Most will agree that the wealthy always give and show some
acts of philanthropy. The author begins to explain how amazing this act of generosity
and social giving is. I believe it is true that the author explains how any
activity or service without the purpose of other profit is an amazing promotion
to human kind and society itself. If you look at it, even here at USC there are
so many donations just towards education and the well being of students and
their future. Not just education, but we can see an amazing amount of
philanthropists donating to art institutions and institutions for health care research such as cancer, HIV, and other
diseases. All of these are great examples of how philanthropy benefits and promotes growth in our society and the world as a whole.
The author also goes into the idea of risk and rewards. He
states that, “In the world of risk and return, a gift is 100% risk, while the
returns on the gift are immeasurable” (Bloom). This idea the author
illustrates also seems to have a strong impact in todays society. It could be
seen that, with a society that is constantly promoting activism and engagement,
corporations, individuals, and especially the youth want to make a difference
in the world. The author makes very valid points regarding charitable
contributions and the the importance of philanthropy not just for furthering
the development of our society but also the economy.
No doubt, I believe philanthropy has huge benefits to greater society.
ReplyDeleteWow, I never thought of gifting in a risk/reward context.
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ReplyDeleteI find it interesting to think about charitable contributions in terms of their potential impact on the economy (not simply a philanthropic act)
ReplyDeleteI really think the point about gifts being 100% risk is spot on. There is almost never a physical return to the person giving the gift, rather future gains for some organization and psychological gains for the individual.
ReplyDeleteThe more we give, the more we will get. This is also true for the society as a whole.
ReplyDeleteI personally don't like to think as giving gifts as a risk, but the point the author brings up is totally valid.
ReplyDeleteThis is true. The economy in large part has to do with charitable donations. This is an important concept going forward.
ReplyDeleteI definitely agree that the reward of giving a gift is immeasurable. It is always my favorite part about holidays.
ReplyDeleteIt's interesting to think gift as a risk but the author's point makes a lot of sense
ReplyDeleteDonations play a huge role in the economy. Definitely an important factor to consider
ReplyDeleteGifts are a great way for those who accumulate wealth to give back...
ReplyDeleteBut sometimes due to the tax ramifications, I question the legitimacy of the pure intentions behind some gifts.
I don't necessarily agree with the concept of gifts being a risk, but the fact that philanthropy is key in many situations is undeniable.
ReplyDeleteDid the author talk about philanthropy as a method of paying less taxes?
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