Milton Friedman

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charitable contributions can be deducted for income tax purposes.
3. Corporations are spending the money of their stockholders without their permission.
4. A manager is responsible only to his employers and not the community.
All of the above may sound bad, but the intentions behind them are not entirely falsified.
It would be selfish of us to assume that a corporation would spend a considerable amount of their funds (profits/returns) on their community without expecting some kind of a positive feedback of any form. We as individuals should not expect anything in return when we help someone because it is not the right thing to do. The case with the corporation is entirely different. It might be an individual “entity” in the eyes of the law, but what applies to us as individuals does not apply to it. All the activities are done by a group of people and not one individual. This group of people has been elected and/or selected by another group (stockholders) who have invested ...

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