The Ouroboros of “Philanthropy”

JPMorgan Chase just announced a $40 million initiative to create or sustain 6,000 jobs. And honestly, who's going to argue with that? Not in an economy where graduates leave college buried in debt, social security is quietly hollowing out, the housing market looks less like an asset and more like a dare, and the job market is about as welcoming as the debt that got you there in the first place.

The headlines called it transformational economic leadership. Let’s look at the numbers first.