Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits
by markdown on Sunday July 30, 2023 @07:48PM
(#36937256)
Yup. $1M/yr (the example I provided above) is a massive reward, so taxation in this way (leaving the risk taker huge rewards) is a great way to encourage entrepreneurship while ensuring a better society by using the extra money (taxed) to give him better streets, lower crime, and a better educated workforce/neighbours.
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Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits
by t43562 on Monday August 07, 2023 @03:50AM
(#37031543)
That prevents a person from taking their next bigger risk e.g. building a factory and hoping that the products it makes will sell. If we only had better streets we'd be a bit like the Romans - bogged down trying to satisfy everyone with centuries old technology.