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Those can both be true. If I provide enough value to buy a thousand lifetimes worth of food and sit in my castle with it while people outside my moat starve -

• eloff 6y ago
  Yes. A lot of billionaires do choose to share, currently that's up to them. I think we can should make laws to put higher taxes on the rich, but in practice it's tough to do that well. Often they just move themselves or their money to get around that. One has to balance harvesting eggs com the golden goose with not killing it or driving it away. Taxing just billionaires specifically wouldn't do much as there aren't many of them. It would have to be a broader tax of some variety.
  • tartoran 6y ago
    Taxing billionares I think means more like taxing the multimilionares. If you look at what democrats proposed was a raise in taxes for income of over 1M+ or something of the sorts. Billionares could be taxed more as a penalty of parking their money in a safe fiscal heaven and it is very doable if a concerted effort is made.
  • jdkee 6y ago
    Not if we eliminate all global tax havens such as Bermuda or Lichtenstein. That combined with serious criminal penalties for tax evasion.
    • eloff 6y ago
      That's seems unattainable. They're sovereign countries competing in a world market for capital. The incentives go the other way.