charity

EconomyOpinion

Private charity: just another scam for 1% rich

We were told that the generosity of the rich would make up for cuts to government services. But those at the top are increasingly using dubious “charitable” ventures as vehicles for profit and influence. Institute for Policy Studies’ report Gilded Giving 2022: How Wealth Inequality Distorts Philanthropy and Imperils Democracy, charitable giving is more dominated than ever by those at the top of the income and wealth pyramid.

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