There is no denying that Big Tech and its well-known industry leaders have done the world plenty of good. The device you’re using to read these words, and the speed at which you downloaded them, would not exist if not for their relentless spirit of innovation and their desire to push technological boundaries. But an old rule still applies: outsized success inevitably engenders hubris; that … Continue reading Delusions of Philanthropy
After the sky-high consumer spending of Black Friday and Cyber Monday, Giving Tuesday is a day for folks to direct some of their money toward charitable causes instead. While we believe the work we do at the Patriotic Millionaires is certainly a great cause, don’t worry – we won’t be asking for your money today, or ever. As rich people in this country, we’ve certainly … Continue reading We Should All Be Skeptical of Rich People’s Philanthropy
A couple weeks ago, billionaire Amazon CEO Jeff Bezos announced that he would be donating $98.5 million to charitable organizations to fight homelessness across the United States. While the move 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 his fair share in taxes.
Two years ago, billionaire David Geffen donated $100 million for renovations and naming rights to David Geffen Hall. Wealthy due to his success as a music promoter and executive, Mr. 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 donations, in and of themselves. … Continue reading Elected Officials, not Philanthropists, Should Make Decisions for Our Country