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Guess Who Gives More of Their Money to Charity: Is People Who Make More or Less Than $200k a Year?
http://www.alternet.org/economy/guess-who-gives-more-their-money-charity-people-who-make-more-or-less-200k-yearBillionaire CEO Nicholas Woodman, news reports trumpeted earlier this month, has set aside $450 million worth of his GoPro software stock to set up a brand-new charitable foundation.
“We wake up every morning grateful for the opportunities life has given us,” Woodman and his wife Jill noted in a joint statement. “We hope to return the favor as best we can.”
Stories about charitable billionaires have long been a media staple. The defenders of our economic order love them — and regularly trot them out to justify America’s ever more top-heavy concentration of income and wealth.
Our charities depend, the argument goes, on the generosity of the rich. The richer the rich, the better off our charitable enterprises will be.