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The author presents statistics on charitable giving and tax rates in the U.S. in arguing that charities would benefit more from championing policies that promote economic growth and wealth creation than from lobbying to prevent imposition of a cap on charitable-gift tax deductions.

The author asserts that wealthy people including Bill Gates and Warren Buffett can better help humanity through their businesses than through philanthropy.

Opinion. Reports on charitable institutions in the United States. Reference to proposed reform of welfare system by congress; Government funding of charities; Competition between tax-funded nonprofit businesses, and other businesses; How nonprofit businesses take advantage of tax exemption; Effect of government funding on charities' incentives. INSET: Charities on the dole, by Web Bryant..