By Morris Pearl

From time to time, a news story about a very wealthy individual doing something very kind with their money goes viral. Billionaire Robert F. Smith recently paid off the student debt of the entire Morehouse College class of 2019. Hamdi Ulukaya, CEO of Chobani, paid off student lunch debts for an entire Rhode Island school district. Last year, Patagonia CEO Rose Marcario pledged to donate the company’s entire $10 million tax cut to non-profit organizations fighting climate change. These are stories of extraordinary generosity -- and that’s kind of the problem.

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