Scott Alexander in Slate Star Codex:
From Vox: The Case Against Billionaire Philanthropy. It joins The Guardian, Truthout, Dissent Magazine, CityLab, and a host of other people and organizations arguing that rich people giving to charity is now a big problem.
I’m against this. I understand concern about the growing power of the very rich. But I worry the movement against billionaire charity is on track to damage charity a whole lot more than it damages billionaires. Eleven points:
1. Is criticizing billionaire philanthropy a good way to protest billionaires having too much power in society?
Which got more criticism? Mark Zuckerberg giving $100 million to help low-income students? Or Mark Zuckerberg buying a $59 million dollar mansion in Lake Tahoe? Obviously it’s the low-income students. I’ve heard people criticizing Zuckerberg’s donation constantly for years, and I didn’t even know he had a $59 million Lake Tahoe mansion until I googled “things mark zuckerberg has spent ridiculous amounts of money on” in the process of writing this paragraph.
Which got more negative press? Jeff Bezos donating $2 billion for preschools for underprivileged children? Or Jeff Bezos spending $2 billion on whatever is going to come up when I Google “things jeff bezos has spent ridiculous amounts of money on?”.
Billionaires respond to incentives like everyone else. If donating to charity earns them negative publicity, and buying a private yacht earns them glowing articles about how cool their yacht is, they’re more likely to buy the yacht.
Journalists and intellectuals who criticize billionaires’ philanthropy but not their yachts, or who spend much more energy criticizing philanthropy than yachts, probably aren’t doing much to promote a world without billionaires. But they’re doing a lot to promote a world where billionaires just buy yachts instead of giving to charity.