Due to increasing inequality, something needs to be done urgently. I have written a research post on philanthropy whether it can be a tool to reduce inequality or not and how. Here is excerpt:
Philanthropy is now considered as donation or charity work. But donation or philanthropy is a synonymous of tax exemption and tool for business expansion.Cases show that:
‘‘Between 2001 and 2011, the number of nonprofit sector increased 25 percent. Their growth rate now exceeds that of both the business and government sectors. It’s a massive business, with approximately $316 billion given away in 2012 in the United States alone’’. According to Charity Navigator in the USA, Americans donate $298.42 billion in 2011 (about 2% of GDP).The majority of donations were from individuals (73%), then from bequests (about 12%), foundations (1.8%) and less than 1% from corporations.’’ But on the contrary inequality is increasing inequality
If private sector is…
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Thank you for reblogging this post.
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No thanks required, excellent article.
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Wow. Thank you Alex I am blessed.
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