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?
lol @ people downvoting this. Yo, legit. I lived in the east bay of California. In a tiny two bedroom (think it was 690sq ft) apartment with my wife and daughter. My neighbor was hanging by a thread until the gas prices hit just over $6/gallon. This is where my neighbor finally hit a brick wall. The gas was so expensive he couldn’t afford to fill his tank of gas to have gas enough for the week to get to work. I gave him $30 so that he was able to get some sort of groceries to feed himself. He had to re-evaluate his groceries in order to have a full tank of a gas to allow him to drive to and from work Monday-Friday. Had I not given him that money he would have legitimately gone at least 1 day if not 2 days without food. This is thanks to the shit tier job the Democrats do year after year, every time they’re in power. And you don’t even give a fk how it impacts others, even yourself. You gaslight yourselves and it’s maddening to witness it.
I bet most of you mfkers are so young you have mommy and daddy to depend on. You don’t have actual responsibilities so you’re clueless about what it is to be an adult, especially a married adult with children.
psssst your down votes don’t hurt my feelings, just shows you have deprogramming to experience.
If you trust Kamala can do anything positive, especially for the economy, including her stolen-Valor-VP… that’s not even gullibleness, that’s just hypnosis. She’s had 3-4 years to do something. Ain’t seen chit, partner. She can’t even manage the ONE major task/project, the borders. If I hired someone to manage a project and they did nothing but sit around, they would be fired within the first 3 months.
At least with Trump I was able to line up interviews and have multiple job offers, I had the upper hand. Best of all, in choosing the company that paid incredibly well, I was able to quickly save up for a 20% down payment on a comfortable home and overall property. Not only that… after Biden won and I had to transition to another organization because COVID got me laid off, I had enough savings not only for that down payment, but survive on said savings for another 8 months without income because it took 8 cot damn months to get another job and now I make 40% less than what I did back from 2018-2020. Couple that with the chit show economy we call, “bidenomics”.
Yeah I’ll take Trump over ANY democrat the DNC selects. In fact, what… economic policy does Kamala have? Other than the one she stole from Trump, eliminating taxes from tips.
People will always suffer. There’s a multitude of variables as to why people around the world suffer.
Let’s take a step back. Why does the majority of people suffer under capitalism? Because they have to live in a world where they don’t get good, free healthcare, don’t have a right to a house, don’t earn nearly enough to live comfortably, don’t have enough vacation, can’t afford to take a trip, don’t have time to enjoy their lives, are alienated from their work, have shitty jobs, work too much, etc, etc, etc.
That creates a necessity for charities for all the basic stuff everyone should have, but doesn’t currently have. If we give free good healthcare for everyone, the need for charities to threat people disappears. If we give everyone a home, the need for charities for homeless people, disappear.
Okay, so how about they don’t donate to charities… no more technical advancement in medicine, so people can be poor and die from disease.
What??? You do know that most breakthrough advancements doesn’t come from the private initiative right? It comes mainly from public, government expending, into research. This idea that private entities advance society is just a liberal propaganda lie that is peddled to us all the time since birth.
Charities isn’t something you enforce or eliminate. It is a free choice to give. Mandate it and you’re just legalizing theft by the authority.
I’m not talking about making charities illegal, I, like every other communist in the world, am talking about solving the issue at it’s roots, eliminating capitalism, and that requires eliminating exploitation through labor and eliminating the rich and insanely wealthy as a class.
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.
If the state can incentivize charity to negate the effects of capitalist naked self interest, why can’t the state just… help directly?
Because you’re forcing, at gun point, the citizens to pay “charity” (via taxation)… regardless if they can afford it or not.
Good
You understand taxes like income tax, property tax, and even gas tax hurts the poor, right?
Side note: Trump’s policy, according to him, he will eliminate Social Security taxes and taxes on tips.
Less taxation is better for civilizations.
lol @ people downvoting this. Yo, legit. I lived in the east bay of California. In a tiny two bedroom (think it was 690sq ft) apartment with my wife and daughter. My neighbor was hanging by a thread until the gas prices hit just over $6/gallon. This is where my neighbor finally hit a brick wall. The gas was so expensive he couldn’t afford to fill his tank of gas to have gas enough for the week to get to work. I gave him $30 so that he was able to get some sort of groceries to feed himself. He had to re-evaluate his groceries in order to have a full tank of a gas to allow him to drive to and from work Monday-Friday. Had I not given him that money he would have legitimately gone at least 1 day if not 2 days without food. This is thanks to the shit tier job the Democrats do year after year, every time they’re in power. And you don’t even give a fk how it impacts others, even yourself. You gaslight yourselves and it’s maddening to witness it.
I bet most of you mfkers are so young you have mommy and daddy to depend on. You don’t have actual responsibilities so you’re clueless about what it is to be an adult, especially a married adult with children.
psssst your down votes don’t hurt my feelings, just shows you have deprogramming to experience.
Almost like decades of terrible policies moved the tax burden from the extremely wealthy to the middle lower class.
If you trust trump to improve things for anyone other than himself I got a bridge to sell you.
If you trust Kamala can do anything positive, especially for the economy, including her stolen-Valor-VP… that’s not even gullibleness, that’s just hypnosis. She’s had 3-4 years to do something. Ain’t seen chit, partner. She can’t even manage the ONE major task/project, the borders. If I hired someone to manage a project and they did nothing but sit around, they would be fired within the first 3 months.
At least with Trump I was able to line up interviews and have multiple job offers, I had the upper hand. Best of all, in choosing the company that paid incredibly well, I was able to quickly save up for a 20% down payment on a comfortable home and overall property. Not only that… after Biden won and I had to transition to another organization because COVID got me laid off, I had enough savings not only for that down payment, but survive on said savings for another 8 months without income because it took 8 cot damn months to get another job and now I make 40% less than what I did back from 2018-2020. Couple that with the chit show economy we call, “bidenomics”.
Yeah I’ll take Trump over ANY democrat the DNC selects. In fact, what… economic policy does Kamala have? Other than the one she stole from Trump, eliminating taxes from tips.
I personally believe currency hurts the poor. I think we should be working to abolish it.
Oh no, taxes! What else scares you, women of the age of the majority?
Women of the age of the majority?
I don’t even know what you’re asking me… and have no idea why you have 4 upvotes for that word salad.
😆
You didn’t answer the question. What filthy greedy wealthy man or woman in the U.S. doesn’t donate to charities?
They donate not because of the goodness in their heart, but because they get tax cuts from it.
Furthermore, what does donation really accomplish when:
People are still suffering, regardless of how many charities there are and how much money they get;
Those wealthy donors are the reason people continue poor since they are only wealthy by exploiting other people’s work.
Charities shouldn’t need to exist in the first place.
Yes, wealthy people donate because its incentivized, that’s true. But they’re donating, are you?
Charities isn’t something you enforce or eliminate. It is a free choice to give. Mandate it and you’re just legalizing theft by the authority.
Let’s take a step back. Why does the majority of people suffer under capitalism? Because they have to live in a world where they don’t get good, free healthcare, don’t have a right to a house, don’t earn nearly enough to live comfortably, don’t have enough vacation, can’t afford to take a trip, don’t have time to enjoy their lives, are alienated from their work, have shitty jobs, work too much, etc, etc, etc.
That creates a necessity for charities for all the basic stuff everyone should have, but doesn’t currently have. If we give free good healthcare for everyone, the need for charities to threat people disappears. If we give everyone a home, the need for charities for homeless people, disappear.
What??? You do know that most breakthrough advancements doesn’t come from the private initiative right? It comes mainly from public, government expending, into research. This idea that private entities advance society is just a liberal propaganda lie that is peddled to us all the time since birth.
I’m not talking about making charities illegal, I, like every other communist in the world, am talking about solving the issue at it’s roots, eliminating capitalism, and that requires eliminating exploitation through labor and eliminating the rich and insanely wealthy as a class.
this isn’t reddit homie, you don’t have to argue with everyone. if you didn’t like the meme keep scrolling yknow?
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
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.