Charitable giving has become a lucrative industry in the US, with billionaires donating $500 billion to various charitable organizations.
The amount of charitable donations has doubled since 2010, raising questions about the motives behind generosity.
The video explores the hidden agenda behind charitable giving, including reputation-building, tax evasion, and funding projects aligned with the Davos clan's interests.
đ The largest charitable foundation in the world, the Bill and Melinda Gates Foundation, has assets of nearly $50 billion and has received significant contributions from billionaires like Warren Buffett.
đ° Philanthropy has become a full-time profession for the wealthy in America, and giving back to society is considered essential.
âł The concept of permanent corporate philanthropy, which involves creating charitable organizations to manage and distribute funds, was introduced by Bill Gates as a more sustainable and efficient approach.
đ Philanthropic corporations are replacing individual donors with structured teams to optimize donations.
đ° The Foundation Rockefeller introduced the concept of a trust, allowing capital to be invested and the profits to be donated.
đ Many billionaires in the US have their own foundations for tax advantages and control over the problems they want to address.
đ Institutions, governments, and billionaires are seen as valuable partners in philanthropy.
đ€ Generosity can enhance reputation and provide financial benefits.
đ° Philanthropists aim to adapt successful models, like the Green Revolution, to challenging environments.
âïž The use of private seeds and GMOs funded by a foundation has led to the disappearance of traditional African crops and increased dependency on expensive GMO seeds.
đŁ NGOs have expressed concern over the negative impact of these practices and have called on Bill Gates to stop supporting African farmers.
đ° International groups and companies have benefited financially from these agricultural practices, while vaccines funded by the foundation have also benefited pharmaceutical companies.
đ The Giving Pledge aims to disrupt traditional norms of generosity and encourage philanthropy globally.
đŒ Many influential figures, including billionaires like Mark Zuckerberg and George Lucas, have joined the Giving Pledge.
đ«đ· In France, philanthropy is more complex due to legal requirements, but individuals like the patron of Fimalac have still made significant contributions.
đ° Charitable giving by wealthy individuals is both a way to give back and a means to build a reputation and gain influential connections.
đ The global wave of disguised generosity has grown to the size of a powerful state, with many influential figures involved.
đ„ Giving Plage is a tool used to gather people and capital, focusing on causes not properly addressed by governments or international institutions.
đŒ The business of generosity is far worse than what we originally thought.
đ° The video emphasizes the financial motivations behind acts of generosity.
đ« It warns viewers about the potential dangers of being taken advantage of in the name of generosity.
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