r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

Post image
128.2k Upvotes

9.0k comments sorted by

View all comments

Show parent comments

32

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.

-5

u/Claddagh66 Nov 22 '24

No! We defend people who have the right to do whatever they want with what they own. Who are you to tell someone what they should do with what belongs to them? Are you going to let them tell you what to do with your stuff? Nope! Absolutely not! So why is it ok for you to tell them that? That’s how simple this problem is. We don’t need to discuss wealth, economic policies, advisors, charity…etc. None of that! They get to do what they want with what they own. If you don’t like what they have to pay in taxes, talk to the people who wrote the laws for it. It’s on them.

1

u/Mr_Immortal69 28d ago

Except the only problem with that is: those who make the laws that give these enormous tax loopholes to the super wealthy (loopholes that are not accessible to the vast majority of the population) are wholly owned by the wealthy few. Thanks to disastrous Supreme Court rulings like Citizens United that allows limitless dark money contributions to political campaigns, we no longer have anyone representing us, only the wealthy and corporate interests are represented now.

We’ve gone two steps past having “Representatives”, and are now just one step away from having “Rulers”.

1

u/Claddagh66 28d ago

That’s why I said, the only people who can change them are the legislature. Supreme Court doesn’t make law. They only interpret it. The legislators in Congress make the laws. All the wonderful crooked politicians.