Why debates about fair taxation and tax incentives in philanthropy are separate issues
Taxing the rich feels right. Fifteen years ago, I would have agreed, especially with the prospect of additional billions to help the less fortunate. But since leading the philanthropy sector in Germany and Europe from 2016-2020, witnessing the reality of public and private funding for social entrepreneurs at Ashoka, and talking to hundreds of wealth holders through my most recent venture, because, my perspective has changed.
By focusing on what little public attention the issue of taxation receives we shoot ourselves in the foot. At best, the call for higher taxes is ineffectual. It has never lacked popular support. The true obstacles are more constitutional and practical. At worst, we end up with growing mistrust, further declines in giving, and a few crumbs of additional, poorly targeted public funding.
Public money cannot do everything
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