Business

Plutocrat charity is no substitute for a welfare state

MacKenzie Scott, the ex-wife of Amazon chief Jeff Bezos, has given away some $4.2 billion over the last few months. In an article describing her reasoning, she writes: “This pandemic has been a wrecking ball in the lives of Americans already struggling … Meanwhile, it has substantially increased the wealth of billionaires.” So some 384 different organizations across the country have gotten various huge grants.

As far as billionaire philanthropy goes, Scott’s giveaways are about as good as one could imagine. She is certainly not wrong about the pandemic, and she seemingly tried to seriously focus on the highest-need organizations, even giving huge grants to many organizations that didn’t

Source:

theweek.com

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