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theHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 1 year ago

TIL: Nearly 77% of the Forbes 400 Have Given 5% or Less of their Net Worth to Charity

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TIL: Nearly 77% of the Forbes 400 Have Given 5% or Less of their Net Worth to Charity

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theHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 1 year ago
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Nearly 77% of the Forbes 400 Have Given 5% or Less of their Net Worth to Charity
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A recent analysis of the 2022 Forbes 400 list, which ranks the wealthiest individuals in America, has revealed a startling trend in…
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  • apfelwoiSchoppen@lemmy.world
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    1 year ago

    And when they do give that ~5%, they want adoration. Always remember charity is the failure of the state. Tax those hoarders so that 400 is flattened.

    • delirious_owl@discuss.online
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      1 year ago

      Is welfare not a form of charity?

      • not_woody_shaw@lemmy.world
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        1 year ago

        Charity is up to the whim of an individual, whereas welfare is more like what society as a whole agreed is the right thing to do.

      • Mr_Blott@feddit.uk
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        1 year ago

        Welfare is your duty to humanity, you selfish cunt 😂

        • delirious_owl@discuss.online
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          1 year ago

          Is charity not a duty to humanity too? I don’t understand the distinction.

  • Flying Squid@lemmy.world
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    1 year ago

    Which is why philanthropy is bullshit and shouldn’t be a thing. Help for the needy should come from the government.

    • SanguinePar@lemmy.world
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      1 year ago

      Agreed, although, that money should come from proper taxation of the very richest.

      • ObjectivityIncarnate@lemmy.world
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        1 year ago

        In the US at least, we already pay more every year in welfare programs than we could afford even if we wealth taxed our “very richest” at literally 100%. Nearly $800 billion. Yearly. This is not a solution.

        We as a country pay more than enough taxes already, period. It’s the government not spending it efficiently, and not being held accountable when it doesn’t.

        As just one example, the US government already pays more per person for healthcare than any other nation on the planet. But how many health categories are we first place in? We put the most in, we should be getting the most out, right?

  • Troubleinmind@lemmy.wtf
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    1 year ago

    You don’t get to be that rich by caring about people.

    • delirious_owl@discuss.online
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      1 year ago

      Behind every great wealth is a great crime

  • sin_free_for_00_days@sopuli.xyz
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    The majority just give enough to lessen their tax burden. Should have at least a 50% wealth tax on anyone on the Forbes 400. Fucking vampires.

    • linearchaos@lemmy.world
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      1 year ago

      Hell I’d settle for 28. Wonder how many of them are paying closer to zero.

    • delirious_owl@discuss.online
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      1 year ago

      Why not 100%?

      • not_woody_shaw@lemmy.world
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        The problem is 100% of what. There are so many paper tricks to make a billionaires income add up to zero.

        “100% of all assets and income over a billion” might work, but you still have the problem of whose opinion do you take on the value of an asset.

        • delirious_owl@discuss.online
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          100% of income. If they hide income, they’re a criminal.

    • ObjectivityIncarnate@lemmy.world
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      The majority just give enough to lessen their tax burden.

      There is no amount of charity you can give that results in you having more money than if you hadn’t, Kramer.

  • bitwolf@lemmy.one
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    1 year ago

    Trickle down economics?

    • acockworkorange@mander.xyz
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      1 year ago

      Feeling the trickle yet?

      • delirious_owl@discuss.online
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        1 year ago

        Yes. But I’m pretty sure I’m just being peed-on by those above me.

        • acockworkorange@mander.xyz
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          1 year ago

          As designed!

  • Default_Defect@midwest.social
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    1 year ago

    I’d be more shocked it they did more than 5%.

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