‘Charitable giving’ isn’t what you think
I want to start today with a warning about "charitable giving" and end with a primer on wealth inequality. The two are closely related, as I'll explain. We're on the cusp of the biggest gusher of "charitable giving" in history. Beware. We tend to think of "charitable giving" as unambiguously good because we equate "charities" with organizations that help the poor and equate "giving" with generosity. But both assumptions are wrong. In fact, the "giving" is actually a giant tax loophole that provides the super-rich a means of dramatically cutting their tax bills while quietly funding ...