Category Archives: Philanthropy

Billionaire Philanthropy

Are you impressed when some gazillionaire gives a ton of money to some charitable foundation? I’m not. No, I’m not impressed when someone with twenty billion dollars gives away ten billion. There’s the fact that they still have ten billion, so what kind of sacrifice is that? On the other hand, someone like Thomas Sowell or Walter Williams could probably make a convincing argument that a person capable of accumulating that much wealth would help society more by keeping the money and continuing to invest it. I am impressed when someone with only a thousand dollars gives five hundred of it to a person he or she believes needs it more than they do.