Blog | September 2019, The Immanent Frame
Giving, time, and a wish
by Leilah Vevaina
Apart from a few tales about Howard Hughes giving a $100 tip, most stories of the wealthy are not of immediate or direct giving. Few “make it rain.” Instead, most of the wealthy use legal and financial instruments, and often teams of professionals, to grow, manage, and dispense their wealth. Or as the “Panama papers” show, people of means often use the mobility of their money to arbitrage favorable tax regimes, hiding their fortunes off shore, and allowing them to grow even further.