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Economics

The Role of Charitable Giving in Maintaining Class Distinctions

Quick fact

In the U.S., the tax deduction for charitable giving disproportionately benefits the wealthiest donors, effectively subsidizing their philanthropy while allowing them to influence public priorities—a practice sometimes called 'philanthrocapitalism.'

Why this is interesting

We often applaud the wealthy for their charitable donations—but could that very generosity be one of the ways the rich stay rich?