Inherited Wealth

A disturbing milestone in the concentration of U.S. wealth

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.