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
SUBSCRIBE HERE: http://bit.ly/2nFsvTS
New video every Friday!
Citations and Further Reading:
Hasan Minhaj’s video
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
2021 Annual Report
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/
Follow and Support Second Thought!
Twitter: https://twitter.com/_SecondThought
Patreon: https://patreon.com/secondthought
BuyMeACoffee: https://www.buymeacoffee.com/secondthought
CashApp: $JTChapman
Watch More Second Thought:
Latest Uploads: https://www.youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27
Spaaaaaace!: https://www.youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v
What If…: https://www.youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN–Cvi
Popular Videos: https://www.youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN
About Second Thought:
Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome!
Business Email: secondthoughtchannel@gmail.com
Source
Visit Our Luxury Homes
