The Island Games Association of Mann (IGAM) fund-raising raised some of the cost, but members would have been forced to pay surcharges if the government had not stepped in.

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It works because it's fun, social, creative and easy and it's massively more efficient, both in cost and labor, than traditional fund raising techniques.

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In the second year, the AA would meet three quarters of the cost with the rest being picked up by charity fund raising activities.

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Raising the cost of investing means less capital available to create jobs, fund innovation or produce things which beautify and sustain life.

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What is the social cost of raising taxes in the future to pay back the money the government borrows to fund the stimulus spending?

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