Is Productive Money Wasted in Charity?
If you know how to build businesses and produce wealth, can you do more to help your fellow man by hanging on to your money than by giving it away? John Stossel thinks so.
Great business creators like Duncan and Turner waste their skills if they just give money away. They do more for the world by creating businesses. Turner started with 12 employees. By the time he merged CNN with Time Warner, he employed 12,000 people.
Is there a better way to help the poor than by creating jobs -- opportunities for self-improvement? And when businesses make useful products cheaper and more plentiful, that helps the poor more than charity. Discount retailers like Wal-Mart help low-income people tremendously. Would Sam Walton have done as much for the poor by giving all his money to charity? I don't think so.
If that's true for charity, it's quadruply true for wasteful, bureacratic government programs.
