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The concept of a "billionaire philanthropist" is an oxymoron. If somebody has amassed a billion dollars of net worth, that person likely did so by overcharging for products or services either through monopolistic or oligopoly power in the marketplace. It would be much more impressive to see the "billionaire philanthropist" drastically cut prices for the benefit of mankind rather than merely handing over 10%-20% of personal net worth for purposes of obtaining a tax break long after having gouged the consumer.
quote by
Catman Cohen
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