(03-06-2023, 09:14 AM)KingIngram052787 Wrote:

(03-06-2023, 08:45 AM)mikesez Wrote: That's kind of a fairytale.  You might have people like Jobs or Gates in mind as you say this.  I agree it's good for those people to get huge rewards for their accomplishments.  Theres nothing wrong with the existence of billionaires per se.  But we don't necessarily tax the hell out of them.  They can acquire money by growing their business and selling shares of it afterwards, but, they are not always taxed on that.  Often it goes to a trust. It's a convoluted issue, especially for the extreme cases at the very top, and the large corporations.

It's also a fairytale to think by taxing them more that the additional tax revenue is going to go to some greater cause to help those in need. I'd pay more in taxes and advocate for all those billionaires to pay more if I thought society would receive some great benefit out of it, but we don't.  At the end of the day, taxing them more is just going to put people out of jobs and stifle growth.