7 ms·

Maybe it is less about the tax revenue and more about preventing power imbalance. Why is it good to have so much power concentrated in the hands of one person?

• evandale 4y ago
  I firmly believe Musk, Gates, and Buffet to name a few do more good with their money than if any government got their hands on it. Not all the billionaires are bad.
  • cute_boi 4y ago
    Looks like you need to look Shenanigans done by Musk, Gates etc. I don't know that much about Warren Buffet, but the main point is when you are billionaries you can earn kindness etc.. They hire PR agency so that gullible people like them. They are really not better than government because these people are the one who lobbies government to vest their selfish desires.
    • phaistra 4y ago
      > Looks like you need to look Shenanigans done by Musk, Gates etc You should check out the shenanigans that the US government gets away with. Whatever bad things Musk, Gates and crew is small fry compared to the government.
  • Johnny555 4y ago
    I firmly believe Musk, Gates, and Buffet to name a few do more good with their money than if any government got their hands on it. Not all the billionaires are bad. A side effect of a wealth tax is that instead of wealthy people building wealth that's just going to be taxed away, it would incentivize funding charitable foundations like the Gates Foundation. Bill Gates has done a lot of good with his foundation, but that doesn't meant that one person should control that much money.
  • dlp211 4y ago
    Taxes != spending so this is the wrong frame to view taxes through.