It has been brought to my attention that some people are questioning the integrity or intentions of T Boone's plan. Beyond the obvious implications of Pickens finding solutions through energy in which he is already invested, some individuals have another question. They wonder why there is a multi-million dollar minimum investment requirement for his company, which is out of reach for most people. This has lead to some suggesting we should create a company in which all of us can invest, and if we cannot, then this "must be just a way for Pickens to make more money." But there are reasons investments may be out of reach of lower net worth individuals, and I would like to ensure we all understand what those reasons may be.
Companies have certain rules they must adhere to when they have investors. But they have much less that they need to comply with if they only allow "accredited" investors buy shares in their company. (An Accredited Investor is defined as an individual with a net worth of over 1 million dollars or certain levels of annual income.) And not needing to comply with certain regulations is a distinct advantage when you need to manage your start up costs efficiently. Pickens is not going to want to take that chance when he can create a company without the shackles of extra regulation. (See this link for a more in depth explanation:)
What we most need to do is move forward with solutions as quickly as possible, and if that means supporting people who are already wealthy growing their wealth through this solution - so be it. Is that really such a bad thing? We aren't talking about the creation of an exploitative company here. This is a company which could help to create the sustainability of our species. Who is actually being greedy? Pickens? Or the ones questioning Pickens intentions? Has he not already proven how much wealth he is capable of generating and returning to the people? We are risking the wealth of everyone through our cynicism and resistance to this plan.
The ball is already rolling here. Let's run with it. This is only ONE solution of many to come, and we will have a much greater chance of success if we support all the solutions we can see. Do not question the giver. Support the GIFT! Of course he will benefit from this.... We ALL will benefit. And wealth WILL return to the people and our land through this, in many more ways than simply the growth of stock. And we will have many more opportunities to invest monetarily in the future, through other companies, if we move forward with what can work right now.
Now let's GO!