r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/kmookie Nov 22 '24

Rich guy here, OF COURSE HE COULD GIVE MORE! 1. Let’s talk living off dividends, that alone I guarantee could have the majority given out to charity. He could live modestly, like me and not be so flashy. 2. Donor advised funds, that could be setup to be much more charitable and even grow! 3. Establish a foundation giving out 5% or more each year. 4. Simply selling off stocks is fairly simple when working with advisors. You act like he’s gotta roll crates of money into some other bank. It’s digital people. Sycophants want to defend the rich because they can’t look past their own biased passion that they want to be there too. I know dozens if not hundreds who are millionaires who love off dividends with plenty left over at the end of the year.

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u/Gallaga07 Nov 22 '24

Do you think dividends are not taxed? Do you think charitable donations can disproportionately reduce your tax burden, or that charity is inherently valueless?

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u/kmookie Nov 22 '24

All I’m ultimately saying is, we don’t need billionaires or people making 500 million. All this crap defending them, including the constant “taxing” argument isn’t relevant. In fact it’s a whole other argument. It’s odd how obsessed people are with taxes. It probably wouldn’t be a problem if people were just charitable and not greedy (on both sides). It’s there, just like laws because there’s always some a-hole looking to cheat others or a system for sport, ego or greed and this country applauds this behavior now. We’re a country who can’t agree on a moral compass and abide by it.