Endorsed. I wildly guess that in practice “counterparty might do better with the money than me” will rarely be a big consideration; but I could see “transaction costs plus externalities plus harm to counterparty, together burn more value than my charitable donations create” being a thing, especially if you’re doing low-margin high-volume.
Endorsed. I wildly guess that in practice “counterparty might do better with the money than me” will rarely be a big consideration; but I could see “transaction costs plus externalities plus harm to counterparty, together burn more value than my charitable donations create” being a thing, especially if you’re doing low-margin high-volume.