Should Billionaires Donate? | FriendZone Debate

yes because they sell some assets and then use the money..?

they don’t really walk around with billions in their pockets

and why should they donate? if you had that money you wouldn’t donate

rn you say you would

but that’s because you don’t have as much money

ok, cool?

many people are

most*

ok cool

if another country is poor or in a bad situation or some people are poor or in bad situations that’s their problem

i ain’t helping countries at wars/civil wars

should have made better buildings

wild but not a liar

venice prevents being flooded because they made something apposite to prevent floods

that’s smarter thinking

if you get flooded that’s your fault

or your countries

yeah, they have to stand up on their feet and do stuff then

start studying is a first step

and orphanages exist

tax payers

pretty much yeah

if its a orphanage made by the government

it’s paid by tax payers

They probably don’t always

They probably buy it on fiancé or stock

yes majority of billionaires do donate their money to nonprofit orgs and foundations

its highly regulated bc its not taxed so idk what you mean by sus lmao and yes donations are made through their own foundations when you are donating a shit ton of money

family foundations having family on the board is literally how private foundations are structured lol and perfectly legal

they still have to disclose everything to the IRS and follow the regulations/law

also 70% just isnt true, admin exists yes but its no where near that high

if theres a family foundation operating with 70% on admin thats just straight up illegal

saying "im an accountant" doesnt make a statistic true lol. ive dealt with enough private foundations to know thats not generally how they operate. if your argument is that some charities abuse loopholes, sure. but thats very different from saying most charities spend 50-80% on admin because they dont

thats extremely inefficient and if that were actually the norm, charity watchdogs wouldve been sounding the alarm for yearsssss

youre arguing exceptions but not the rule :/

well then what youre arguing for doesnt even make sense. "most charities spend 50-80% on admin" and now it's "family run foundations have conflicts". those arent even the same thing and family foundations are literally designed to have family involved, which is why theyre heavily regulated which ive already mentioned prior :/

youre talking out of ur ass btw

seeing a few family write offs doesnt prove family foundations arent heavily regulated ohh my god lmao. every system has bad actors. thats not evidence that most family foundations are abusing the rules

if youre trying to say that fraud exists, obviously. if youre saying thats how most family foundations operate, you still havent shown that

i dont need to audit charities to know your anecdotal experience doesnt prove "most family foundations". ive been around enough family foundations to know your personal experience isnt the same thing as evidence for the "most" youre claiming bru

"ive seen it bro" bffr

thats not hypocrisy lol. im not saying "believe me BECAUSE ive been around foundations". im saying your personal experience doesnt prove a claim about MOST foundations

im saying ive been around enough family foundations to know that your description doesnt match my understanding. im not saying my experience proves a statistic. you are bru LMFAO

we're missing the plot lol. i dont disagree that people abuse charitable deductions. i disagree that means billionaire family foundations are inherently just fake charities. thats a leaaaap

thats a very diff claim than where this convo started🫩