Are We Giving Away Money to Education and Health?

Research shows that we think of america as an incredibly charitable country, easily the most philanthropic country in the history of the universe. Never before has any group of people given away such a large share of overall wealth or g d p. There is a tax structure that encourages it. And then there are incentives, like putting your name on a building and things like that. But i don't really think philanthropists giving all their money just to the government directly is a great alternative. I think we should point out that, look, you work for an institution that is really dependent on this kind of giving,. It's a wonderful lubricant to a system that we really enjoy.