Giving money is not out of the good of their heart. It’s to buy influence and face. “Look, I gave money to child cancer research, look how awesome I am. Now I’m on the board and can control how the money is spent, for instance, buy faulty machines from my company.” But at the same time they do not pay taxes, because then they don’t have control over the money they lose and it doesn’t buy them anything.
Even the guy that gave ~30% to charity still spent less percentage of their wealth than a regular person does on taxes.
Giving money is not out of the good of their heart. It’s to buy influence and face. “Look, I gave money to child cancer research, look how awesome I am. Now I’m on the board and can control how the money is spent, for instance, buy faulty machines from my company.” But at the same time they do not pay taxes, because then they don’t have control over the money they lose and it doesn’t buy them anything.
Even the guy that gave ~30% to charity still spent less percentage of their wealth than a regular person does on taxes.