See the second part of my reply. What do the charities do with the money? They go out and spend it!
Some businessman receives the money they spend almost immediately, and the capital value of his business grows through retained earnings. The charities who received the money are left with nothing.
“See the second part of my reply. What do the charities do with the money? They go out and spend it!”
Buying a billion dollars worth of food or consumer goods does not have the same effect as using the billion dollars in a capital investment which in turn generates MORE wealth.
There is a big differance between the two. One is spending the other is saving just as the article says.