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0 pointss1artibartfast4y ago0 comments

But that's not true. The people and the democratically-elected government are the ones that Define what qualifies as a charity.

We have said through our Democratic process that these are good things.

https://www.irs.gov/charities-non-profits/charitable-organiz...

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rhn_mk14y ago

That's an impediment, yes, but it's not a barrier. There's nothing preventing billionaires from putting their money into causes which are not charitable. There's only a disincentive in the form of lowered efficiency.

s1artibartfastOP4y ago

Sure, but now you are arguing that the rich shouldn't be able to spend money as they choose, and not against deductible philanthropy.

That is a different beast entirely.

ZeroGravitas4y ago

You could make the same argument for tax loopholes, in fact they may actually just be the same thing in many cases.

s1artibartfastOP4y ago

How do you define loophole. Is is the code that explicitly gives a tax credit for children and dependence a tax loophole?

I don't think that you can make a coherent argument that a law operating as intended is considered a loophole.

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rhn_mk14y ago

s1artibartfastOP4y ago

Sure, but now you are arguing that the rich shouldn't be able to spend money as they choose, and not against deductible philanthropy.

That is a different beast entirely.

ZeroGravitas4y ago

You could make the same argument for tax loopholes, in fact they may actually just be the same thing in many cases.

s1artibartfastOP4y ago

How do you define loophole. Is is the code that explicitly gives a tax credit for children and dependence a tax loophole?

I don't think that you can make a coherent argument that a law operating as intended is considered a loophole.

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