Via Mark Hemingway, we see why odd news stories make bad law: Leona Helmsley's decision to leave $8 billion to her dogs is hardly proof that private charity is more wasteful and capricious than government spending. Yet we end up with a New York Times op-ed worrying about the tax dollars we are losing through the tax deduction for charitable contributions. Don't get me wrong: some of these perpetual foundations can be as boneheaded in their use of money as the federal government. But I'd rather roll the dice on the former than the latter.
Share this Article
Like this Article
Print this ArticlePrint Article