When you organize a nonprofit, you dedicate it to the public benefit. it’s not supposed to ever have owners, everything it does it supposed to be for me and you. as far as I’m concerned, this is a multi billion dollar larceny against the general public and we really need better laws that preserve our nonprofit institutions. Just even trying to plan this out is a crime against humanity
I also come to the conclusion that this was planned from the start–that if it ever took off, they would change the status and profit from it. They took tax breaks for years in the early days and now want to take a capital benefit.
When you organize a nonprofit, you dedicate it to the public benefit. it’s not supposed to ever have owners, everything it does it supposed to be for me and you. as far as I’m concerned, this is a multi billion dollar larceny against the general public and we really need better laws that preserve our nonprofit institutions. Just even trying to plan this out is a crime against humanity
With healthcare systems and churches as some of the biggest offenders.
I also come to the conclusion that this was planned from the start–that if it ever took off, they would change the status and profit from it. They took tax breaks for years in the early days and now want to take a capital benefit.