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I disagree with this I think wealthy people can unhyproctitically advocate for higher taxes without necessarily giving up all their money themselves. It's log

I disagree with this I think wealthy people can unhyproctitically advocate for higher taxes without necessarily giving up all their money themselves. It's logical to realize one's own small contribution won't do much but the compulsory contribution from everyone will

ejb999 4y ago
Do you think Warren Buffet and Bill Gates can only make a 'small contribution' and it won't do much? I call BS. You know why they don't voluntarily pay higher taxes, and yet advocate for it? because they know if the tax rates/laws change, they will just pay their lawyers extra money to figure out how not to pay it - they want someone else to do it instead. Same reason Bezos preaches on GW, and yet drives around in a yacht that burns more fossil fuels than thousands or of typical Americans will use in a year. It's all virtue signaling, and nothing else.
- hnbad 4y ago
  I think I see now why you're being angry and confused. I'm not talking about Warren Buffet or Bill Gates. I'm talking about people like Marlene Engelhorn in Austria, who literally toured TV shows making arguments that border on anti-capitalism. She's a millionaire heiress and advocates not just for a higher maximum income tax rate but also for reinstating the wealth tax and raising inheritance tax. She's basically advocating for policies that would make it impossible (or extremely difficult) to become and remain as wealthy as she is, let alone a billionaire. And she's directly going against her own financial interests with this because no amount of creative accounting would shield her from all of it if it became actual policy. For the record, I remembered her being a billionaire heiress but it seems I was off by a digit or two. So I apologize for incorrectly referring to one-percenters when I meant mostly her and other millionaires (afaik) who support her project called Taxmenow. She also criticized philanthropy.

ejb999 4y ago

Do you think Warren Buffet and Bill Gates can only make a 'small contribution' and it won't do much? I call BS. You know why they don't voluntarily pay higher taxes, and yet advocate for it? because they know if the tax rates/laws change, they will just pay their lawyers extra money to figure out how not to pay it - they want someone else to do it instead. Same reason Bezos preaches on GW, and yet drives around in a yacht that burns more fossil fuels than thousands or of typical Americans will use in a year. It's all virtue signaling, and nothing else.

hnbad 4y ago
I think I see now why you're being angry and confused. I'm not talking about Warren Buffet or Bill Gates. I'm talking about people like Marlene Engelhorn in Austria, who literally toured TV shows making arguments that border on anti-capitalism. She's a millionaire heiress and advocates not just for a higher maximum income tax rate but also for reinstating the wealth tax and raising inheritance tax. She's basically advocating for policies that would make it impossible (or extremely difficult) to become and remain as wealthy as she is, let alone a billionaire. And she's directly going against her own financial interests with this because no amount of creative accounting would shield her from all of it if it became actual policy. For the record, I remembered her being a billionaire heiress but it seems I was off by a digit or two. So I apologize for incorrectly referring to one-percenters when I meant mostly her and other millionaires (afaik) who support her project called Taxmenow. She also criticized philanthropy.