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MrBeast: Capitalism & Philanthropy

Then & Now: Philosophy, History & Politics

CHAPTER

The Myth of the Gates Foundation

The number of private charitable foundations have skyrocketed in recent years. Domino's recently donated $100,000 to small businesses but then spent $50 million on a marketing campaign making sure that everyone knew about it. Volkswagen championed their philanthropic donations while designing low-emission vehicles that were rigged to cheat emissions tests. Study after study has proven that only a small percentage of charitable donations from wealthy donors reach poor individuals. The rich also gives less of their incomes proportionately than the poor do.

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