Readers, What Would You Do With $300,000?

Chump Change for the WealthyIf I had $300,000 lying around, I can assure you that spending it on James Patterson’s latest gimmick — a self-destructing release of his newest crime novel, Private Vegas — isn’t what I’d do with the money.* But Patterson and Mother New York, the advertising agency behind this promotion, are fairly certain they’ll find a buyer. That person will pay $294,038 to receive:

  • A trip to an undisclosed location;
  • Two nights in a luxury hotel;
  • 14-karat gold-plated binoculars;
  • Five-course dinner with Patterson; and a
  • Copy of Private Vegas that the purchaser only has 24 hours to read before it will self-destruct (with the help of a bomb squad)

According to Mother New York’s Susan Holden (via The New York Times ArtsBeat):

[Patterson] said to me that he wouldn’t be surprised if one in his circle of friends might be interested … He’s a super down-to-earth guy, but he runs with a billion-dollar crowd, so for some person that’s a huge Patterson fan, this could be chump change, and could be funny.

There is something very unseemly about describing $294,038 as “chump change,” isn’t there? It’s far more money than the vast majority of American households make in a year.

It’s even more distasteful in our current financial climate: many people in this wealthy crowd are becoming more wealthy by the minute and are actually less generous in their charitable giving than people who make only a fraction of what they do.

As a report found last fall, the wealthiest Americans, those making above $200,000 per year, give a smaller percentage of their income to charitable causes than those who earn under $100,000. At the same time, “Even though wealthier Americans donated a smaller share of their income, the total amount they gave increased by $4.6-billion, to hit $77.5-billion in 2012, using inflation-adjusted dollars.” In other words, they’re giving more, but they’re making even more than that.

Some might look at those numbers and think it’s okay for the wealthiest in our society to give a smaller percentage of their worth if the number of dollars increases. Anyone who thinks that has no idea of how great the need for charitable giving is. Those would be people who don’t understand what poverty really looks like, how meager our social welfare net is, or how many charitable nonprofits struggle to keep the lights on during lean economic times.

To his credit, Patterson has made headlines over the last year for his donation of $1 Million to independent bookstores. That may be “chump change” to him, considering his enormous net worth, but at least it’s something (and I don’t know anything about other charitable contributions he might make).**

Let’s hope that others in the multi-million and billion-dollar crowds are at least equally generous. Let’s hope that whoever drops nearly $300,000 on Patterson’s “explosive” book experience will at least double that amount in a charitable contribution of their choice. What’s “chump change” to someone worth a billion dollars could be a lifeline for thousands of people.

_____________________________________________________________

*As for me, there are an endless number of causes I’d want to support with that kind of money, starting with establishing a fellowship that gives graduating law students an opportunity to become public interest attorneys at the nonprofit where I now work. There is a great need for low-income legal services and resources.

**Patterson and his ad team haven’t forgotten about readers who don’t run in a billion-dollar crowd. 1,000 people will be able to read the book for free at selfdestructingbook.com. But they must complete this “mission” within 24 hours, at which point the e-book will “self-destruct” (disappear).

15 thoughts on “Readers, What Would You Do With $300,000?

  1. It sure is very insensitive. Still, I don’t envy anyone their wealth and no one is obliged to be charitable and I’d sooner acknowledge whatever charitable contributions he chooses to make. The US has a horrendously high spend budget on health care, social benefit etc. and there still remains huge need.
    But even in our fortunate and wealthy island there are still food parcels being handed out and old people afraid to switch on the heating. One fine example (among many) of charitable giving is a multi-millionaire who hands out £100 to each and every pensioner each and every Christmas. And, being without dependents, he is leaving his fortune in trust for the benefit of the people.

  2. The Kanye West of publishing is back!

    You know, that’s unfair to Mr. West. According to looktothestars.org, Kanye has performed at a variety of charity concerts, has organized charity auctions, founded an organization (named after his mother) to use writing and music to prevent at-risk kids from dropping out of high school, and “has been a vocal and outspoken supporter of broader education issues, and of organizations such as Doctors Without Borders, Human Rights Watch and Oxfam America.” Come to think of it, his quip about George W. Bush came during a Hurricane Katrina fundraiser. The guy is doing charity stuff all the time.

    According to that same website, Mr. Patterson’s primary charitable endeavor was to “launch a website.” I guess it is “chump change,” in that the money is coming from a chump. Maybe his next ghostwritten novel can be about a detective trying and failing to find the soul of a wealthy narcissist.

  3. I wish I’d known this at least a couple of days back. I just accepted a copy of this book for review, and was looking forward to reading it. This publicity gimmick for the book though is in very poor taste.

  4. James Patterson is one of the wealthy writers who excoriated Amazon during the Hachette mess this past year. He went on and on about how Amazon was ruining the noble art of writing by publishing indie authors and sticking it to Hachette to bring prices down. What this latest trick shows is that he’s in it for the money, and only the money.

  5. I stopped reading Patterson when he became a giant business that puts out books every five minutes. I wonder what his author collaborators make?

    As for your question: $300K would be a glorious windfall. I’d retire for real, take vacations, write, treat my friends to stuff, and of course, donate to my favorite causes. I have two: Humane society and LGBT+ organizations.

    1. I’m also curious to know what Patterson’s collaborators make. This whole gimmick leaves a bad taste in my mouth. Patterson just loves to see his name in the headlines.

I appreciate your comments (respectful dissent is welcome)!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s