Billionaires donate money to cancer research, education, victims of child abuse, etc. but does that money affect people in general economically? It seems like if billionaires give a lot of money to organizations which do not benefit individuals economically instead of just spending it, then people will be poorer. Obviously the amount of money donated in relation to the amount of money in the U.S. economy is miniscule so we would not notice any change but if people become more generous by giving more to organizations which do not make money, would this hurt the economy?
2007-02-04
19:00:24
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3 answers
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asked by
creeklax05
1
in
Economics