SPIEGEL: But doesn't the money that is donated serve the common good?
Krämer: It is all just a bad transfer of power from the state to billionaires. So it's not the state that determines what is good for the people, but rather the rich want to decide. That's a development that I find really bad. What legitimacy do these people have to decide where massive sums of money will flow?
SPIEGEL: It is their money at the end of the day.
Krämer: In this case, 40 superwealthy people want to decide what their money will be used for. That runs counter to the democratically legitimate state. In the end the billionaires are indulging in hobbies that might be in the common good, but are very personal.He's worried about tax write-offs, which of course are there for the express purpose of encouraging charity, but never mind. Very tempting to say something about an unhealthy historical affinity between German capitalists and the state, for which a tacked-on modifier like "democratically" doesn't help much. But that would be stereotyping, and this is probably just this particular specimen, Krämer with an umlaut. The sad fact is that there's an unhealthy affinity between some capitalists and the state everywhere.
Thanks to Freakonomics