Ping!
Individuals are far more qualified than beaureucrats when it comes to spending their money on people in need. So, depriving the Feds of our hard - eearned money so that we can directly help out who WE determine is needy is a virtue.
There will never be enough tax revenue to satisfy the government’s insatiable appetite for spending. The media is their cheerleader.
...personally, I’ve got charity fatigue...we get 3-4 letters a day asking for money...I’ve quit sending them checks...instead, I’m taking food to the local food bank...it’s anonymous and needed.
This growth of nonprofits, however, I see as another indicator of the enormous concentration of wealth in the hands of folks who really have no clue how to spend their money wisely.
How many more Frank Ghehry designed Ithegreatbazillionaire foundation art galleries to house third rate modern art does this country need? The world long ago ran out of good art to put in these things, and the gazillionaires who build them as graven images to their own egos have no idea how to usefully deploy capital in there interests of greater productivity (many of them never having been in that business before).
It is a legitimate beef. The more taxes dodged through these means the more you and I have to pay.
what this will be about in 2010 as the Dems start to do “deficit reduction” (aka TAX INCREASES - only on the rich of course) - is they will push to end tax deductions for religious organizations.
Simple, a new tax is needed on non-profit charities.
More government is always the wrong answer to ANY problem.
The capping of Wall Street salaries deprived NYC of way more tax revenue than a few small charities have. I love it when liberals are hoisted on their own petards.
Cut spending big time, then eliminate all tax deductions.
"The problem with socialism is eventually they run out of other people's money."
So, So, So true.