The Donor Revolt for Charity Reform
Prominent philanthropists, national funders, and policy organizations are launching a campaign to call for common sense charity reforms.
Since President Trump’s Tax Cuts and Jobs Act was enacted, corporate America and the billionaire class have had a field day. As CNBC recently reported, the beneficiaries of these policies don’t fall that far our of the president’s orbit, let alone his cabinet: Secretary of Education Betsy Devos and her family’s generational wealth have skyrocketed since the policies were signed into law.
At a time when wealth disparity in the United States continues to grow and the lion’s share of the expanding economy moves toward the wealthiest among us, the news that Devos is profiting off the policies of the administration she serves in is anything but surprising, yet wholly counterproductive to a healthy economy and functioning democracy.
We are hurtling towards a destabilizing level of inequality and bold measures are required. Our elected leaders can’t make the 1 percent be generous, and I wouldn’t recommend holding your breath waiting for Devos to give away her inheritance. But we can require them to pay their fair share.
Read the full article at CNBC.
by Bella DeVaan
/by Oliva Alperstein
/by Chuck Collins
/by Inequality.org
/by Helen Flannery
/by Dan Petegorsky
Prominent philanthropists, national funders, and policy organizations are launching a campaign to call for common sense charity reforms.
by Chuck Collins
/by Omar Ocampo
Four years after the start of the Covid-19 pandemic, the United States has 737 billionaires with a combined wealth of more than $5.5 trillion.
by Chuck Collins
Check back for our regular updates on U.S. unemployment and billionaire wealth during the pandemic emergency.
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