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American Generosity Spurred by Entrepreneurs ^ | July 9, 2014 | Scott Walter

Posted on 07/25/2014 12:29:16 PM PDT by Edmunds mom

America isn’t just a bit more generous than your typical country. We’re an order of magnitude (and counting) more generous than most countries, including Germany and Japan.

... “American capitalism differs from all other forms of industrial capitalism” because it focuses "on both the creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy is part of the implicit social contract that continuously nurtures and revitalizes economic prosperity."

... nonprofits must learn that they are not in an “independent sector.” They are dependent not just on that abstraction known as the economy but also, horrors, on its heroic leaders, the entrepreneurs who power its growth and innovation and thereby make possible the giving that is civil society’s lifeblood.

... If the unequal distribution of wealth disturbs you, the solution is not to make America more like the rest of the world. Would you prefer socialized France where ... “inherited wealth plays an increasingly important part of the economy” and the people are less than one-sixth as generous as America? No, the solution is to spread the ideas – economic and philanthropic – that make American capitalism successful.

(Excerpt) Read more at ...

TOPICS: Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: charity; entrepreneurs; philanthropy
A country's charitable generosity is closely related to the number of entrepreneurs it allows to flourish. Want to help the poor and lower inequality? Then let the economy bloom and encourage philanthropy.
1 posted on 07/25/2014 12:29:16 PM PDT by Edmunds mom
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To: Edmunds mom
Point to ponder: "in 1950 eighty percent of wealth on the Forbes list of the richest people in America was inherited; by 1990 it has fallen to only 20 percent."
2 posted on 07/25/2014 1:42:31 PM PDT by ConservingFreedom (A goverrnment strong enough to impose your standards is strong enough to ban them.)
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To: ConservingFreedom

Not to worry. I am still willing to inherit a great deal of wealth.

3 posted on 08/11/2014 12:11:11 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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