Here is an interesting statistic. America donates annually more money than any other country (the link also has some other interesting stats). Our European counterparts are not even close. This has gotten me thinking about our procession to create more entitlements. Now that the health care bill has passed, will this cause the wealthy to donate less to charities? After all, the wealthy are primarily the target of this law to distribute their riches to the poor. On average, the business they own and the salary they take home will see big tax increases. More importantly, unearned income will be taxed up 3.8% and will be in addition to the end of the Bush tax cuts.
Readers: What do you think? Do you think there will be less donations because of more cradle to grave entitlements? Are you planning on donate less because of the new taxes and entitlement?