Comment by input_sh
4 hours ago
To whom? To "charities" owned by other billionaires such as Bill & Melinda Gates Foundation and those owned by his children.
I don't want billionaires to donate anything, I don't want them to use their money to shape the world to their liking. I want them to pay their fair share of taxes and a functional government that properly allocates those extra funds instead of funding the bare minimum.
We shouldn't tax production but what people take, like land, or polluting our environment, or monopoly privileges granted by government.
Which all coincidentally tax billionaires a lot to the point there might not be billionaire, but it's not the 'fair share' that people thought of. It's not asking the rich people to pay more because they make more, but because they owned non-reproducible privileges or because they imposed a cost on our shared environment such as CO2 emission.
Don't tax what people produce, but what they took.
The tax revenue collected would be then be invested by government to boost the economy or else return to the people via the Citizen's Dividend.
Your government is pretty dysfunctional the way it is. I'm not surprised billionaires don't want to waste their taxes on that crap.
Who do you think is responsible for such a dysfunctional government? Is it your average working class person earning about $65k/year or is it billionaires that can throw unfathomable amounts of money at any topic of their interest without it even making a dent in their pocket?
To take a recent example, the median income in New York City is about $79k/year (before taxes), while Bill Ackman alone essentially threw away 21.5x that in his failed attempt to influence the election.
No matter where you are on the political spectrum, you almost certainly believe that at least some billionaires carry a disproportionate responsibility for that dysfunction. Whatever they are, Elon Musk, Bill Gates, Donald Trump, George Soros or indeed Warren Buffett aren't just passive observers of government.
Not surprised, but the best solution is not to let billionaires control, tax free, major parts of society instead. The best solution is building a more functional democracy which is in charge of redistribution.
Billionaires are simply people who play the money game best.
I’m not the best basketball player, but I can admire the game of the best players without being jealous of them.
The government already has way more money every year to spend. It wastes a lot of it. A world where all surpluses are distributed by a committee of politicians and their buddies would a be a terrible one.