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44. The Charity Laundromat: the Façade of Elite Philanthropy
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Join us to explore how the ultra-wealthy exploit philanthropy, particularly through "Donor-Advised Funds" that allow them to store billions in donations with significant tax benefits. This practice skews public priorities to favor personal ideologies over collective needs and intertwines conflicts of interest, where the rich further their wealth and power under the guise of charity. We'll delve into examples like Elon Musk, revealing how such figures use philanthropy for personal gain rather than for economic justice.
Further Exploration and Notes:
Why is there so much secrecy in philanthropy? VOX, Whizy Kim
What is a Donor Advised Fund (DAF)? National Philanthropic Foundation
Five benefits you could receive from a DAF - Medical Economics- Julianne F. Andrews
Bill Gates Promised to Give Away His Wealth. Well, That Was BS - BY GEOFFREY JAMES, CONTRIBUTING EDITOR, INC.COM
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