It’s a clever explanation, but I’m not sure how much to believe it without analysing other hypotheses. E.g. maybe tax-deductibility is a major factor, or maybe it’s just much harder to give away large amounts of money quickly.
It’s a clever explanation, but I’m not sure how much to believe it without analysing other hypotheses. E.g. maybe tax-deductibility is a major factor, or maybe it’s just much harder to give away large amounts of money quickly.