> And sometimes I think about how many of the richest have a 100% tax bracket as they've pledged their fortunes to charity after death. That's not the same as

> And sometimes I think about how many of the richest have a 100% tax bracket as they've pledged their fortunes to charity after death. That's not the same as a 100% tax bracket, because those resources are free to be deployed while the person is still alive. Also, with charity, the devil is often in the details. The Bill & Melinda Gates foundation, for example, is focused not only on helping stop disease in disadvantaged countries but also encouraging stronger IP protection in medicine[1] and pushing for privatization of education[2]. Charitable organizations can be conduits for transforming economic power into political power. This is not the same as a tax. [1] https://newrepublic.com/article/162000/bill-gates-impeded-global-access-covid-vaccines https://newrepublic.com/article/162000/bill-gates-impeded-gl... [2] https://www.washingtonpost.com/education/2019/06/19/bill-melinda-gates-have-spent-billions-drive-their-agenda-education-other-issues-now-they-have-created-lobbying-group-push-even-more/ https://www.washingtonpost.com/education/2019/06/19/bill-mel...