this post was submitted on 08 Sep 2023
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Are we really seeing people say we shouldn't tax billionaires? I wouldn't say that. But this post is basically rage baiting. Like. Yeah. There definitely have been Billionaires who have given all their money away. Or at least the majority of it. They exist. I get why people think Billionaires shouldn't exist. I'm all for taxing them. I'm all for changing regulations to disallow such a large accumulation of wealth and then hoard it so it can't circulate and do what it's meant to do. But are we really suggesting that the majority of people don't think we should tax Billionaires?
Yes. Well, some saying we shouldn't tax billionaires more and others saying that the money is better off with one private individual setting up companies and charities, rather than leaving that to governmental entities.
To me, someone paying only ~25% tax when earning millions per year is obscene.