5 Daily Wealth-Building Habits Rich People Swear By

2. They Are Generous and Philanthropic

Philanthropy, while touted as a means of redistributing wealth, often serves the interests of the rich. In the US, where philanthropy is abundant, only a fraction reaches the poor; much goes to elite universities, cultural pursuits, and healthcare. In the UK, the bulk of millionaire donations favor higher education and the arts, benefiting institutions attended by the wealthy. Tax incentives further amplify this disparity, as taxpayers subsidize the philanthropic gifts of the rich. Consequently, philanthropy perpetuates existing power dynamics, reinforcing the influence of the affluent while neglecting systemic issues of economic justice and redistribution.