Quote:
Originally Posted by Calgaryborn
Perhaps the answer is to limit the amount a charity can hold in investments like stocks. That would at least cause the money to be spent quickly instead of over generations.
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The divestment that would occur might be enough to depress the stock market. Not good for other people who hold the same stocks as these charitable funds, not good for corporations who lose potential investment, and thus just not good for the economy as a whole.
It's also bad for charities, since you take away a method for them to generate income. They have a responsibility to balance future needs with present needs just like any other organization.