Step 1 – pay 3 billion dollars to the poor. You would still have 1.1 billion dollars.
Step 2 – Tell your companies to help also. Poor and need to fly somewhere? Well Virgin Airlines could provide a free flight!
This article follows the Bill Gates’ article : Bill Gates: 'I don't deserve my fortune'.
Microsoft co-founder Bill Gates says he doesn’t “deserve” his fortune and thinks taxes on the rich should be much more “progressive” than they are in the United States.
“I have paid more than $10 billion in taxes, but I should have paid more,” Mr. Gates, who is worth roughly $96.5 billion, told the UK.’s Daily Mail in an interview published Tuesday. “I more than followed the law but I think things should be more progressive.
“I don’t deserve my fortune,” he said. “Nobody does. It has come through timing, luck, and through people I worked with. I certainly worked hard and I think software has been a beneficial thing, but I benefited from a structure too.”
Bill Gates is worth 96.5 billion dollars. Well Bill let me explain what you can immediately do to help!
Step 1 – pay 95.6 billion dollars to the poor. You would still have 1 billion dollars.
Step 2 – Tell your companies to help also. Poor and need software? Well Microsoft could provide free software!
Step 3 –Microsoft could provide free software also to schools and governments!
Step 4 – and Microsoft lets not forget under privileged countries. Give China free software!
Step 5 – No need to fight for IP protection, after all you made your fortune on the backs of those who could pay for software, now just give it all away! Help the rest of the world Bill!
Let’s see if Richard and Bill act on their words.
Nothing is stopping him from giving a few billion to the government!
A simple revision to the tax code will solve this.
CHECK BOXES
Give millionaires the option to raise their own tax bracket brackets by 5%, 10%, 15%, 20%, and 30%
Why wont they support this?
Because they don’t want it to be optional. They want to force everyone to not only think like they do, but more importantly to do like they would.
Except they wont. Not unless it’s foisted on all.
If far left U2 left Ireland to avoid taxes...the uber wealthy will do the same.
Lead by example guys. But none of us hold our breath for that to happen.
Since they are the ones encouraging the illegal alien inundation, I agree.
I wouldn’t shed a tear if some entity confiscated all of this his money.
"...billions of dollars..."
Plank #2 of the Communist Manifesto: A heavy progressive or graduated income tax.
The 16th Amendment of the U.S. Constitution, 1913 (which some scholars maintain was never properly ratified), and various State income taxes, established this major Marxist coup in the United States many decades ago. These taxes continue to drain the lifeblood out of the American economy and greatly reduce the accumulation of desperately needed capital for future growth, business starts, job creation, and salary increases.
http://laissez-fairerepublic.com/tenplanks.html
He doesn’t need a tax for that. The government is more than willing to accept a donation.
If he wants to make this as a personal decision, I have no problem with it. However; his best bang for the buck is NOT through taxes.
More BS virtue signaling.
Branson: “Sure tax the heck out of me, I deserve it!”
But the reality is, most of his wealth is not in the form of an income. Branson has an army of accountants, so whatever taxes come his way, he’ll avoid them. And, if it gets to be too bad, he will just move. All he has to do is say “move” and a task force will mobilize and move him. It will be seamless and effortless.
All the while, he can look like he cares.
The big problem is envy and jealousy over wealth disparities, not the disparities themselves. Encouraging globalist/socialist thought makes the problem worse, whether the disparities get bigger or smaller. The solution is to stop pretending that the forcible redistribution of wealth is virtuous or even ethical.
If Branson doesn't like being a billionaire, he can pay for 250 miles of border wall and help Make America Great Again, or he can do whatever he thinks would be best. What he cannot do is take money from others to redistribute and pretend that is anything other than wallowing in envy and fake generosity (using other people's money to pretend to be generous is as fake as it gets).
I have a better idea Richard, let’s just confiscate all of your money.
So Branson, you need to be told or ordered by law to pay in more? If you think you should pay m ore just do it, otherwise you are just blowing smoke about it and really don’t want more of your money going to pay for govt things.
It’s just talk.
If they were really willing to part with their billions they wouldn’t be using the tax shelters created by their Democrat buddies.
They want to have it both ways. Hypocrites.
If he wants to change the laws, he should run for office and try to get elected on raising taxes.
The “Tax Me More Fund”. Branson should heavily pay in as he’s a brit.
Even if all these virtue signaling billionaires gave all of their money to the US government... it wouldn’t even make a dent in the national debt. Our spendthrift politicians are diverting trillions of dollars a year to nonsense that the founders could never even have imagined. Manufactured crisis such as “global warming” are slight of hand to keep the public distracted from ending the real crisis which is out of control government diversion of funds.
Stop virtue-signaling. Write checks to the IRS to make up the difference between taxes levied, and what you believe is a “fair” amount.
The issue he doesn’t address is what the government will do with the money.
People like Branson will buy stuf and invest their money in companies that create wealth and provide jobs.
Governments typically waste the money in their own capitol areas: boondoggles, payoffs, graft, lobbyists ...
Tax cuts always result in increased tax revenues.
Taxes are about control, not income.