14 February 2025
Privatizing Gov't Programs With Tax Credits
If the government is truly less efficient at executing humanitarian programs than the private sector, private donors should be incentivized with tax credits to replace current public sector services. The latter include foreign aid, medicare, medicaid, educational grants, public housing, etc. The net consequence of a policy to offer, say, unlimited 100% income tax credits for funds spent on qualified programs could harness the profit motive of entrepreneurs and the good will of billionaires in the achievement of human benefit for the purposes of both domestic equity and international political advantage.
Federal Legislation ought to be drafted to substitute corporate and high level personal income tax credits for government deficit budgeting on such independently approved programs. Instead of monitoring public waste, inefficiency and corruption through politics, capital markets and public opinion can be tasked with disciplining the humanitarian programs of private business and donors.
Comments:
Post a Comment
