Why it matters: Mike Allen
This Axios AM Deep Dive, ahead of Giving Tuesday, looks at America's homegrown and idiosyncratic system of philanthropy.
Politicians are accountable to the electorate.
Charitable foundations and the billionaires who fund them, on the other hand, are accountable to no one.
- Rob Reich, Stanford political scientist and author of "Just Giving," tells Axios: "Foundations are an unaccountable, nontransparent, perpetual, and lavishly tax-advantaged exercise of power."
The bottom line:
Insofar as philanthropy has a positive effect, it does so via deeply undemocratic means.
| Axios AM Deep Dive |
| By Mike Allen ·Nov 30, 2019 |
This Axios AM Deep Dive, ahead of Giving Tuesday, looks at America's homegrown and idiosyncratic system of philanthropy.
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