What media doesn't tell us when the super rich "give away" money\
Readers of today's Globe and Mail Report on Business must have been awestruck to learn that "investor/economist" Geoffrey Cummings is giving the University of Calgary $100-million.
Wow! $100-million! He's giving all that away! How impressive.
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Readers of today's Globe and Mail Report on Business must have been awestruck to learn that "investor/economist" Geoffrey Cummings is giving the University of Calgary $100-million.
Wow! $100-million! He's giving all that away! How impressive.
...
But that's not the TRUE story.
You see, Cummings, and hundreds of rich people like him, give this money as charitable donations. Amazingly, he will get about $48-million back because the money was a charitable donation.
The Medical Centre at the university will carry the name Geoffrey Cummings. It seems to me the building should read "Geoffrey Cummings/The Taxpayers of Canada Medical Centre."
I've emailed journalists many times who have failed to mention the near 50 per cent contribution by you and I, but they never change the way they write these stories. This time the guilty journalist is Kelly Cryderman of the Globe's Calgary staff.
By the way, in the U.S., Obama has actually appealed to the rich to stop making huge charitable contributions because the "kickbacks" are having such a detrimental impact for the country's Treasury.
Hello, Mr. Harper?
You see, Cummings, and hundreds of rich people like him, give this money as charitable donations. Amazingly, he will get about $48-million back because the money was a charitable donation.
The Medical Centre at the university will carry the name Geoffrey Cummings. It seems to me the building should read "Geoffrey Cummings/The Taxpayers of Canada Medical Centre."
I've emailed journalists many times who have failed to mention the near 50 per cent contribution by you and I, but they never change the way they write these stories. This time the guilty journalist is Kelly Cryderman of the Globe's Calgary staff.
By the way, in the U.S., Obama has actually appealed to the rich to stop making huge charitable contributions because the "kickbacks" are having such a detrimental impact for the country's Treasury.
Hello, Mr. Harper?
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