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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (764540)1/19/2014 10:43:47 AM
From: SilentZ  Read Replies (1) of 1575863
 
>No links to back up your claim that only 16-20% of the money in philanthropy actually goes toward helping the poor.

I'm happy to give you links, but would it make any difference?

>If Bill Gates thought the government would do a better job helping the poor than his own foundation, he would simply donate it to Obama.

1. That's not how government works. You can't say, "Hey, Obama, here's a billion dollars. Give it to the poor."

2. The wealthy nearly all believe they can do it themselves, better than anyone else.

3. There's no glamour in that. Philanthropy is 95% about the philanthropist's feelings and desire for recognition.

4. There's a place for targeted philanthropy. It just can't do everything, particularly projects on the scale of Medicaid. I'm pretty sure there's never been a philanthropic project to the tune of $10 billion annually (the largest not-for-profit in the U.S., the United Way, takes in about $4 billion a year (http://www.forbes.com/top-charities/).

-Z
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