Why India's rich don't give their money away
I will give you my interpretation:<p>- There is an incredible amount of systemic corruption in India. This means there are people- a lot of them, who are rich not by the value creation or inheritance.<p>- A measure of wealth in India is land ownership, not swathes of hundreds of acres of land like Bezos, but owning a 200 Sq.Ft. land or some real estate property in cities. A flat in a decent city like Bangalore or Hyderabad goes upwards of million dollars.<p>- Binami. These are aliases of rich politicians mostly their family members control hordes of wealth.<p>When these people start to give away, it actually generates negative social capital. They face a backlash from the same people they are donating to because, they cannot donate enough. The reason why recipients are insatiable is because, they view the wealth accumulated by these people is thru&#x27; non-legit means.<p>- We are seeing a new generation of multi-millionaires in this country. Seeing what they saw I don&#x27;t think they will be inspired to donate. If they set up an organisation be it a private charity, there is a good chance they will have to deal with misappropriation of funds in their own organisation.<p>- Add caste based and religion based inconveniences you may cause to general public with your charitable work, unbeknownst to you.