Gilded Giving 2024: Saving Philanthropy from Wall Street
Philanthropy is becoming just another tool to benefit the wealthy and their money managers — leaving real charities behind in the process. Here’s how we fix it.
When I wrote recently in CNN Business that there should be fewer billionaires in the United States, it was nothing personal. The problem, as I wrote, isn’t a few individuals making money. It’s the whole system that allows their wealth to balloon, all at the expense of everything else we care about – including our democracy.
My colleague Sarah Gertler illustrated – literally – how this system works for us! Take a look and read the full article to learn more about the corrosive impact of billionaire wealth on our democracy.
