XPost: misc.consumers.frugal-living
Revealing the True Cost of Billionaire Philanthropy
How the ultra-wealthy use charitable giving to avoid taxes and exert
influence — while ordinary taxpayers foot the bill.
November 20, 2023
by Helen Flannery, Bella DeVaan, and Chuck Collins
This week, we released a crucial new report revealing the true cost of billionaire philanthropy to taxpayers, the nonprofit sector, and our
society.
The report comprehensively details how the ultra-wealthy use
charitable giving to avoid taxes and exert influence, while ordinary
taxpayers foot the bill. Some ultra-wealthy givers make genuine
efforts to give back. But others appear to use charity to burnish
their public image, amplify their political voice, and protect their
assets.
https://inequality.org/great-divide/true-cost-of-billionaire-philanthropy/
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