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OKIsItJustMe

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13. The philanthropy of the rich has tended to be less than the philanthropy of the poor (as a percentage of income)

Thu Oct 24, 2024, 01:52 PM

Oct 24

Last edited Thu Oct 24, 2024, 02:30 PM - Edit history (1)

https://www.philanthropyroundtable.org/almanac/who-gives-most-to-charity/

(Mind you, that’s as percentage of income, not of “disposable income.” The income of the rich is almost all “disposable income.” While almost none of the income of the poor is “disposable.”)

I hold back from laughing when I hear about some impossibly rich person who has promised to give 90% of their fortune away to charity when they die. Even if they give away 90% of their fortune while they’re alive, that still leaves them with 10% of an incomprehensible fortune. Imagine if Laurene Powell Jobs (Steve Jobs’ widow) had to “get by” on a mere $157,000,000/year!

Ben & Jerry’s once had a truly progressive salary policy. The CEO could make at most, 5 times his lowest paid worker. When “Ben” retired, they couldn’t find a new CEO who would be willing to work for such paltry wages, so the policy was changed.
https://www.cbsnews.com/news/occupy-wall-street-why-ben-jerrys-endorsement-rings-hollow/

However, even now, how many companies have a similar attitude toward their employees?

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Highlight:

U.N. says only a 'quantum leap' can keep global climate goals within reach [View all] OKIsItJustMe Oct 24 OP

Embrace the horror. Moostache Oct 24 #1

Maybe the genius Elon Musk and others like him should focus on this Redleg Oct 24 #2

I've been contemplating that re: Musk, especially lately- callous taoboy Oct 24 #5

I wonder how many of the most wealthy people truly are "good guys" Redleg Oct 24 #11

The philanthropy of the rich has tended to be less than the philanthropy of the poor (as a percentage of income) OKIsItJustMe Oct 24 #13

Good points. I guess after death is better than never. Redleg Oct 24 #15

A lot of philanthropy is a sham DSandra Oct 25 #27

Elon Musk doesn't think climate change is a threat OKIsItJustMe Oct 24 #6

But for some reason we just have to get to Mars. Redleg Oct 24 #8

Giving the devil his due OKIsItJustMe Oct 24 #12

I think you are right that Musk wants to rule without constraints Redleg Oct 24 #14

Here is a quantum leap in CO2 capture just announced yesterday masmdu Oct 24 #3

Magic pixie dust OKIsItJustMe Oct 24 #4

We don't have time to waste waiting for magic pixie dust! OKIsItJustMe Oct 24 #7

In a world of right wing politics: good fucking luck... nt EarthFirst Oct 24 #9

Someone at the UN has a dark sense of humor OKIsItJustMe Oct 24 #10

Maybe a video game will sell it OKIsItJustMe Oct 24 #16

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"U.N. says only a 'quantum leap' can keep global climate goals within reach" LudwigPastorius Oct 24 #18

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