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50 billion dollars is about 1/2 the budget of the State of California for a year. It's really not that much in terms of government expenditures. However, If u
by narrator 11y ago
50 billion dollars is about 1/2 the budget of the State of California for a year. It's really not that much in terms of government expenditures. However, If used creatively, it could have a huge impact on the world, but that takes vision. Money without creativity and vision does nothing except raise the price of everything.
- Veedrac 11y agoPrecisely. The article hasn't been justifying the claim that large charitable donations are bad; it has being justifying the claim that not taxing charitable donations is bad. But I'm not inclined to believe that, since I can reasonably believe that the increase in charitable giving from not having the tax is more significant than the gain from having the government control 20% or so of it.