“i agree with love of humanity, and i think we should try to do things that help our fellow human beings,” he told nikhil kamath for the wtf. · from almost a decade of research at the centre for the study of philanthropy & public good, it is clear that any billionaire philanthropy comes with questions about the societal costs. · fifteen years after the giving pledge began, america’s billionaires are wealthier than ever. · despite promises, billionaire philanthropy hasn’t reduced extreme wealth. In total, these billionaires —worth at least $3. 8 billion each—have donated an aggregate. This piece exposes how philanthropy functions less as generosity and more as wealth preservation — and why only progressive tax policy can address runaway inequality. · while a tax bill aimed to cripple liberal philanthropic foundations may upend billionaire giving , charitable vagabonds like mackenzie scott are already rewriting the norm. Elon musk insists that giving away vast sums of money is harder than making it, arguing that real philanthropy demands proof of impact rather than applause. Here’s why the billionaire giving pledge has largely failed. · musk says it’s because philanthropy is difficult. · forbes once again investigated the lifetime philanthropic giving of every member of the forbes 400.
