Why Billionaire Philanthropy Won't Solve Anything

You ever notice how oligarchs like Warren Buffet and Bill Gates are cast as these uber-wealthy saviors who are singlehandedly raising the world out of poverty? That doesn't happen by accident. In this week's episode, we're taking a look at the insidious philanthropy scheme billionaires use to make sure their reputation remains squeaky clean. Hope you enjoy!

Why Billionaire Philanthropy Won't Solve Anything – Second Thought
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Citations and Further Reading:

Hasan Minhaj’s video
https://www.youtube.com/watch?v=mS9CFBlLOcg

Microsoft Bad
https://time.com/3553242/microsoft-monopoly/
https://en.wikipedia.org/wiki/Criticism_of_Microsoft

Bill and Melinda Gates Rebrand
https://www.gatesfoundation.org/about/our-story

Charitable Tax Deductions (74% statistic)
https://inequality.org/great-divide/every-buck-billionaire-charity-74-cents/ https://ssrn.com/abstract=3462163

Where I Got the 60% of Gross Income Stat
https://money.howstuffworks.com/personal-finance/personal-income-taxes/charitable-tax-deduction.htm

$246.1 Billion Dollars in Charitable Tax Deductions 2010-2014 (free article on Google Scholar)
https://www.journals.uchicago.edu/doi/abs/10.17310/ntj.2011.4.05?journalCode=ntj

Charitable Donations Increase Over Time (the second source is the original, but it’s paywalled)
https://winklergroup.com/wp-content/uploads/2021/06/Screenshot-2021-06-15-160402.png
https://store.givingusa.org/collections/home-page-2021/products/2021-annual-report?variant=39329211613263

5%/95% Split in Charitable Foundations
https://www.philanthropy.com/article/whats-so-special-about-5/
https://www.latimes.com/news/la-na-gatesx07jan07-story.html
https://www.pfs-llc.net/blog/the-5-rule-explained/
https://www.vox.com/recode/2020/5/1/21242144/billionaires-foundations-giving-money-coronavirus-fight

Where the Gates’ Foundation 95% Goes
https://www.globaljustice.org.uk/wp-content/uploads/2016/06/gjn_gates_report_june_2016_web_final_version_2.pdf
https://www.latimes.com/news/la-na-gatesx07jan07-story.html
https://www.wedemain.fr/partager/la-philanthropie-de-bill-gates-alimente-la-machine-capitaliste_a3977-html/ (in French)

Coca-Cola & Passion Fruit Farmers
https://www.globaljustice.org.uk/wp-content/uploads/2016/06/gjn_gates_report_june_2016_web_final_version_2.pdf
https://philanthropynewsdigest.org/news/gates-foundation-coca-cola-technoserve-partner-to-empower-small-scale-fruit-farmers-in-east-africa

Gates Foundation and Charter Schools
https://www.gatesfoundation.org/ideas/media-center/press-releases/2003/05/grant-to-launch-new-charter-schools-in-san-francisco

Oscar Wilde’s Quote
https://www.marxists.org/reference/archive/wilde-oscar/soul-man/

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