Thread: the other news
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Old 04.20.2019, 02:10 PM   #390
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ANYWAY, found the article which basically argues that for every euro donated by a billionaire the public coffers have to pony up 2

https://www.washingtonpost.com/polit...nt-thank-them/

in france, where 50% of the population pays no income taxes, that means the middle class has to carry the load

The lesson is that if we are to celebrate the generosity of donors, we should acknowledge that French citizens are in fact paying for the majority of the giving in the form of tax subsidies. It’s not just giving, it’s giving that is underwritten by the public. What’s more, philanthropic tax incentives give power to individual donors, especially ultrawealthy ones, to dictate large amounts of government spending, regardless of other citizens’ spending priorities.

contrast vs. the forbes article above
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