Look, you can keep pointing out obvious loopholes and people can keep answer with increasingly obscure examples of laws or of people getting convicted trying just that until the cows come home, but that’s missing the bigger picture.
The rich don’t want people to get rich easily. For legal loopholes to go unpatched, they have to be complicated enough that politicians can plausibly deny blame and they have to require enough wealth to begin with that rich people see it as a tool rather than as a threat. Or they have to be something that has genuinely escaped notice so far despite millions of people searching for it. A lay person free-associating from nothing is very unlikely to come across something that hasn’t been tried yet.
So then wait. So why not just make a charity, then employ myself as manager or something.
Such a stunt is usually done with a “foundation” instead of a normal charity.
Depending on your legislation, this may indeed become a loophole to receive donations and avoid taxes.
Look, you can keep pointing out obvious loopholes and people can keep answer with increasingly obscure examples of laws or of people getting convicted trying just that until the cows come home, but that’s missing the bigger picture.
The rich don’t want people to get rich easily. For legal loopholes to go unpatched, they have to be complicated enough that politicians can plausibly deny blame and they have to require enough wealth to begin with that rich people see it as a tool rather than as a threat. Or they have to be something that has genuinely escaped notice so far despite millions of people searching for it. A lay person free-associating from nothing is very unlikely to come across something that hasn’t been tried yet.
In most countries charities have reporting requirements and rules to follow to stop exactly this method of fraud.