February 29, 2012
THOUGHTS ON RESPONSIBILITY: “It’s OK to be charitable with your own money. It’s not so virtuous to be generous with other people’s money. A publicly traded business should maximize profits and let shareholders be charitable with those returns if they so choose. . . . there is no such thing as ‘enough’ profit. The world is highly uncertain and sacrificing profits in the name of ‘soft values’ may end up destroying the company and putting everyone out of work.”
UPDATE: Reader Tom Caso writes:
This applies to government as well.
Why is OK for the President to announce a policy of higher taxation on the rich to finance higher handouts based on his view of what Jesus wants, but it is not OK for the Catholic Church to object to financing abortions based on their view of what Jesus wants?