Over the past few months, several professionals who help manage the philanthropy of prominent billionaires have come to me seeking advice. The ultra-wealthy are feeling the heat from critics who are challenging how they use their massive fortunes.
Most Americans know that two of the leading contenders for the Democratic nomination for president have proposed major tax increases on the billionaire class and are actively polarizing against billionaires on the campaign trail. That’s certainly part of what is creating an uncomfortable environment.
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