Comment by bluecalm

>>If you assume Hashimotos net worth is one billion dollars, a $400k donation is equivalent to a $400 donation if your net worth is one million dollars.

It's not an equivalent. It's proportionally the same but it's completely different.

>>I think this illustrates just how much a billion dollars is and maybe why a very small wealth tax can be used for a lot of good in society.

If anything it illustrates taxes should be lower for people like Hashimoto. Giving even more money to the government instead of leaving it with people like Hashimoto will result in a huge net loss.