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by cjbgkagh 262 days ago
I didn’t suggest that the wealthy would want their taxes increased, but that it would increase inequality that would benefit the wealthy.

That said there are many billionaires who advocate for greater taxes, Patriotic Millionaires and Proud to Pay more. Including but not limited to Warren Buffet, Bill Gates, George Soros, and Abigale Disney. Bill Gates, as an example, goes to incredible lengths and uses shady Caribbean methods to minimize the tax he pays.

It’s important to make a distinction of weighting the wealthy by numbers vs wealthy by wealth, the higher the inequality the bigger the difference. The wealth is dominated by an increasingly small minority.

I’m making a prediction of what I strongly believe will happen, not what has happened. There are examples in history where there were unexpected emergent behaviors created out of perverse incentives. One of my favorite is the selling of indulgences by the Catholic Church to pay for St Paul’s cathedral, meant the Catholic Church made more money if people sinned more, which created some problems.