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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review December 4, 2013/ 1 Teves, 5774

Real Charity

By John Stossel




http://www.JewishWorldReview.com | 'Tis the season for giving.

But when you give, do you know your money will help someone?

Social workers say, "Don't give to beggars." Those who do give are "enablers," helping alcoholics and drug users to continue bad habits. It's better to give to charities that help the "homeless." I put "homeless" in quotes because my TV producers have quietly followed a dozen of the more convincing beggars after "work," and all had homes.

Once, I put on a fake beard and begged for an hour. At the rate money was coming in, I would have made ninety bucks in an eight-hour day — $23,000 per year, tax-free! I see why people panhandle.

Their success, however, means that people who give them money, no matter how good their intentions, are not engaging in real charity. Giving may make you feel better, but it doesn't make the world a better place.

So where should we give? Charity-rating services try to separate good charities from scams, but they get conned, too. The definition of "charitable work" is rarely clear. How should the board of a nonprofit's first-class hotel expenses during a trip to Africa be classified?

That's why I give to charities I can watch. I donate to The Doe Fund, a nonprofit helping to rehabilitate ex-convicts. I saw their "Men in Blue" working near my apartment — cheerfully and energetically. I thought, "Whoever's rehabbing these guys is doing something right!" So I give money to them — and to a couple other groups I can see .

Finally, I give more to charity because I'm not much of an entrepreneur. I don't have business-building skills. But for those who do, here's a novel idea: Don't give to charity.

Years ago, Ted Turner was praised for donating a billion dollars to the United Nations. He said he wanted to "guilt" other billionaires into giving more and told me Warren Buffet was "cheap" for giving too little.



At first, the idea makes sense. Billionaires have more than they need; merely chasing more profit seems selfish.

But giving it a second thought, I found a fallacy in Turner's argument. The U.N. is a wasteful bureaucracy, leading me to assume it squandered Turner's gift. Buffet, meanwhile, continued to direct his investors' money to growing companies. Based on Buffet's stock-picking success, his investments were probably a more productive use of capital than Turner's. Money went to people making better products, inventing better things, creating more jobs and so on. Maybe Buffet's stock picks are now funding the next Bill Gates.

Today, the real Gates spends his time giving money away. He's unusually conscientious about it. He experiments, funding what works and dropping what doesn't. His charity work saves lives. Good for him. But Gates was also unusually skilled at bringing people better software. Had he continued doing that at Microsoft, I bet the company would have been even more productive. And Gates would have done more for the world.

I tried that thought experiment on Turner, who, in turn, unclipped his microphone and walked off the set.

OK, so people who give away a billion dollars don't want to hear skepticism about their gift. But there's little doubt capitalism helps people more. Even rock star Bono from U2 has come to understand that. He used to call for more government spending on foreign aid. Now he says: "Aid is just a stopgap. Commerce, entrepreneurial capitalism take more people out of poverty."

Bingo. If Bono gets it, Turner should, too.

I applaud those who give to charity, but let's not forget that it's capitalists (honest ones, not those who feed off government) who do the most for the poor. They do more good for the world than politicians — and more even than do-gooders working for charities.

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© 2013, by JFS Productions, Inc. Distributed by Creators Syndicate, Inc.

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