OP, I’m curious what capitalist billionaire doesn’t donate? Do you know of any? Last I check, the charity donation loophole is utilized by the wealthy.
Is donating to charity worth the tax deduction?
By using the proper tax planning strategies, charitable contributions can reduce three kinds of federal taxes: income, capital gains and estate taxes.
So… wtf is the problem? They’re donating. Why aren’t you happy?
Philanthropy doesn’t actually do anything to address the issues in tangible terms. Not only that, but the problems that it’s meant to address are actually caused by the very people using philanthropy as PR for themselves. https://news.stanford.edu/stories/2018/12/the-problems-with-philanthropy
So… wtf is the problem? They’re donating. Why aren’t you happy?
It’s another way billionaires are taking away power from the common people. They are donating money and reducing their taxes by doing so. What it effectively means is that instead of the democratically elected government deciding on what causes that money is spent on, the billionaires get to decide instead.
More like billionaires donating ‘charities’ that push a certain agenda, e.g. the NRA, instead paying taxes that can be spent on things likje public schools or libraries.
Or they just create their own ‘charity’ that supports whatever political goals they have.
I’m honestly not trying to get a rise out of you… but I don’t see a problem with this:
The National Rifle Association (NRA) Foundation donates to charities through its grant program. The NRA Foundation’s grants support organizations and programs that promote safe and responsible firearms ownership, shooting sports, and hunting safety. The grants also fund education and training programs, community outreach, and research into firearms safety and marksmanship. The NRA Foundation’s State Fund Grant Program provides financial support, supplies, and equipment to local groups and programs that serve youth, women, veterans, law enforcement, the disabled, and the general public.
The problem is that the billionaires get to decide how the money is spent, instead of ‘we the people’. You are basically giving them control over how that tax money is used.
OP, I’m curious what capitalist billionaire doesn’t donate? Do you know of any? Last I check, the charity donation loophole is utilized by the wealthy.
So… wtf is the problem? They’re donating. Why aren’t you happy?
If someone mugs me and then hands me a dollar, that is charity.
😆
You didn’t answer the question. What filthy greedy wealthy man or woman in the U.S. doesn’t donate to charities?
Philanthropy doesn’t actually do anything to address the issues in tangible terms. Not only that, but the problems that it’s meant to address are actually caused by the very people using philanthropy as PR for themselves. https://news.stanford.edu/stories/2018/12/the-problems-with-philanthropy
Your meme specifies: In a truly free market, voluntary charity would help the poor - indeed that’s a fact.
So you’re saying philanthropists cause cancer in children? And that’s why they donate to children’s cancer hospitals…?
This gentleman authored a horrid book.
His arguments countered.
The poor are the product of the free market operating. The free market is what’s creating the problem in the first place.
Now that’s just a straw man you’re using to derail the argument.
🤣
A strawman that may actually be true, given how much poison the rich have dumped into our environment.
Indeed, all the externalities of businesses operating is how we find ourselves in a climate and ecological disaster.
That’s quite possible, rich businesses have a quite extensive history of poisoning environment.
The best is when they make more money setting up charities to slightly address issues they created
this isn’t reddit homie, you don’t have to argue with everyone. if you didn’t like the meme keep scrolling yknow?
It’s another way billionaires are taking away power from the common people. They are donating money and reducing their taxes by doing so. What it effectively means is that instead of the democratically elected government deciding on what causes that money is spent on, the billionaires get to decide instead.
So essentially… for example, billionaires are not funding wars, is that right?
More like billionaires donating ‘charities’ that push a certain agenda, e.g. the NRA, instead paying taxes that can be spent on things likje public schools or libraries.
Or they just create their own ‘charity’ that supports whatever political goals they have.
I’m honestly not trying to get a rise out of you… but I don’t see a problem with this:
The problem is that the billionaires get to decide how the money is spent, instead of ‘we the people’. You are basically giving them control over how that tax money is used.