I am thankful for Bill and Melinda Gates and all they have done for so many poor people in the world. But I don’t think philanthropy really has the teeth to address inequality in our country. It’s like in Medeival times when the Queen would give out gold coins to the poor. It’s a nice gesture, but it doesn’t solve the underlying problems. Unless philanthropy can change the tax structure and income distribution problems we have, it will remain a token effort to address inequality.

Bill and Melinda Gates bet big on the future and philanthropy – Yahoo News.