I did not agree with).
5. Finally, I believed the concept of making money off your money had created a greedy, lazy class who didn't produce any product, just misery and fear among the populace. They invented ways to buy out companies and then shut them down. They dreamed up schemes to play with people's pension funds as if it were their own money. They demanded companies keep posting record profits (which was accomplished by firing thousands and eliminating health benefits for those who remained). I made the decision that if I was going to earn a living, it would be done from my own sweat and ideas and creativity. I would produce something tangible, something others could own or be entertained by or learn from. My work would create employment for others, good employment with middle class wages and full health benefits.I haven't been downtown to Occupy Oakland and to be honest haven't really engaged in any serious political thought since college. I didn't even vote in the last election. Everything seemed too far removed and too far gone and participating a waste of my time. The Occupy Wall Street and especially the Occupy Oakland topic is inescapable at this point. People seem to be pretty adamant about protesting until something gets done, whatever that may be. I seriously hope we are in the midst of some actual change, not the fake Obama change.