The current fad of the financially fabulous is Effective Altruism, which essentially involves promising to give your money while you are still alive to causes and organizations that “do good,” while simultaneously tethering them to your whims through financial dependence. A very specific example of this is the massive money going to barely-surviving but purportedly legit media organizations (or you can just buy the Washington Post.) You get good press when you own it.
Thomas Buckley is the former mayor of Lake Elsinore, Cal. and a former newspaper reporter. He is currently the operator of a small communications and planning consultancy and can be reached directly at [email protected] You can read more of his work at: https://thomas699.substack.com/