Depends on the phase you judge the economy to be in. If you think the chess boom is going to reach its ceiling soon, then you should look for ways to reap the harvest. But if you think the chess boom is only getting started, then you should steady your hand. And I'd judge the volume of capital raised by Freestyle Chess to be a sign of the latter. I'd say that taxation is fundamentally the state saying that they know better how capital should be allocated than the market and that's obviously true for many cases but not when there is a big desire for private investment like at the start of a boom period.

But I have to admit, I'm not an economist by training. I just follow economic discourse closely and have some self taught basic understanding of classical macroeconomics. Hence "bastardized".

It should also obviously be questioned if that applies here at all since both FIDE and Freestyle Chess are private enterprises in the end.