All of these philanthropic “foundations” which the wealthy have used to shield their assets and which have become overrun with communists and such, need to be shut down.
The letters of the law that created them need to be repealed, and the entirety of their assets distributed to the rightful heirs and the requisite taxed paid.
We should no longer allow this sort of malevolent actions on the part of these foundations. Kaiser, Carnegie, Ford, Rockefeller, DuPont, etc. They are nothing more than communist front groups shielded by their “philanthropy” when they are in reality misanthropy.
YES, YES, and YES.
Those who originally endowed them would be sickened by what they have become.
Lesson to be learned: it’s nice to want to help people who need help. It’s nice to be concerned about future generations. But the philanthropist has to bear in mind that
a) big piles of money attract evil people who see it as something to help them pursue their own schemes as it is eventually is no longer protected by the good and wise person who acquired the wealth originally, but instead by administrative types who, over generations, become infiltrated by people with increasingly lousy character
b) future generations of society ultimately have to take care of themselves - no amount of inherited money will truly help them in the final analysis.
c) people are much better off if they support themselves. For example, if future generations need resources for medical research - they should be setting aside some of their own income to acquire those resources. Each generation of society has it’s own wealth and income and needs to learn to allocate them wisely. For another example, each generation needs to realize the benefits of pure research and figure out a way to continue it without relying on grandpa’s endowment to fund it. After all, it’s practically impossible that the amounts of money yielded by endowments would automatically be in the optimal amount for the resources needed to propel these types of endeavors in the future - the endower endowed what they had, they did not know future needs or future costs so they could not consider them in setting up the endowment.