Re:Why a German billionaire says that pledges like Mark Zuck...
by mmaunder on Thursday December 03, 2015 @12:33PM
(#10670992)
It also implies that there are no taxes in the USA i.e. no revenue whatsoever for the government to dedicate to social programs. Total government revenue in the USA (Federal and state) for 2014 was $5.8 Trillion.
The question arises: How would the government be able to "give" Zuckerberg's fortune rather than him giving it himself? Through extremely high taxation for the wealthy that would take away the lion's share of his billions so that the government can put it to work more effectively. So what? 90% tax rate on the megarich?
Government isn't known for it's efficiency in spending or giving. I'm left leaning, but we don't need to give the government new ways to not spend money where it's needed.
The question arises: How would the government be able to "give" Zuckerberg's fortune rather than him giving it himself? Through extremely high taxation for the wealthy that would take away the lion's share of his billions so that the government can put it to work more effectively. So what? 90% tax rate on the megarich?
Government isn't known for it's efficiency in spending or giving. I'm left leaning, but we don't need to give the government new ways to not spend money where it's needed.