Almost all growth in charitable giving has come from wealthy donors. Scott's actions offer a possible path forward in an age of top-heavy philanthropy.
The New York leader has prioritized the wealth and influence of billionaires — many of whom are his donors — over the physical well-being of his most vulnerable constituents.
The net worth of eight American billionaires — the 'pandemic profiteers' — surged by over $1 billion in 2020.
Inherited wealth and crony capitalism have created an aristocratic class that undermines social mobility and democracy.
