I am aware of the Gates and Buffet comments. Interestingly, BOTH have created foundations that are in many ways, huge tax shelters available to rich folks.
I am NOT saying they are hpocrites, as I would have no way of knowing that.
And, there is nothing that would stop them from giving all of their money away, to the fed govt today. It is clear neither one will do that.
What I am saying is that the notion of paying because you can pay is not inherently fair, it is inherently silly. Essentially what is says is, we reward failure and punish success. It also assumes that somehow, the Fed Govt is responsible for your succcess or that society is and is entitled to a larger share of what you generated. Does that make sense to you? Would you teach that to your children?
Kind of backwards thinking, I think.
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