In my opinion if anyone has billions of dollars and hasn’t given a majority of it away to charity or those in need, that person is on some level at least somewhat an evil person.
Sure, much of it would be tied up in stocks and stuff that legally can’t be sold for specific purposes or timeframes, but if you have net worth in the billions and any stocks that could be sold for cash and then donated it should be. Or if you have an annual income that’s much more than you need to live an extremely comfortable life and then you just spend and invest the excess instead of donate.
Securities tax, payable in shares of the security. 1% of all stocks, bonds, and other financial instruments transferred to the IRS annually, to be auctioned slowly over time. The first $10 million held by a natural person may be exempted from this requirement. No exemptions for artificial “persons”.
In my opinion if anyone has billions of dollars and hasn’t given a majority of it away to charity or those in need, that person is on some level at least somewhat an evil person.
Sure, much of it would be tied up in stocks and stuff that legally can’t be sold for specific purposes or timeframes, but if you have net worth in the billions and any stocks that could be sold for cash and then donated it should be. Or if you have an annual income that’s much more than you need to live an extremely comfortable life and then you just spend and invest the excess instead of donate.
Securities tax, payable in shares of the security. 1% of all stocks, bonds, and other financial instruments transferred to the IRS annually, to be auctioned slowly over time. The first $10 million held by a natural person may be exempted from this requirement. No exemptions for artificial “persons”.