I'm on board if charities* could somehow get in on the action and convince the bored rich to part with their money.
* Real charities, not those billionaire tax avoidance schemes.
* Real charities, not those billionaire tax avoidance schemes.
There are a surprising number of bored rich people, especially when you consider all the new-found crypto wealth. Most of them probably haven't contributed any of their excess wealth to help the hundreds of millions of people who are still starving, so if NFT is one way to extract some of that, so be it.
Hate to burst your bubble, but that is 99.99% of the NFT market. There is maybe 5 people total who bought a NFT for art appreciation reasons, but aside from that rounding error the only reason anyone owns one is as a speculative investment.
No such thing.
In the US, a billionaire has more money at the end of the day if they just pay taxes on it than if they give it to charity and take the deduction.
The only other way a charity helps a billionaire save on taxes is if they use the charity's assets (e.g. boats, helicopers, real estate) as personal assets. But that's felony tax fraud. A billionaire wouldn't be likely to risk prison for that kind of chump change.
The crooked thing about charities is the people who run them, focus on fundraising, and pay themselves a huge salary. But those people aren't billionaires.
Now, you could rent your real estate to a charity you control at an inflated price, or sell them other services, but I think that's probably an edge case.