“The reaction of the world’s most notable billionaires has been commendable,” you say (“Austerity is out of the question: the wealthiest must help pay for this crisis”, Business leader). Really? Donations of $100m to food banks, $1bn towards the pandemic and $100m for vaccines respectively from Jeff Bezos, Jack Dorsey and the Gates Foundation are not significant portions of their wealth but the difficulty with charitable gifts is that the donors decide what they give and what are worthy causes.
The claimed answer being to tax it off them then the peeps get to decide what it’s spent upon.
The point of not taxing it off them being that the donors decide what they give and what are worthy causes. As someone or other did in fact say, money fructifies in the pockets of the populace….