Reverse Robin Hood Foundation.
Steal from the poor to give to the rich.
So why is it called the Robin Hood Foundation? Because of Satanic inversion. A simpleton simply could not conceive of the 'chutzpah' required to call your foundation 'Robin Hood' when its intentions are the exact opposite.
'The mission statement of the Robin Hood Foundation brays about all the funding it provides for school programs, generating "meaningful results for families in New York's poorest neighborhoods." Soup kitchens! Homeless shelters! Job training! The tuxedoed tycoons throw money at all these causes "to give New York's neediest citizens the tools they need to build better lives."
How far does this largesse actually go toward ameliorating New York's poverty problem? Unsurprisingly, not very far at all. In fact, as Hedge Clippers points out, the poverty rate in the city has grown over the course of the Robin Hood Foundation's history, from 20 percent in 1990 to 21.2 percent in 2012.
Guess what's also grown? The bank accounts of 19 billionaires on the Robin Hood Foundation's boards, which have ballooned 93 percent since 2008.
Hedge Clippers applied a delicious tactic to expose the hypocrisy at the heart of the Robin Hood Foundation with stark mathematical precision— they used the organizations own metrics as an analytical tool. The foundation is famed for using grantee evaluations, cost-benefit analyses, and performance measures, including a metrics system freakishly named "relentless monetization." So the Clippers applied these methods to the foundation's hedge fund backers themselves, systematically exposing the degree to which they increase inequality and poverty.
How bad it is? A chilling ratio summarizes just how bad - 44:1. That is to say, for every dollar the Robin Hood Foundation hedge fund managers studied give to the organization's antipoverty efforts, they soak up $44 from the public in the form of tax avoidance and anti-tax advocacy. The authors of the report believe that to be a conservative estimate.
Take the case of Steve Cohen, he of the shark in formaldehyde, and board member emeritus of the Robin Hood Foundation.
The tally of his recent donations to the foundation: $4,850,000.
The estimated amount he ripped off the public in 2014 by paying special low tax rates: $1,300,000,000.
Quite a difference.
When they aren't advocating tax swindles, members of the Robin Hood Foundation put in plenty of time fighting fair wages, trying to shred the social safety net, and killing worker protections through their associations with organizations like the Manhattan Institute, the Partnership for New York City (the voice of big business in NYC and a big foe of paid sick leave), and Fix the Debt (a notorious group devoted to crushing Social Security and Medicare).'
toav ago
The charities owned by these billionaire philanthropists are for tax evasion.
I would never trust a billionaire claiming to be a philanthropist
TheSeer ago
Reverse Robin Hood Foundation. Steal from the poor to give to the rich.
So why is it called the Robin Hood Foundation? Because of Satanic inversion. A simpleton simply could not conceive of the 'chutzpah' required to call your foundation 'Robin Hood' when its intentions are the exact opposite.
toav ago
Same reason why him and Soros are called philanthropists.
patriot_biz ago
People don't realize how awful this Kike is. Classic globalist.
patriot_biz ago
I don't think you've met an actual liberal, Kid.
Oh_Well_ian ago
'The mission statement of the Robin Hood Foundation brays about all the funding it provides for school programs, generating "meaningful results for families in New York's poorest neighborhoods." Soup kitchens! Homeless shelters! Job training! The tuxedoed tycoons throw money at all these causes "to give New York's neediest citizens the tools they need to build better lives."
How far does this largesse actually go toward ameliorating New York's poverty problem? Unsurprisingly, not very far at all. In fact, as Hedge Clippers points out, the poverty rate in the city has grown over the course of the Robin Hood Foundation's history, from 20 percent in 1990 to 21.2 percent in 2012.
Guess what's also grown? The bank accounts of 19 billionaires on the Robin Hood Foundation's boards, which have ballooned 93 percent since 2008.
Hedge Clippers applied a delicious tactic to expose the hypocrisy at the heart of the Robin Hood Foundation with stark mathematical precision— they used the organizations own metrics as an analytical tool. The foundation is famed for using grantee evaluations, cost-benefit analyses, and performance measures, including a metrics system freakishly named "relentless monetization." So the Clippers applied these methods to the foundation's hedge fund backers themselves, systematically exposing the degree to which they increase inequality and poverty. How bad it is? A chilling ratio summarizes just how bad - 44:1. That is to say, for every dollar the Robin Hood Foundation hedge fund managers studied give to the organization's antipoverty efforts, they soak up $44 from the public in the form of tax avoidance and anti-tax advocacy. The authors of the report believe that to be a conservative estimate.
Take the case of Steve Cohen, he of the shark in formaldehyde, and board member emeritus of the Robin Hood Foundation. The tally of his recent donations to the foundation: $4,850,000. The estimated amount he ripped off the public in 2014 by paying special low tax rates: $1,300,000,000.
Quite a difference.
When they aren't advocating tax swindles, members of the Robin Hood Foundation put in plenty of time fighting fair wages, trying to shred the social safety net, and killing worker protections through their associations with organizations like the Manhattan Institute, the Partnership for New York City (the voice of big business in NYC and a big foe of paid sick leave), and Fix the Debt (a notorious group devoted to crushing Social Security and Medicare).'