The influence of the Rockefellers
I was surprised to find Gary Allen's book The Rockefeller File online and so accessible.
Although written in 1975, making some of its references outdated, it is a compelling read about the true power of one of America's most famous families.
Being long, I suggest you skim the book.
The chapter on charitable foundations is one of the most fascinating. It claims that families like the Rockefellers, the Fords (think Henry, not Gerald), and the Carnegies funnel their money into non-profit foundations not because of their charitable inclinations, but because it is an awesome tool to avoid taxes while keeping control of their money.
Such foundations can then fund programs that can thus increase the family's wealth. For instance, he used the Rockefeller Foundation's emphasis on medical health, stressing new drugs to cure problems. This would then stoke their profits in the drug companies in which they have stake.
Can anyone say the Bill and Melinda Gates Foundation?
It's worth a quick read.
Although written in 1975, making some of its references outdated, it is a compelling read about the true power of one of America's most famous families.
Being long, I suggest you skim the book.
The chapter on charitable foundations is one of the most fascinating. It claims that families like the Rockefellers, the Fords (think Henry, not Gerald), and the Carnegies funnel their money into non-profit foundations not because of their charitable inclinations, but because it is an awesome tool to avoid taxes while keeping control of their money.
Such foundations can then fund programs that can thus increase the family's wealth. For instance, he used the Rockefeller Foundation's emphasis on medical health, stressing new drugs to cure problems. This would then stoke their profits in the drug companies in which they have stake.
Can anyone say the Bill and Melinda Gates Foundation?
It's worth a quick read.
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