No apology needed 👍🏽
The challenge for this obligation notion is that people who feel as though they have very little will get nervous and possibly angry that someone is suggesting they lose something of theirs. I understand it, because I have very little and am terrified of losing what little I have, but not for that reason. I don't understand why they seem to put themselves in the shoes of millionaires/billionaires, which are the ones people like me actually want to see some wealth distributed from. Most of the so-called philanthropy being promoted by our lineup of "world's richest guys" is actually just more entrepreneurialism, political plays, and tax write-offsis an amusing quick take on this.
I don't think it's reasonable for multi-millionaires to even exist (and definitely NOT billionaires), and our society just keeps trying to prove this correct by continuing to get more visibly dystopian. Hypernormalization slows people's recognition of it, but it's not invisible. We are already ruled by corporations; do we need to be ruled by wasteland warlords before people really start to object en mass?
Correct in that - the finest tax shelter in the world for a billionaire is “creating” a US foundation, that is forever “controlled” by their children. Foundation pays for all expenses and revenues aren’t taxed, as long as the kids document some kind of activity that addresses the charitable rationale (this is easy - just host a $10k per plate fundraiser at the mansion - lol). Note: the kids will pay income tax, but the foundation can cover an array of expenses if the goal to help the charitable mission is satisfied, creating great advantage. Second best is becoming an ambassador - diplomatic immunity allows one to open a dynasty trust and transfer assets into it without paying a gift tax.
That said - the idea that we need to target the wealth of billionaires to even the playing field - that is foolish. The money will go to the govt, where it’s unlikely that anything substantive will come from the money’s use - better to leave it with the billionaire who will open businesses, or spend it, either way, it’s stimulating the economy and creating sustainable jobs.
What we should campaign against is corporations who pay to get mandates instituted that fill their pockets, especially at the hands of constricting civil liberties (*cough* vaccine mandates and Pfizer contracts).