Silicon Valley philantropy

Axios Silicon Valley’s perversion of philanthropy:

Under the new conception of philanthropy, the act of making the fortune itself is the philanthropic act. There’s no need to give any money away — feel free to go ahead and drop more than $220 million on Malibu property if you’re so inclined. Just by dint of getting rich, your philanthropic work is largely done.

The article has a good list of names, and statements that would be hilarious is they were satirical. But reality is more satirical.

In a world where the pay gap between CEO and workers is 400x, they consider this the charitable act.

Once upon a time, the millionaires did give back. They did build hospitals, libraries, schools, gave scholarship, etc. No more. Now you get asked at the checkout if you want to donate $2 to the store to end world hunger.