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The fact that tax money is perceived as mismanaged is never an excuse to avoid paying taxes. That's a different problem with it's own solution. At least a citiz
by decebalus1 8y ago
The fact that tax money is perceived as mismanaged is never an excuse to avoid paying taxes. That's a different problem with it's own solution. At least a citizen has the theoretical power to vote out people who mismanage tax money. You don't get a say about how a billionaire spends his/hers money. Actually, most of them are hoarding it. And the corporations holding the money become more powerful, being able to greatly influence the aforementioned mechanism of voting. It's a bad thing. A very bad thing and I'm very sad people are not more outraged about this.
- nv-vn 8y agoI hear this all the time but I don't understand what hoarding means in this context. Surely you're not implying that the majority of any billionaire's wealth is just cash under their mattress? I'm fairly sure that most of any given billionaire's wealth is invested, often in equities or bonds. In that sense, they are letting others borrow their money and funding economic development. Same goes for money sitting in a bank that gets loaned out.
- sokoloff 8y agoWhy should I get a say in how a billionaire spends their money? That I don't get a say is a feature, not a bug, because the minute I get a say, someone else gets a say in my private affairs.