"In the not too distant future philanthropic giving will outstrip federal outlays on non-defense discretionary programs, like education and the arts" -- @ElizKolbert in The @NewYorker.
This is the society you want to live in?
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We are heading toward a state in which a small few throw bucks and tips and donations at the many while capturing and draining our shared institutions. A Downton Abbey republic. If you want to go deeper, there is a book where this thread came from: https://www.penguinrandomhouse.com/books/539747/winners-take-all-by-anand-giridharadas/9780451493248/ …
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You should go on EconTalk. It should make for a very interesting debate
@EconTalker -
Conversation! (not debate). Happy to look at the book...russroberts at gmail
End of conversation
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