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joe_mamba 3 hours ago

More like Japan is a nation of the Japanese people where maintaining national values and tradition comes first, while the US functions as the world's largest economic zone where making money any way you can get away with trumps any forms of culture or identity, so they each optimize for different things and get different outcomes.

simfree 3 hours ago | parent [-]

There is a lot of money floating around major cities in the US. So many nonprofit entities are preserving some cultural niche thanks to their older patrons using their qualified minimum distribution to fund a long lasting endowment.

I feel like you see this less in other parts of the world where people don't have tens of thousands of dollars from their retirement savings that they have to take out each year, and they would rather give it tax free to their favorite nonprofit than take a haircut with taxes and then do nothing with the money