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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Teach for America is a social venture that hires graduating seniors from some of the most selective colleges and offers them with five-week training courses before unleashing them for a minimum of two years in some of the country’s worst classrooms.