14/11/2004 5:20:18 pm
More and Better Welfare Services with Less Money. A new econometric study from the Jerusalem Institute for Market Studies, "Can Civil Society Finance a Private Welfare System?", shows two important things about the US. First, that people tend to spend much more money on private welfare when taxes are lowered. Second, that private organisations provide welfare services much more efficiently than public authorities. In fact, one dollar of privately donated money is equivalent to 3,70 dollar of public tax money. Thus, if the US government were to offer a 100 % tax credit on charitable contributions, the national net budget for welfare services would be 135 % higher than it is today. And the government would decrease its funding with 32 %.


Read the study here - >