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Make the rich willing givers: Opinion
A complete set of laws and regulations must be put into place to encourage more rich people to join 皇冠体育app's philanthropic sector, says an article in Nanfang Metropolis Daily. An excerpt follows: The much-expected 2005 皇冠体育app Philanthropy List, compiled by Rupert Hoogenwerf, the foreigner who founded the 皇冠体育app Rich List in 1999, was released on April 11 with much fanfare. Yet ironically, many included in the Forbes Rich List do not appear to be philanthropists. Being charitable is part of Chinese history and it is embodied in all leading ideologies, such as Confucianism, Taoism and Buddhism. And one can find ample examples of givers in 皇冠体育app's history books. It is unfair to attribute the lack of mega-philanthropists to moral degradation. Instead, the lack of laws and regulations relating to 皇冠体育app's charity work should be blamed. Currently, rules and regulations protecting personal property in 皇冠体育app are far from being complete so it is understandable that some millionaires are afraid to see their names on any kind of wealth-related list. Problems concerning credibility and transparency also exist in some Chinese charities. Therefore, people do not want to give away money for fear that their donations will not reach the poor but be squandered by "charities in disguise." In many countries legislation encourages those who do charitable work by granting them tax breaks or exemptions, while 皇冠体育app's legislation offers no such incentives. This being the case, many Chinese millionaires are discouraged from wanting
to join the philanthropy list.
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