Billionaires may claim huge tax deductions for moving money into foundations or donor-advised funds with little to no guarantee that money will ever make it to working charities.
Americans are their most charitable at year’s end. But even on Giving Tuesday, billionaire donors crowd out the impact of small-dollar gifts.
The Institute for Policy Studies’ new report, Gilded Giving 2022, shows the risks of increasingly concentrated philanthropic power.
Our nation’s charitable system is in danger of becoming a taxpayer-subsidized platform of private power for the ultra-wealthy.
A promising new national campaign is aiming to ‘TURN’ around a profoundly unequal USA.
Vast fortunes rely on destroying our planet. Taxing those fortunes to fund climate action could give us a shot at survival.
“These dramatic wealth gains are unseemly in the face of the loss of over a million lives and millions of livelihoods.”
Massachusetts billionaires’ wealth surges 46 percent during the COVID-19 pandemic.
The case for taxing the rich gets an unexpected boost.
Over 150 millionaires delivered a statement to the World Economic Forum, calling on Davos attendees to take on wealth inequality.
As it turns out, high-earners won’t leave if you increase their taxes.
It was poverty that made the pandemic so deadly. We shouldn’t compound the tragedy of 1 million COVID-19 deaths by letting it continue.
Can’t our society find something better to do than give billionaires playpens over a quarter-mile up?
Our second Gilded Age isn’t as enchanting as Condé Nast and celebrity spectacle make it seem – but a red carpet parade while event workers struggle for dignified treatment epitomizes the era.