Isn't this comparing total wealth to a yearly rate? Wouldn't it be better to take the percent based on income per year? Or average the percent to total wealth over 10 years? By this standard, if you count assets like a house, no one in the middle class donates near this.
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But there's the issue that they'd still get to choose who got the money (who was it that donated to their own charity?), which is why taxing them is important.
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If these people had just $1 billion + gave away 99% of their wealth, they'd have $10 million left and can live upper class for life If I did that I could maybe buy a cool steam game on sale before I'm evicted
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