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You statement makes it sound like they aren't currently doing those things already. Can you point to some data that shows they aren't donating to charities and
by DamnYuppie 4y ago
You statement makes it sound like they aren't currently doing those things already. Can you point to some data that shows they aren't donating to charities and aren't diversified? I can understand if someone like Bezos is highly invested in the company he founded but overtime he will be like Gates and hold a small portion of his portfolio in Amazon and the rest broke up across many companies and charities.
- Johnny555 4y agoThen I guess a wealth tax is not needed, billionaires are already giving away all of their money or starting new companies through direct investments, so they're no longer billionaires.
- throwaway894345 4y agoIf you have a billion dollars and you invest all of it, you're still a billionaire (unless your investments tank). No billionaire keeps all of his money in cash.