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Comment by aetherson

Even very large salaries are probably not a very significant amount of wealth for these people. I think this is a case where "all large numbers look the same."

If Warren just directly gave his money to his three children equally, and paid 40% inheritance tax on that money, and then the children each just used 1% of that wealth per year, then they'd each get:

144000000000 * 0.6 / 3 / 100 = $288 million each year.

No foundation pays its CEO 10% of that much money. I think we may have to accept that in fact this is a way to give money to charitable causes, not just horde it.

parent aetherson 1 month ago

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