The "Charity" of Elon Musk
Nobody who has followed Elon Musk’s rampage through the world of business, social media, and politics would be surprised to learn that his approach to charitable giving has been a bit, well, ill-considered. Heedless. Self-serving. Disrespectful of the norms and the rules. Certainly infuriating.
And Musk’s charitable impact? Only a bit more than negligible.
Musk’s charitable misdoings have come to our attention thanks to a shocking-but-not-surprising New York Times story by Pulitzer Prize-winning journalist David Fahrenthold and his colleague Ryan Mac. For those of us who have been writing and speaking about how some of the wealthiest Americans take unconscionable advantage of the charitable tax laws, it’s instructive when the single wealthiest person of all shows just how off the rails high-end philanthropy has become.
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Political Advisor | Family Wealth Management
11 个月In my view, #ElonMusk stands out as one of the most impactful philanthropists in history. His recent acquisition of #X, seemingly at odds with profit motives, highlights a commitment to safeguarding liberty, justice, and truth. This bold move represents a $40B gift to advocates of freedom worldwide.
Elmdon Capital
12 个月I think the Buffet giving pledge is an abomination...it cheats the federal govt out of hundreds of billions of wealth tax revenue...unAmerican it is. cant believe the libs dont whine and cry about that...think of all the tax dollars they dont get to waste ;)
President and Chief Executive Officer at New Hampshire Community Loan Fund
12 个月this is so good