Capital Research Center wrote:
Carlyle Group co-founder and major philanthropist David M. Rubenstein coined the term “patriotic philanthropy” to describe giving meant to help restore and preserve those tangible reminders of “the history and heritage of our country,” such as documents, buildings, monuments, and more. To Rubenstein, knowledge and appreciation of American history are key to the continued functioning of democracy today.
The Giving Review reported:
“I guess in many respects, you could say all philanthropy is patriotic because you’re trying to give back to the country,” Rubenstein tell us. He coined the term “patriotic philanthropy,” he continues, " to try to describe some of the type of philanthropy I’ve been doing, and that is to remind people of the history and heritage of our country. My theory has been that people should know more about our history and heritage. Our representative democracy is premised on an informed citizenry and if we don’t have informed citizens—if people don’t know how our government works, know about our history—we’re not going to have as good a democracy as we should like."
Mr. Rubenstein knows exactly how our government works and that's why he has continued to enjoy preferred taxation for decades longer than public will would have allowed. The politically connected private equity underwriter's (PEU) ex-wife characterized his giving as self-serving:
Mrs. Rubenstein described her husband's patriotic philanthropy as "publicity grabs and claimed all her financier husband really cares about is making money."
That marriage ended but PEU preferred taxation goes on. Politicians Red and Blue love PEU and increasingly, more are one.
Update 7-15-23: Someone else noted the rich getting richer.
Update 11-8-23: The Chinese recalled pandas from zoos around the world.
"David is not commenting on the panda situation at this time," Rubenstein's spokesperson Christopher Ullman wrote in an email.
