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>It’s kind of cool? Like you could imagine a hierarchy, in roughly ascending order of wealth:
>Too poor to pay taxes.
>Rich enough to pay taxes.
>Rich enough to not pay taxes.
>Rich enough to not even bother with not paying taxes.
Earlier quoted context omitted.
It takes about 30 seconds for the US National Debt clock ( https://www.usdebtclock.org/ ) to tick off $1 million, so almost 2.5 days to tick off $7 billion. I'd say $7 billion covers much more than 3 seconds of interest.
even in your "correct" math, your comment doesn't really improve the ridiculously small amount of moving of a needle that this would make
Earlier quoted context omitted.
It takes about 30 seconds for the US National Debt clock ( https://www.usdebtclock.org/ ) to tick off $1 million, so almost 2.5 days to tick off $7 billion. I'd say $7 billion covers much more than 3 seconds of interest.
even in your "correct" math, your comment doesn't really improve the ridiculously small amount of moving of a needle that this would make
That seems like a sizable contribution for a single person in a country of 330 million.
Pretty obscene that somebody could have so much wealth that $7,000,000,000 is just the tax bill. Also weird that it's framed as a "gift."
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Pretty obscene that somebody could have so much wealth that $7,000,000,000 is just the tax bill. Also weird that it's framed as a "gift."
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Earlier quoted context omitted.
Left does not mean gift, it's a common term which applies when politely referring to the a recipient of an inheritance.
Left means a gift via inheritance, which is the exact opposite of an estate tax (it's not a gift or via inheritance, it's a tax on the value of an estate and paid before distribution).
They could could have blown it on building a pyramid to house their corpse.
The government is not entitled to the assets.
My takeaway: Forbes rich list amounts are basically fictional. Do you think they are devoting the kind of resources it would take to unravel each billionaire's finances? Clearly not. If it's mostly large sharehioldings they might be in the ballpark in some obvious cases.
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