Reply to post: The problem with small-scale private philanthropy by the wealthiest is that it achieves little

World's richest bloke battles Oz catastro-fire with incredible AU$1m donation (aka load of cheap greenwashing)

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Paris Hilton

The problem with small-scale private philanthropy by the wealthiest is that it achieves little

The problem with large-scale private philanthropy is that it distorts spending in favour of wealthy individuals' pet projects. Worthy projects ought to be supported by everyone, according to capacity.

But don't confuse taxing 6% of someone's worth with 14% of someone else's income. There needs to be tax reform for individuals to capture capital gains, and corporations to capture revenues and prevent profit stashing.

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