4 ms·
This is a quote from a HNews submission a couple of days ago: "'A lot of wealth holders were very sincerely concerned about others and were doing something abo
by dlokshin 16y ago
This is a quote from a HNews submission a couple of days ago:
"'A lot of wealth holders were very sincerely concerned about others and were doing something about it.' His recent papers, many co-authored with John Havens, the associate director and senior research associate at the center, have done much to exonerate the rich from the charge that they are more tightfisted than the non-rich. (They’re not, Schervish and Havens say: as individuals move up the wealth scale, they give away a greater share of their assets.)"
HNews discussion link:
http://news.ycombinator.com/item?id=2364922 http://news.ycombinator.com/item?id=2364922
- jhamburger 16y agoI don't know how relevant it is to generosity that the rich give away a higher percentage than the non-rich. Gates and Buffett could give away 99% of their earnings if they wanted to. If I did the same, I would be more in need of charity than those I was giving to. It would make more sense to deduct an amount similar to the "consumption allowance" in sales tax proposals to account for manditory or quasi-manditory spending like food, shelter, health care, etc, and judge only income above this level.