Billionaire Charity Isn't Real: The Myth of Elite Philanthropy

Описание: Billionaire philanthropy is lauded by many as a means of protecting our vulnerable populations through charity. But do rich people actually give enough to charity for this to mathematically make sense? It turns out, not only are wealthy Americans not donating very much money overall, they're also donating money to the wrong places. Wealthy philanthropists are taking advantage of tax loopholes and investment vehicles to enrich themselves while making it look like they're doing some good through charity work. In this video, we examine how this happens, and how the very wealthy use philanthropy as a smokescreen to further their own interests.
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