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by MR4D
1902 days ago
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Then just write a check to the IRS voluntarily and go around on Oprah and Ellen and get them to help browbeat others to do the same thing. Why that is not an apparent option is beyond me. People who “give to charity” at this scale have enormous tax breaks that are beyond comprehension. Giving that money to the IRS gives you ZERO tax breaks. This one fact should tell you everything about the people we are talking about. |
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However, one of the ways rich people keep control of their wealth is through all sorts of trust.
I highly recommend that people go Google “ charitable remainder trust” or GRATs and learn about them.
When billionaires give to charity, they are almost always getting something huge in return. They get to sorts of positive press as well.
I’m not arguing for or against any particular policy here, just that when billionaires ask for higher taxes, they’ve already gamed the system. It’s a way of looking good without actually doing good fat least, nowhere near as much as it looks).