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Bill Gates thinks the super-wealthy should pay more tax – and plenty of rich people agree
(www.businessinsider.com)
this post was submitted on 22 Jan 2024
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Its not silly. Its a fact of economics for everyone. I compete with other people about my income level for the type of housing I might buy. If I voluntarily lower mine in relation to everyone else because we decide the best way to fund government is some sort of voluntary charity affair then giving more would cause me to lose in the bidding process of a possible home. That is why taxes have to be collected from everyone equally based on their relative wealth.
Yes, I'm sure if Bill only has $20B instead of $120B he will go homeless.
its not about that. Im not sure if your being disengenous or are actually not getting what I just said. Its pretty plain. Someone who has 20B is not going to be able to buy the same real estate as someone with 120B For that matter it would also be other large things like companies at that level but I use houses because folks can understand that a bit better. By hook or crook they got to where they are at and they are not going to give it up for just themselves because some people want the goverment to work on a charity methodology. Taxes have to be collected and they need to do so in an even handed manner based on wealth. The right likes to complain about high taxes but they are incredibly low and have underfunded things for over 40 years now which means we actually need higher than normal taxes at some point in the future to ever be prosperous again as a society. The amount does not matter so much though as consistent collection to keep the relative playing fields level as the most expensive things people buy are somewhat limited and done in competition with each other.
You're making points about general economics and government financing while the comment was about Bill Gates specifically. Of course we're not going to say "everyone should pay more taxes if they want but taxes will stay as low as possible". But Bill is 70 years old and worth $100B. He no longer competes with anyone for resources or companies, he's no longer working to build his wealth and improve his quality of life. He's just hoarding wealth that he uses to influence policy on a scale that should be restricted to elected officials. If he really thinks the government needs more money and can do with less he can stop hiding taxes in charities.
again. disengenous. the reason specifically bill calls for higher taxes for his class rather than just paying extra himself is because he wants to maintain his relative level. its great you think he has more than enough but this is not about someone voluntarily paying to fund the US. Its about collecting taxes on the wealthy. The response he should just pay more and stay out of it is just nonsensical.
This is what's nonsensical. "If Bill pays more taxes he might be only #10 richest man on the planet. Surely he can't do that." Yeah, it would be sooooo tragic if he would have only half of the money Elon Musk has.
As I said, at this point he's no longer building his wealth, his just hoarding money. I have no idea why you keep insisting that his wealth relative to other billionaires is so important. He's no longer competing with them for resources. He has millions times more than he can use in the rest of his life.
yeah. as are all the rest. so taxes should be taken equally from all of them not just having bill gates do it.