The_Patriot
DP Veteran
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- May 28, 2010
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Where is this financial data? I honestly might have missed it. Also, can this financial data show what impact it had on the poor or only that a certain amount of money was donated?
Now prior to 1916, people in the United States had far more disposable income due to the fact there weren't that many taxes placed on them and the government didn't limit their choices regarding charitible giving. Combine this with the fact that there was a fixed currency that didn't devalue over time, inflation, that the average American's spending power was greater than it is today. All of this is the fault of the government by implementing laws that interfere with charitible giving, fiat currency that has lost its purchasing power, and the taking of most of the disposable income of many Americans through taxation. Link