alt Hacker News>>If you assume Hashimotos net worth is one billion dollars, a $400k donation is equivalent to a $400 donation if your net worth is one million dollars.
It's not an equivalent. It's proportionally the same but it's completely different.
>>I think this illustrates just how much a billion dollars is and maybe why a very small wealth tax can be used for a lot of good in society.
If anything it illustrates taxes should be lower for people like Hashimoto. Giving even more money to the government instead of leaving it with people like Hashimoto will result in a huge net loss.
Replies
__turbobrew__ • last Monday at 11:01 PM
> If anything it illustrates taxes should be lower for people like Hashimoto
Billionaires who do good are the exception, which Hashimoto is.
taxes should be lower for milioners and bilioners period. If we had regressive tax system where your tax rate is in negative correlation to your income, that would incentivise poor people to try to earn more and jump into higher bracket.