This is the potential dark side of philanthropy. You hear the word "philanthropy" being tossed around a lot by billionaires. But can it only be a thing designed to benefit the greater good?
Unfortunately, there's a lot of evidence that no, it's also helping to benefit those taking part in philanthropy. Either via saving money in taxes, generating positive public relations, as well as diverting our attention away from what they don't want us to see.
As always, I want you to focus on following the money behind anything you're hearing in the news, and figuring out if there's something you're not being told. Chances are, there's more than meets the eye.
Sorelle Amore Finance
00:00 - Questioning the motives of philanthropy
01:18 - Mark Zuckerberg and the Chan-Zuckerberg Initiative
02:26 - Potential concerns behind the Chan-Zuckerberg Initiative
05:08 - A short intermission
05:47 - William Gates III
06:47 - Potential concerns with The G. Foundation
10:02 - Follow the money behind philanthropy
12:11 - A short outro