Earlier quoted context omitted.
>It's particularly offensive to see the state and local tax deduction (money that actually goes to help one's fellows in the ways they see fit, without being beholden to the whims of the "donor") capped while 503c "donations" remain an unlimited deduction. The point of charitable deductions is to incentivize certain types of behavior (ie. charitable donations). On the other hand the SALT deduction is effectively the…
Not really. Flyover and southern states in particular mooch off of the productive locales. So not only do I need to pay more taxes for the US government to fund almost double my states pro rata aid to places like West Virginia and Mississippi, but I get to pay even higher taxes because my locality actually provides things like sound education. You know what, I think we should exercise the people’s desire for small go…
Much philanthropy is a routinized exchange between salaried bureaucrats
71–80 of 265 posts
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#72I think a lot of people give to philanthropy just purely for recognition that philanthropy unique provides. I think it'd be an interesting experiment to celebrate the highest tax payers the same way we celebrate those in the Forbes 500 with magazine covers and the way non-profits celebrate their biggest donors with gala dinners. Celebrating tax contributions and rewarding the contributor (on an opt in basis) could be…
I have always thought this. The fundamental way this is discussed today (taxation as a punitive measure) rather than celebrating the contribution to society titans of industry make when they pay their taxes.
- the loudest of society villify the rich regardless of whether they are fairly paying taxes or not
- a subset of rich laud each other for coming up with the most creative tax evasion schemes
Some sort of publisher should hold up the most honest, most successful tax patriots and put them up on a magazine cover.
It'd be important to have some separation of the recognition from the actual government (i.e. it should be a private publishing company) to avoid attempts to access government officials and to avoid it looking coerced.
It'd also be important to make it voluntary/opt-in as I'd imagine many would rather just be anonymous.
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#73Earlier quoted context omitted.
>It's particularly offensive to see the state and local tax deduction (money that actually goes to help one's fellows in the ways they see fit, without being beholden to the whims of the "donor") capped while 503c "donations" remain an unlimited deduction. The point of charitable deductions is to incentivize certain types of behavior (ie. charitable donations). On the other hand the SALT deduction is effectively the…
Not really. Flyover and southern states in particular mooch off of the productive locales. So not only do I need to pay more taxes for the US government to fund almost double my states pro rata aid to places like West Virginia and Mississippi, but I get to pay even higher taxes because my locality actually provides things like sound education. You know what, I think we should exercise the people’s desire for small go…
Wouldn't the most effective solution be to reduce the number of things the federal government does? Rich blue states make their choices and keep more of their revenue within state boundaries and residents of red states get to decide if they like their current choices lower (or no) federal subsidy.
Practically speaking (not politically speaking), that seems like a point the left and right should be able to agree on.
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#74Don’t let all the shenanigans at the top stop you from doing good. It’s clear that the American system of tax preference for philanthropy is easy to abuse, but while it’s there you might as well use it to help people if you can afford to. If your company matches donations, take them up on that. That means for $1 pre-tax (~$0.60 out of your pocket) you can give $2.00 to an organization that could use the money. That’s…
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#75Don’t let all the shenanigans at the top stop you from doing good. It’s clear that the American system of tax preference for philanthropy is easy to abuse, but while it’s there you might as well use it to help people if you can afford to. If your company matches donations, take them up on that. That means for $1 pre-tax (~$0.60 out of your pocket) you can give $2.00 to an organization that could use the money. That’s…
And what organisations, pray tell, actually need the money and would be visible to a normal human being in a country that isn't shattered by war? Most of the large charities have disgustingly paid CEO's and I can't be the only one that gets a sour taste in their mouth when I give an amount of money to them and realise this CEO receives 100k-1m in compensation while actual human beings starve in the streets or freeze…
A charity that just passes money straight through by sending envelopes full of cash to a war torn country is much worse than one that spends a ton of money on analyzing first what the most effective way to help is.
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#76Don’t let all the shenanigans at the top stop you from doing good. It’s clear that the American system of tax preference for philanthropy is easy to abuse, but while it’s there you might as well use it to help people if you can afford to. If your company matches donations, take them up on that. That means for $1 pre-tax (~$0.60 out of your pocket) you can give $2.00 to an organization that could use the money. That’s…
And what organisations, pray tell, actually need the money and would be visible to a normal human being in a country that isn't shattered by war? Most of the large charities have disgustingly paid CEO's and I can't be the only one that gets a sour taste in their mouth when I give an amount of money to them and realise this CEO receives 100k-1m in compensation while actual human beings starve in the streets or freeze…
Surely you can see that "get the best person you can for $40k" has limitations as a hiring strategy.
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#77I think a lot of people give to philanthropy just purely for recognition that philanthropy unique provides. I think it'd be an interesting experiment to celebrate the highest tax payers the same way we celebrate those in the Forbes 500 with magazine covers and the way non-profits celebrate their biggest donors with gala dinners. Celebrating tax contributions and rewarding the contributor (on an opt in basis) could be…
If you want to throw money straight down the fucking drain, go for it. The federal budget is already not balanced. No matter what rich people donate extra, the money will be squandered exactly the same way it is today but you can’t even attach stipulations.
Statistically speaking, you money will just into the military.
I would much rather have the rich use their influence to push for good things the government doesn’t care about (hunger programs, drug rehab, housing, etc).
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#78Well, this is just not true.
Americans give 2.1% of GDP to charity [1] while the whole world gives just under 3% [2]. Also when you take a look at a comparison between countries [3] you can see that the US is far behind (percentage-wise, not rank-wise) countries like Netherlands (14%) or Switzerland (13.3%)
1. https://www.charitynavigator.org/index.cfm?bay=content.view&...
2. https://www.privatebank.citibank.com/newcpb-media/media/docu...
3. https://www.axios.com/2019/11/30/most-charitable-countries-w...
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#79Earlier quoted context omitted.
>It's particularly offensive to see the state and local tax deduction (money that actually goes to help one's fellows in the ways they see fit, without being beholden to the whims of the "donor") capped while 503c "donations" remain an unlimited deduction. The point of charitable deductions is to incentivize certain types of behavior (ie. charitable donations). On the other hand the SALT deduction is effectively the…
Not really. Flyover and southern states in particular mooch off of the productive locales. So not only do I need to pay more taxes for the US government to fund almost double my states pro rata aid to places like West Virginia and Mississippi, but I get to pay even higher taxes because my locality actually provides things like sound education. You know what, I think we should exercise the people’s desire for small go…
Do you know what military bases do? They aren’t there to protect just a local region.
Re: Much philanthropy is a routinized exchange between salaried bureaucrats
#80I think a lot of people give to philanthropy just purely for recognition that philanthropy unique provides. I think it'd be an interesting experiment to celebrate the highest tax payers the same way we celebrate those in the Forbes 500 with magazine covers and the way non-profits celebrate their biggest donors with gala dinners. Celebrating tax contributions and rewarding the contributor (on an opt in basis) could be…
https://nautil.us/larry-david-and-the-game-theory-of-anonymo...
The opening call out is pretty great, too. Ever see the Curb Your Enthusiasm episode where Larry's big donation is upstaged by Ted's anonymous donation?
Visible philanthropy is not a simple system of rewards. It's much more interesting than that.