Earlier quoted context omitted.
I feel the problem is the fact there is 100 billionaires in he first place, no one gets rich on their own. Gates et al, are clever, but didn't get where they are totally independently without others support, so they should give back. Also, some of these billionaires are running companies that are great at tax avoidance, probably most of them. Now what? They get to pick and choose where they get to spend there/invest…
Countries that have no rich people are never prosperous. You can raise marginal income tax rates from, say, 60% to 70%, and maybe that's a good idea overall, but it doesn't get rid of billionaires. High-tax Sweden has as many billionaires per capita as the US does: https://en.wikipedia.org/wiki/List_of_Swedes_by_net_worth If you raise the marginal tax rate to 99%, then you get rid of billionaires, but you also kill y…
Further, there's never been proof it "kills your economy." I've never met a phenomenally wealthy person who said "well, if tax rates go up to x%, that's when I stop working." These folks LIKE working, money is great, but it's not their driver. And, even if they DID stop working, would it be the worst thing in the world? Honestly - do we really think there's only one Gates, Zuckerberg, Ellison, Page, etc?