Blogs > Liberty and Power > THE RICH GIVE MORE TO CHARITY

Jan 1, 2004 12:59 pm


THE RICH GIVE MORE TO CHARITY






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Ralph E. Luker - 1/1/2004

Indeed! David, do you mean to tell me that you are impressed by these figures? It wouldn't take much to show that wealthy Americans use philanthropy, with all its tax breaks for them, to persuade middle income Americans proportionately to contribute more to sustain the general welfare in the private sector.


Jonathan Dresner - 1/1/2004

The income figures are only marginally useful for the richest people, most of whom could stop earning new money immediately, forego unearned income, live off principle, and not go broke for the foreseeable future. This is why we have progressive taxation, too....