Quote:
Originally Posted by Air&Road
I had to think about it for a second. Of course it's good for the wealthy to donate to charitable causes and many do, but it is MORE important for them to start and grow businesses, so as to provide more jobs, so that there are more people who do not NEED charity.
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And that is usually what happens unless it is old money. And what I mean by old money, is the rich that inherited their wealth as compared to the rich that earned theirs. The rich that inherited their wealth want higher taxes because it does not effect them as much, no new earned income with our tax structure.