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« Sales tax for government services? | Main | Hilarious » June 26, 2006A Sense of PerspectiveI met a fair number of students of non-profit management while I was in graduate school, who rightly noted that their chosen field filled needs where both the private and public sectors could or would not. Warren Buffet has rather dramatically stepped in to that gap. But is that gap unnecessarily large? From Greg Mankiw's blog: In other words, success in the Doha round of international trade talks would give the world more every year than what Buffett can give once after a lifetime of being the world's most successful investor.Sadly, the Doha negotiations are scheduled to collapse. (via Jane Galt) Posted by Zach Wendling at June 26, 2006 07:48 PM CommentsThis is interesting and related to a phenomena common in most communities, including mine. Namely, there is a very small number of very large philanthropic donors. By very large, I mean in absolute terms. But there is also a very large number of very small philanthropic donor. In terms to total contribution, the latter always overwhelms the former -- especially when the latter's contribution is computed as a percentage of their net wealth (i.e. someone worth $1 billion giving $10 million vs. someone worth $100,000 giving $2,000). Yet it is only the former that ever engenders any media attention, or public kudos. greg Posted by: Gregory Travis at June 26, 2006 08:56 PM | permalink Of course Mankiw's numbers on what Doha would contribute probably don't take more recent research into account that says that most of the gains claimed for "free trade" are exaggerated. Posted by: Jim S at June 30, 2006 12:01 AM | permalink Post a comment |
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