They leave the money in their companies that, like Apple, evade taxes sheltering their money through international tax heaven
They are worth billions not because they have billions cash on which they paid taxes, but because they own stocks and properties worth billions
So yeah, paying a marginal tax on their wealth is only fair
> Even if you could tax 100% of all billionaire money, you will only fund the entire federal governments spending by a year.
There are 11 million millionaires in USA, if you take the 1% of their wealth over a million you could have an healthcare systems that don't let you die like flies when the next COVID-19 hits
If they were willing to give volunterly that wouldn't be necessary
Taxes are always taken, even if you earn 20k/year
I know that the only reason USA are born was to avoid paying taxes, but it's a bit silly to think that a billionaire cannot be asked to contribute back to help those that are in need
A billionaire
It means at least a million times a thousand dollars
1% for them is virtually nothing
Unless billionaires want to send their children to collect trash, ship Amazon packages, drive cabs, keep the house clean, defend the country in the military (funny how rich people almost always skipped it) etc. etc. then they owe to society more than society owes to them
It's that simple
To not understand it one must be mentally challenged
The funniest thing is that you're not a billionaire and would only benefit from a more just society
But you felt for the same mistake that Scott Fitzgerald made many years ago.
"The rich are different from you and me” wrote in his novella, The Rich Boy, with a sense of romantic longing.
Ernest Hemingway is said to have replied “Yes, they have more money.”
Hemingway wrote later on, in a 1936 issue of Esquire magazine, “that was not humorous to Scott. He thought that they were a special glamorous race and when he found out they weren’t, it wrecked him"
Billionaires don't pay 90% on incomes
They leave the money in their companies that, like Apple, evade taxes sheltering their money through international tax heaven
They are worth billions not because they have billions cash on which they paid taxes, but because they own stocks and properties worth billions
So yeah, paying a marginal tax on their wealth is only fair
> Even if you could tax 100% of all billionaire money, you will only fund the entire federal governments spending by a year.
There are 11 million millionaires in USA, if you take the 1% of their wealth over a million you could have an healthcare systems that don't let you die like flies when the next COVID-19 hits
But if you prefer to die, it's ok to me
Just know that your system is broken