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re: ‘We Are Part of the Problem’: Billionaires and Heirs Demand Wealth Tax

Posted on 6/25/19 at 1:51 pm to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124527 posts
Posted on 6/25/19 at 1:51 pm to
quote:

Wonder why they aren't doing this privately instead of wanting it forced on them via taxes?

Oh, it worse than that.

Like Gates and Buffett, most of these folks have their money squirreled for delivery into tax avoidance Foundations. They'll avoid any tax via funding "charitable" endowments abroad which will be accessible in various ways by their progeny in near perpetuity.

Wealth taxes are for the rest of us.
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