Bill Gates Becomes Latest Billionaire To Grapple With Elizabeth Warren

[WiseOne]

So where are the taxes to feed the orphans supposed to come from, if not from people with 10 yachts

You're assuming that the government is better at feeding orphans than private charities?

I can think of a few worthy charities you should start writing checks to right now, if you feel that orphans are going unfed because of the lack of a wealth tax. Here's one that immediately come to mind: https://www.catholiccharitiesusa.org

Also, you can argue that the guy with 10 yachts has done a lot more for society than a typical middle class person with a median income paying job who spends everything he/she earns and will eventually end up becoming a burden to society. If we punish billionaires for amassing wealth, what does that tell this person about the value of saving? Or should we also devise a method of punishing non-savers?

[dualstow]

You're assuming that the government is better at feeding orphans than private charities?

I can think of a few worthy charities you should start writing checks to right now, if you feel that orphans are going unfed because of the lack of a wealth tax. Here's one that immediately come to mind: https://www.catholiccharitiesusa.org

I like Catholic Charities, too. My dad used to volunteer for them.

[Mountaineer]

So where are the taxes to feed the orphans supposed to come from, if not from people with 10 yachts

You're assuming that the government is better at feeding orphans than private charities?

I can think of a few worthy charities you should start writing checks to right now, if you feel that orphans are going unfed because of the lack of a wealth tax. Here's one that immediately come to mind: https://www.catholiccharitiesusa.org

Also, you can argue that the guy with 10 yachts has done a lot more for society than a typical middle class person with a median income paying job who spends everything he/she earns and will eventually end up becoming a burden to society. If we punish billionaires for amassing wealth, what does that tell this person about the value of saving? Or should we also devise a method of punishing non-savers?

Another very effective charity (1.7% overhead, 98.3% to the needy) is Orphan Grain Train. https://www.ogt.org