Billionaire philanthropists are combining outsized political contributions with the glow of their reputations as selfless doers-of-good. They have the wherewithal to hammer away at pet policies ad infinitum.
New report shows philanthropy mirrors our growing inequality. As wealth concentrates in fewer hands, so does philanthropic giving and power, posing considerable risks to our democracy.
“Plutocracy” first burst big-time into our national political consciousness in the late 19th century, and the concept still conjures up today, well over a century later, much the same images as way back then. We envision, at any mention of “plutocrat,” some Wall Street banker, his pockets overflowing with greenbacks, or a robber baron industrialist, […]
The life experiences of the wealthy, new psychological research suggests, leaves a society’s rich less compassionate and altruistic than people of more modest means, a finding that throws into doubt public policy approaches that rely on the wealthy “to give back.”
Billionaire cash contributions have been cascading into America’s most troubled school districts. Unfortunately, so have billionaire perspectives on education.