Taxes will probably not go to the same causes, e.g. reforming the bail system, grassroot efforts for migrants, etc.
Foundations are more effective than governments as they do their due diligence, e.g. Bill Gates. Reforming the government is a long battle.
Billionaire philanthropy isn’t too powerful. Its $10B annual budget is .25% of federal spending.
Billionaire philanthropy is not anti-pluralism. Billionaires saved stem cell research and Planned Parenthood. Billionaires work in parallel too, e.g. Bill and the CDC.
Democracy doesn’t automatically represent the popular will. Congress polls at 19% while Bill Gates is at 76%.
Against Against Billionaire Philanthropy. Scott Alexander. https://slatestarcodex.com/2019/07/29/against-against-billionaire-philanthropy/ . Jul 29, 2019.
Giving USA 2018: Americans Gave $410.02 Billion to Charity in 2017, Crossing the $400 Billion Mark for the First Time. https://givingusa.org/giving-usa-2018-americans-gave-410-02-billion-to-charity-in-2017-crossing-the-400-billion-mark-for-the-first-time/ . Jun 13, 2018.
Jack Dorsey gives $1B to fund global Covid-19 relief. Jack Dorsey. https://twitter.com/jack/status/1247616214769086465 . https://news.ycombinator.com/item?id=22807226 . Apr 7, 2020.
Bezos Donates $100m Each to CNN Contributor Van Jones and Chef Jose Andres. Oliver Darcy. https://www.cnn.com/2021/07/20/media/van-jones-bezos-100-million/index.html . https://news.ycombinator.com/item?id=27907600 . Jul 21, 2021. Accessed Jul 24, 2021.
MacKenzie Scott's Money Bombs Are Single Handedly Reshaping America. Sophie Alexander; Szu Yu Chen; Shera Avi-Yonah. https://www.bloomberg.com/graphics/2021-mackenzie-scott-donations/ . https://news.ycombinator.com/item?id=28188844 . Aug 12, 2021. Accessed Aug 15, 2021.
Seeding by Ceding. MacKenzie Scott. https://mackenzie-scott.medium.com/seeding-by-ceding-ea6de642bf . Jun 15, 2021. Accessed Aug 15, 2021.