this post was submitted on 07 Aug 2024
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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.
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.