I Question This Scholarship Program

Matthew Lesko, more popularly known as that-guy-who-wears-those-weird-suits-and-has-slightly-misleading-infomercials-about-how-you-can-get-money-from-the-government, has started a scholarship program for college students.

According to an Associated Press article:

….Lesko is making a Maryland community college the launch pad for a scholarship program funded by Social Security payments people don’t need.

Lesko, whose known for wearing a suit covered in question marks, says he’ll make three, $1,000 donations Wednesday at Frederick Community College to what he calls the “‘I Don’t Need My Government Money’ Scholarship Fund.”

Lesko says he’s rich; he doesn’t need those Social Security payments.

Um, this seems inefficient. Is this actually philanthropy or some sort of protest against Social Security? Lesko also wants other rich people to “consider making similar donations to help community college students in financial need.”

Well if Lesko gets Social Security payments of $2,400 month isn’t that $3,000 donation pretty paltry? Wouldn’t it make more sense to save up and invest all that unnecessary cash and then make a real difference in a few years?

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Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer