4 ms·

What does "abuse" mean in this context?

• jacquesm 11mo ago
  Use their wealth to accumulate more wealth through political connections. Use their wealth to disenfranchise others. Use it to harm others. How many forms of abuse are there and what would it take to enumerate them all?
• frm88 11mo ago
  Most of them actually make pretty good money with their philantropy: https://ips-dc.org/report-true-cost-of-billionaire-philanthropy/ https://ips-dc.org/report-true-cost-of-billionaire-philanthr... and a lot of it is paid for by taxes. " - $73.34 billion in tax revenue was lost to the public in 2022 due to personal and corporate charitable deductions. - If we include just the little data we have about charitable bequests and the investments of charities themselves, the revenue loss is pushed up to roughly $111 billion. - And if we also include the capital gains revenue lost from the donation of appreciated assets, the true revenue costs of charity likely add up to several hundreds of billions of dollars each year."