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Out of Control Charity

Reader comment on item: Smart University Giving

Submitted by Eugene Patrick Devany (United States), Feb 16, 2013 at 12:35

Between 1995 and 2010 the poor lost 70% of their wealth. Between 2000 and 2010 Public charities like universities and hospitals had an out-of-control 80% gain in wealth. This means that nonprofits now have more than seven times the wealth of half the country. The cost of health and education has not gone down. The tax code continues to have workers pay higher taxes to subsidize the charitable deductions of the wealthy who take investments out of the taxpaying, job creating private sector. Doing good isn't easy.

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Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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