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Re: Formula 1

Reply #330 –
People are going to lose the money one way or another.

IF its via tax, the government gets it and nobody cares.
IF its via donation, they look like good guys and get more opportunities to make more money.

So why would you not choose to donate it?

Re: Formula 1

Reply #331 –
I think thats a different discussion and argument but given donations are capable of being tax deductible (the not for profit thing you mentioned is largely irrelevant) you may find an incentive exists for people to give more away, than pay it to the government for a net even or even greater result for themselves.

This is why it must be viewed with a cynical lens.  Philanthropy is easy when you have plenty and the levers suit you to pull them.


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Dunno Thry, but 20+ years in the space might give me an idea or two.  Good philanthropy is very hard when you have plenty.  Philanthropy is readily available to everyone - and it does make a positive difference.