Eh I think incentivizing charitable contribution is a net benefit for society, but the deductions really should taper off after a (low) certain point to disallow people to use it to avoid paying their fair share. And it should be flat out illegal for a billionaire to set up a charitable foundation, donate a shitton of money to themselves, and pay next to nothing in income/CG taxes.
Eh I think incentivizing charitable contribution is a net benefit for society, but the deductions really should taper off after a (low) certain point to disallow people to use it to avoid paying their fair share. And it should be flat out illegal for a billionaire to set up a charitable foundation, donate a shitton of money to themselves, and pay next to nothing in income/CG taxes.