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Money Lost Down The Rat Hole Of Good Intentions

May 27, 2016
by Caroline Miller
Christian Aid, Corporate Brazil Wants to Breath Again, Edward Robinson, Fabiola Moura, Gavin Finch, regulations are strangling charities, Why Banks Are Cutting off Charities
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Money, like water, is fluid and not always controlled.  In Brazil, for example,  the corporate tax rate is 34%, among the highest in the world.  One would hope  so much money would flow to the public’s  benefit.  Instead, it has been lost down a rat hole of corruption, leaving the country in turmoil. (“Corporate Brazil Wants to Breathe Again.” Fabiola Moura et al, Bloomberg Businessweek,  May 16-22, 2016 pg. 29.)

money changing hands

Courtesy of fightagainstcrime.co.za

Like tax dollars, donating to a charity isn’t always a reliable way to redistribute  wealth, either.  US Government regulations have made it difficult to direct assets to  places where they are needed.  (“Why Banks Are Cutting Off Charities,” by Gavin Finch and Edward Robinson, Bloomberg Businessweek, May 16-22, 2016 pgs. 18-20)  Banks are coming under increased scrutiny  as our bureaucrats attempt to cut off pipelines to terrorists.  “U. S. authorities have levied billions of dollars in fines against Standard Chartered, HSBC Holding and BNP Paribas, and reports out of London say that 200 to 300 charitable organizations have had their accounts canceled” or the transfer of their funds have endured long delays. (Ibid pg. 18.)

Banks argue that when a country is at war, financial institutions are unable to guarantee money will reach its intended destination.  That’s a reasonable argument when we see that Brazil, a nation at peace, is unable to keep track of its revenue

Unfortunately, tightening regulations on money transfers means  people living in areas disrupted by war or natural disaster have few lifelines to count on.   Christian Aid, a long established charity, has been a victim of too much regulation.  Last winter the charity attempted to send blankets to Iraq.  The aid didn’t arrive until spring.  (Ibid pg. 18.)

One can only hope the well-intended people who made this mess will find a way to clean it up.  Until they do, not all the good will nor charity in the world is likely to help destitute people when and where they need it.

 

 

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Contact Caroline at

carolinemiller11@yahoo.com

Portland, Oregon author Caroline Miller had distinguished careers as an educator, union president, elected official and artist/advocate.

Her play, Woman on the Scarlet Beast, was performed at the Post5 Theatre, Portland, OR, January/February 2015

Caroline published a serialized novelette, Marie Eau-Claire, on the website, The Colored Lens.  She also published the story Gustav Pavel,  a parable about ordinary lives, choice and alternate potential, on the website Fixional.co.

Caroline has published four novels

  • Ballet Noir
  • Trompe l’Oeil
  • Gothic Spring
  • Heart Land

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