New research suggests that the claim that the rich give proportionately less of their incomes to charity is misplaced
WHEN THE super-rich make charitable donations, their philanthropy is often met with scepticism, or even hostility. In April Jeff Bezos, the boss of Amazon, an e-commerce giant, donated $100m to American food banks. Rather than commend Mr Bezos, many criticised him for giving too little, or for trying to divert attention from his company’s treatment of workers.
As a proportion of income, the results are much more even: most households gave about 1.5% of their income. There was a tendency for higher-earning households to give a greater share—albeit with marked differences among the very poorest ventile and the richest one
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Riverdale's Lili Reinhart, Camila Mendes and Madelaine Petsch to Guest Star on The SimpsonsThe actresses will play 'a circle of snooty rich girls' on Sunday's upcoming episode
Read more »
Tax Deductions Tied to Forgiven Small Business Loans Draw SupportBipartisan momentum is building in Congress to let small businesses get tax-free loan forgiveness while also deducting their expenses, a move that would provide clarity and unusually generous tax benefits.
Read more »
Opinion | Personal Responsibility and the CoronavirusFrom WSJopinion: The race-grievance industry denounces Surgeon_General Jerome Adams for imploring segments of the black community to take responsibility for their actions during the pandemic, writes Robert L. Woodson Sr.
Read more »
How covid-19 gave peace a chance, and nobody took itCeasefires across the world are coming undone as America and China remain at loggerheads
Read more »
Dambisa Moyo on a “Marshall Plan” for AfricaIf nothing is done, Africa is forecast to have as many as 3.3m deaths and 1.2bn infections by the end of 2020, writes dambisamoyo for The Economist
Read more »