May 31, 2007 | Read Time: 1 minute
The concentration of wealth into fewer and fewer hands could be a good thing for organizations that work to promote social change.
But that will only happen if wealthy people use their money as a tool to improve society and teach their children to adopt the same philosophy, writes Phil Cubeta, a financial and charitable-giving adviser who runs Gift Hub.
Unfortunately, though, America is more closely resembling an oligarchy in which “wealthy families throw their weight around through the funding of think tanks, lobbying, charitable donations, board seats, and business deals so that all of society is essentially rigged to their benefit,” Mr. Cubeta writes.
Still, Mr. Cubeta — who describes himself as a “morals tutor to America’s wealthiest families” — sees hope.
And he calls on those who share his role — and mindset — to play the role of tutor, with the hope that they can help put America’s wealth to good use.
“My job is to take the oligarch and his spoiled kids and whip them into shape,” he writes. “Very difficult considering the state of American education. But, as long as a few families will control our destiny as a nation, it becomes very important that we have enough fools to go around.”
Is enough time being spent teaching America’s wealthy about the role of philanthropy in society? Click on the comments link below this post to share your thoughts.
