Philanthropic Follies

credit: Nicholson Heritage photos

The Wall Street Journal profiles the new book "The Good Rich and What They Cost Us."

According to the reviewer, the book, which covers over two centuries of American philanthropy, posits that the rich often miss opportunities for their giving to make a significant impact on society.

Controversially, the author proposes that the charitable tax deduction prevents the philanthropic dollars from being efficiently allocated. The government would be better in this regard. Interesting!

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Philanthropic Follies

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