1) Charities spend their income on necessities, such as food and utilities, which ever - so - slightly re-orients our economy
toward recession - resistant products, rather than luxuries 2) Charities spend their money quickly, but on independent schedules, making for a smoother stimulus effect on the economy 3) Charities make purchases tax - free, meaning that $ 1 spent by a charity generates a full $ 1 of private economic activity; furthermore, much of those tax revenues are recovered as income tax on the
grocery stores, utility companies, etc. that might not have received that income otherwise 4) Charitable giving is by far the
most democratic way to improve society; from birth control to bombers, government assuredly spends money on something you don't like, and charitable giving restores your say - so 5) Charitable donations are tax deductible, meaning you keep those tax dollars in your local community 6) Charitable donations provide the funds necessary for volunteers to serve the needy, thus giving «the average citizen» a chance to meet and interact with the needy, breaking down stereotypes
Dear Cashing In, Instead of auto - paying
most bills from my bank account, as I do now, my brother - in - law says I should pay everything (mortgage, utilities, insurance premiums, car payment, dining out, pharmacy charges,
groceries) with a single credit card that offers both cash back and points
toward travel and other purchases.