With Bill Gates billions of dollars committed to charity, Warren Buffet's billions donated to charity, Bill Clinton's 4Billion collected for charity each year and billions other collected by redcross, churches and thousands of other organizations, how much money do we collect in total per year for charity and basic human needs? Out of these billions, how many are wasted back on collecting more money?
Most of the organizations I know plan to survive on charity year after year instead of building a sustainable long term model. As I read somewhere, essentially the best way to solve issues is to encourage or incentivize entrepreneurs to solve the issues. Dont we have better chances of solving these issues once political bureaucracy is eased for entrepreneurs to take over?
Tuesday, February 24, 2009
California shortage of funds, prisoner release and people willing to work for food...
First, I promise I will try to stay in touch more than I have. I will write not only about what is going on with iGifter but also about other thoughts and ideas.
Today I am going to write about my thoughts on charity. A few days ago I was discussing charity with a friend and she said that governments could feed all hungry children, at least in India and China, i.e. if they wanted to. I did some quick rough calculations and found that it is indeed economically feasible.
Today's http://blog.google.org/ and previous news of California releasing a third of its prisoners triggered another thought. While there are no jobs or food in many countries, California is unable to contain its costs despite being one of the most educated and flourished states. USA has consulates all across the world, why can they not do the same with prisons? This would not only cut the costs but also employ many people in countries where they are willing to work for food. Oh and not to mention, if the prisoner escapes, they still do not end up in US.
Yes it would be a political nightmare but an economic possibility.
Today I am going to write about my thoughts on charity. A few days ago I was discussing charity with a friend and she said that governments could feed all hungry children, at least in India and China, i.e. if they wanted to. I did some quick rough calculations and found that it is indeed economically feasible.
Today's http://blog.google.org/ and previous news of California releasing a third of its prisoners triggered another thought. While there are no jobs or food in many countries, California is unable to contain its costs despite being one of the most educated and flourished states. USA has consulates all across the world, why can they not do the same with prisons? This would not only cut the costs but also employ many people in countries where they are willing to work for food. Oh and not to mention, if the prisoner escapes, they still do not end up in US.
Yes it would be a political nightmare but an economic possibility.
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