BY Fast Company Expert Blogger H. King McGlaughonThis blog is written by a member of our expert blogging community and expresses that expert’s views alone.
As the discussion heats up about how to rescue our battered economy, the spotlight will undoubtedly fall on philanthropists and private foundations. Indeed, with talk of more taxes on the rich and proposals to levy surcharges on private foundations, it has already begun.
Regardless of the degree of government spending, as a nation we are compelled to find the means to pay for our way of life—including health care, home ownership, education, and all the rest—if we want to maintain our standard of living and extend it to as many Americans as possible. That means that one way or another, taxes are going to increase. And one way or another, philanthropists will carry part of the burden.