Re:The Trader Who Donates Half His Pay
by jessriedel on Monday April 06, 2015 @11:50AM
(#9328701)
This is a rounding error. Altruistic foreign aid (i.e., development aid) is a miniscule fraction of government spending in all countries. Norway tops the list with 1.07% of national income, and the US gives 0.19%.
Even if you count "non-altruistic" foreign aid (i.e., aid given to a recipient government by a donor government who also benefits, e.g. military aid), this barely budges the numbers. The US goes up to about 0.3%.
Throwing in private aid, like Wage's, makes the US look comparable to Europe because the US gives more money privately than Europe. But this is still within a factor of 2.
https://en.wikipedia.org/wiki/List_of_governments_by_develop...
Even if you count "non-altruistic" foreign aid (i.e., aid given to a recipient government by a donor government who also benefits, e.g. military aid), this barely budges the numbers. The US goes up to about 0.3%.
Throwing in private aid, like Wage's, makes the US look comparable to Europe because the US gives more money privately than Europe. But this is still within a factor of 2.