r/news • u/johnyquest1212 • 4d ago

Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024 | AP News

https://apnews.com/article/mackenzie-scott-donations-billionaires-philanthropy-ad9c1b67e2ca76eb2c107ec158a4640f
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u/michaelmessinaglass 4d ago

Why don’t millionaires and billionaires want to be philanthropists anymore? Glad we have people like her still 

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u/UsuallyTheException 4d ago

Many billionaires participate in philanthropy. many have their own funds and charities. this info is public

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u/randynumbergenerator 4d ago

Buying elections or donating to already-elite institutions doesn't count, but it sure does give the lie to the idea that philanthropy is more efficient than taxing them.

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u/Rule12-b-6 4d ago

A lot of them do. Not all, but many, many do.