We Should All Be Skeptical of Rich People’s Philanthropy
…are – and aren’t – doing to make philanthropy work. First of all, rich people in America need to be giving more, period. We need to be paying higher taxes…
What Happened to the American Dream?
…and another 23% to programs such as medical, empowerment, and education—about 1/3 of philanthropy in total to those in need. 69% went elsewhere. Total US philanthropy in 2019 was $450…
The Good, The Bad, And the Ugly of the HEROES Act
…for the purpose of philanthropy and of course, massive tax deductions. In these unprecedented times, we need as much spending as possible and we cannot rely on voluntary acts of…
Big corporations are Preying on the Small Business Loan Program
…or corporations to save small businesses through private philanthropy either. As a wealthy person myself, I can say that most wealthy people tend to invest their money rather than spend…
Just Pay Your Taxes, Mr. Bezos
…garnered Bezos a fair bit of glowing press coverage, we have reservations about celebrating the world’s richest man for using the spectacle of philanthropy as a political shield against paying…
Vatican Youth Symposium Breakdown
…expand internationally, that this money needs to come largely from wealthy people, and it needs to come from them via taxes, not just philanthropy. We’re facing massive, systemic problems, and…
Abigail Disney Testimony Before the House Committee on Financial Services
…the education most of their parents got either almost or totally free of charge. Philanthropy is often offered as the answer to the problem of inequality. While wonderful, philanthropy is…
Senator Warren is Right: America Needs a Wealth Tax
…should we allow infrequent philanthropy to excuse their wealth hoarding. The stakes are too high. Right now, 40% of Americans cannot afford a $400 emergency, and, as we saw this…
The Problem with Modern Philanthropy
…further their own ideological vision for what our society should look like. While there is nothing inherently wrong with philanthropic giving, it’s become clear that modern philanthropy has become an…
Elected Officials, not Philanthropists, Should Make Decisions for Our Country
…Geffen is well-known today for his philanthropy. For example, UCLA’s School of Medicine was renamed in his honor following a $200 million donation in 2001. I’m not opposed to these…
What is the Point?
…participates fully and equally in our democracy. We can not simply rely on patriotic philanthropy to fulfill the needs of this nation, we must comprehensively imbed it into our very…
Larry Summer Echoes Patriotic Millionaires in Condemning Carried Interest
…philanthropy.” “There’s nothing patriotic or philanthropic about subverting the fabric of our democracy,” Pearl wrote in his response, “the carried interest loophole is the poster child for the problem of…
Patriotic Philanthropy?
…on billionaire David Rubenstein, whose self-proclaimed “patriotic philanthropy” helped repair the Washington Monument after an earthquake and build a gallery to house the Magna Carta, among other things. In his…
Taxes and Philanthropy
…of money to what he calls “Patriotic Philanthropy,” including paying for some of the monuments and museums in Washington DC. I have nothing against the Washington Monument. I was in…