If you want to be the skunk at the garden party, tell people we should be very alarmed about billionaire donations.

Michael Bloomberg just gave $1.8 billion to Baltimore’s Johns Hopkins University, establishing a fund that will provide financial aid to thousands. While this is an act of visionary generosity, we should be wary of billionaire beneficence.

This isn’t about Mr. Bloomberg, who is a smart and strategic giver. It’s about the way extreme wealth inequality is disrupting democracy, philanthropy and the vibrant independent nonprofit sector that we depend on.

Read the full article at The Baltimore Sun

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies.

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