About 70% of donations still come from individuals. "This can be attributed to increases in the stock market and the strong economy which resulted in more discretionary income,"
https://www.fastcompany.com/40584974/americans-gave-a-record-410-billion-to-charity-last-year
How much was given by the 1% to organizations that push an agenda? How much ended up as dark money?
Follow money from the Koch and Soros types. When it comes to education and "foundations" it may count as "charity" but in reality it is anything but that.
I'd also love to see the breakdown of all this extra "discretionary income" versus income levels.
I'm sure Heisy, etc., intended this as a display of the largesse of the wealthy, but in context, it's more like an indictment of their stinginess.
The Dow was up 24 percent in 2017.
The S&P was up 21 percent.
Nasdaq was up 27 percent.
Charitable giving? 5 percent.
Whoopty-doo.
There is no positive stat that will not be bent to a liberal talking point attacking the wealthy.
Quote from: Efficient Frontier on June 27, 2018, 03:49:30 PM
There is no positive stat that will not be bent to a liberal talking point attacking the wealthy.
Thank God someone finally has the courage to stand up for the wealthy this country.
(https://i1.wp.com/gifrific.com/wp-content/uploads/2013/03/Phil-Modern-Family-Point-and-Thumbs-Up.gif?ssl=1)
Quote from: Pakuni on June 27, 2018, 03:46:07 PM
I'm sure Heisy, etc., intended this as a display of the largesse of the wealthy, but in context, it's more like an indictment of their stinginess.
The Dow was up 24 percent in 2017.
The S&P was up 21 percent.
Nasdaq was up 27 percent.
Charitable giving? 5 percent.
Whoopty-doo.
Well most people don't base these financial decisions based on one year of gains. Another reason giving was up is due to the higher standard deduction in 2018. Some people accelerated gifts into 2017.
Quote from: Efficient Frontier on June 27, 2018, 03:49:30 PM
There is no positive stat that will not be bent to a liberal talking point attacking the wealthy.
If you're referring to my post, I'll accept.
But if it's more of the same upper crust pouring money into "foundations" for the sake of power/influence/increasing their own wealth, then I really don't see that as "charitable giving."