Comment by Steve6 | Hacker News Reader

Comment by Steve6 | Hacker News Reader

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Libertarians don't claim that they have "the solution to the world's ills". Just that the government is causing worse problems than it solves, and generally those problems can be handled by a free market.

We're already being taxed like crazy while that money subsidizes things almost everyone disagrees with. The libertarians believe that if people weren't taxed as much they could voluntarily spend money on things that are valuable to them. Some people would donate more and others wouldn't donate at all, and that's okay. I believe we would see a lot more voluntary donations without the burden of high taxes.

Claiming "libertarians haven't solved this yet" while continuing to take everyone's money is not a fair argument.

To stay on topic, this thread is about a private individual donating to a project he supports. That's something everyone should be happy about. And he did not do it as a political statement.

Historically, donations to charities drop when tax rates go down. As a percentage of income, donations were highest when tax rates were highest.

The best example that low tax rates don't increase giving: in 2017 the TCJA reduced tax rates for most people, and increased the standard deduction (but reduced the charitable deduction). Even though they were being taxed less and had more money to donate, Americans donated several billion less to charities each year (estimates very, but they're all between $15 and $20 billion less each year).

I want you to know I took some time research and educate myself on these claims.

From my findings, I could not find anything directly correlating the 2017 TCJA to total donations. The TCJA did change how deductions are treated, and more people opted to go with standard deductions instead of itemized deductions, but this is not the same as total donations. It is possible this incentivized people to donate less because they couldn't get as much of a tax write off.

For total donations, it has continued to trend upward despite some fluctuations, and a $20 billion swing is not a large deviation. The numbers I saw were $400+ billion during that time. Again, this has many more factors than the TCJA.

Most importantly, I'd like to reiterate that libertarians do not claim that cutting government will "solve" problems like open source projects getting enough funding. Just that it will give the free market an opportunity to find a balance. No big bill is going to solve these problems either, it will only make it worse. The end does not justify the mean. Stop taking people's money, and let them spend it on the things they find valuable even if you disagree with it.

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