The Coffman Chronicle

The Coffman Chronicle

Reagan Killed Philanthropy—Trump Buried It

Once, billionaires had to give back. Now, they just dodge taxes and hoard forever.

Marie Riverton's avatar
Marie Riverton
Feb 13, 2025
∙ Paid

Donald Trump keeps fantasizing about ushering in a “new Gilded Age”—a time of booming wealth, industrial power, and unapologetic capitalism. It’s a catchy phrase to excite his billionaire backers and working-class supporters alike. But here’s the truth: Trump’s vision is a con.

The real Gilded Age wasn’t just about obscene wealth and industrial expansion…

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