Philanthropist. A rich (and usually bald) old gentleman who has trained himself to grin while his conscience is picking his pocket.

Summary

This quote humorously defines a philanthropist as an older, wealthy individual who appears cheerful while knowingly contributing to charitable causes. The mention of being "bald" adds a satirical element. The quote suggests that the philanthropist's kindness is potentially insincere, as their conscience may be conflicted while they donate money, accentuating the idea of their actions being self-serving.

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