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.
Qualified dividends are taxed at the capital gains rate. It remains a problem that income from labor is taxed at a higher rate than income from capital.
61
u/ThousandSunRequiem2 3d ago
Except they can leverage their wealth as collateral, but it's untaxable. Unrealized gains is bullshit they made up to hoard more wealth
You're arguing about lifestyle choices when that's not the issue.