Just like we already know in the Holy Bible that it pays to give alms to the needy, a new report has revealed that Science has confirmed that giving can make somebody rich.
Many scientific studies, starting with this one published in the Entrepreneur magazine, attest to the power of giving. It is followed by some other studies, and then the powerful experience of a pastor.
Less poetically, the idea is this: Giving makes you rich. A lovely sentiment, to be sure, but quite backward-sounding to an economist! You obviously have to have money before you can give it away, right? Or in the pithy words of former British Prime Minister Margaret Thatcher, “No one would remember the Good Samaritan if he’d only had good intentions-he had money too.”
Emerging evidence-crunchy statistics from real data, not the mushy self-help stuff-supports the contention that giving stimulates prosperity, for both individuals and nations. Charity, it appears, can really make you rich.
The United States is a remarkably charitable nation. The Giving U.S.A. Foundation estimates that Americans donated nearly $300 billion to charity in 2006-more than the gross domestic product (the annualized value of goods and services produced within a nation) of all but 33 countries in the world. More than three-quarters of this came from private individuals. Additional research suggests that between 65 and 85 percent of Americans give to charities each year.