NLA Discussion:Capitalism is a working system, people are irrational

[Matthew Scelza]

And let's not forget that the majority (70%) of the rich inherit their wealth.
The self-made millionaire is a nice story, but a minority truth.

Peace,
Matthew

Andres Muro wrote:

> In addition, a lot of wealthy people that give to charity do it to get a
> break on their taxes.
>
> Andres
>
> >>> <rkrawiec at mindspring.com> 11/17 11:12 am >>>
>
> >, it is often those same people
> >who disproportionately fund and tirelessly work for social causes.
>
> Actually, every study I've seen on giving shows that the people with the
> least money give the highest percentage to charitable causes, and the people
> with the largest incomes give the smallest percentage, and what they do
> contribute often goes, at least in the arts, to support orchestras, art
> museums, i.e. institutions that traditionally serve upper income people,
> those like themselves.
> rk
> -----Original Message-----
> From: Rsrchjoey at aol.com <Rsrchjoey at aol.com>
> To: nla at world.std.com <nla at world.std.com>
> Date: Wednesday, November 17, 1999 10:41 AM
> Subject: NLA Discussion:Capitalism is a working system, people are
> irrational
>
> >
> >Catherine King writes:
> >
> >> However, the lack of moral "enlightenment" in those six-chimney
> >> homes, and the quiet avoidance in our corporate boardrooms, should not go
> >> unremarked.   Where creating a working economy is part of our
> success,this
> >> quiet greed is a big part of our failure.
> >
> >I think we ought to refrain from broad over-generalizations based on
> >"symbols".  Just because someone lives in a "six-chimney home" does not
> mean
> >that they lack "moral enlightenment".  Indeed, it is often those same
> people
> >who disproportionately fund and tirelessly work for social causes.  I
> cannot
> >speak with the same conviction for many corporations, but I know there are
> >those that have wonderful policies and programs which benefit those less
> >fortunate.
> >
> >Jo Ann Doino-Ingersoll
> >Strategic Research
> >Mahwah, NJ
> >RsrchJoey at aol.com
> >