Skip to comments.American Generosity Spurred by Entrepreneurs
Posted on 07/25/2014 12:29:16 PM PDT by Edmunds mom
America isnt just a bit more generous than your typical country. Were 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 societys 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 philanthropydaily.com ...
Not to worry. I am still willing to inherit a great deal of wealth.