Billionaires Wield Greater Power Through Charitable and Political Donations

Sunday, May 18, 2014

Billionaire philanthropists are moving beyond traditional charitable causes and tackling policy-oriented issues like climate change, gun control, immigration, and public pensions. And they are stirring controversy as they take a multi-faceted approach in pursuing their expanded agendas, combining charitable giving with lobbying and political contributions.

In the wake of two Supreme Court decisions that have greatly reduced limits on campaign spending, and growing concern about income inequality, some observers are beginning to question whether such giving is more about wielding power than solving problems….