The billionaires won’t save us.

That has been true. But it’s especially so now as the nation confronts a cascade of challenges crying out for a major philanthropic response that the wealthiest haven’t met.

The top 50 richest people and families in the United States have dedicated less than one-tenth of one percent of their collective $1.6 trillion toward alleviating the health and economic crises brought on by the coronavirus pandemic

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