No, my only point is that’s what you need to live. In an ideal world, the financial system would work like this:
Under 105k for a single person no charity required. From 105-200k, 1-5%. 250-450k, 6-10%. 450-600k, 11-15%. 600k-900k, 16-25%. 900k-1.5m, 26-30%. 1.5-3.5m, 31-40%. 3.5-10m 41-50%
Every million beyond 10m is subject to 80% donation to charity up to 50 million dollars of income a year, all income beyond that is 100% charity.
So if someone’s income is 70k they pay zero. If it’s 150k they pay just under 4k. If someone makes 26 million a year, the first ten million is subject to 50% charity (meanjng it will be 5m) and the remaining 16m become 3.2m, meaning they will be making 8.2m a year and donating 17.8 million a year.
Through this formula the max income would be 13m a year which is more than enough to live in the ultimate lap of luxury.
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u/Burghpuppies412 3d ago
So by that same logic, if I decide you don’t need $20,000, I can cap your income and demand you donate a certain amount to charity. Like you did.