"Over $20 trillion was spent was spent in USA on the war on poverty since 1964, but only about 30% of it actually reached the poor; the rest eaten up by the the costly and ineffective state apparatus . This compared to the ~$300-350b given to charity annually, of which ~85% reaches the poor."
WOW, seriously?! Is charity that much more effective than government? Do you have some sources for these stats? I'm curious. :) Very interesting post btw!
Thank you for reading!
http://www.economicsjunkie.com/is-government-needed-to-fight-poverty/
"OK, so we know that private individuals and corporations were willing to give $307.65 billion to charitable organizations on a completely voluntary basis. How much of this money actually ends up in the hands of the needy? According to reputable charitable auditing and rating websites, such as Razoo this number seems to be around 80-85% on average."
Thank you for replying. I looked through the Statistics and: wow, wow, wow! I already thought that government welfare programs would be so much less efficient than the private sector, but this confirms it. Thank you for this enlightening post! :D I hope you will write many more such posts. Anyways, I am following you now.