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I don't have time right now to dig up data on it because I have to get going, but from a financial efficiency point of view, donating directly to private organi
by bsbechtel 12y ago
I don't have time right now to dig up data on it because I have to get going, but from a financial efficiency point of view, donating directly to private organizations that perform welfare services is an order of magnitude more effective than letting the State tax you and then redistribute your money to welfare services. The issue is the way our tax system is designed right now, it makes more sense for private individuals to keep their money until the government takes it by force to give to those in need, than for those individuals to contribute directly.
- rndmize 12y agoRich people don't get rich by giving away money. I've heard plenty of stories about private non-profits that spend significant percentages of their take on administrative costs and similar. Not to say they're all like that; but then, neither is the government. http://www.ssa.gov/oact/STATS/admin.html http://www.ssa.gov/oact/STATS/admin.html 2% or less admin costs looks pretty good. A universal basic income system would be better, but I'd be interested to see some private charities that do better than this.