Notre-Dame: Private Financing of a “Public Good”

Source: EconLog
by Pierre Lemieux

“It is true that the public subscription for the restoration of Notre-Dame was launched by the French government and that generous tax deductions were available, but a partial tax deduction of course does not mean that a donation costs nothing to the donor. And if there were no compulsory taxes, many people would have more money to contribute to their preferred public goods. The lesson remains that it is not unrealistic to think that the public goods worth a lot to some part of the public could be financed voluntarily.” (12/03/24)

https://www.econlib.org/notre-dame-private-financing-of-a-public-good/