Tim Knowles
2 min readDec 4, 2020

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You are not wrong. I was putting a social perspective on things as opposed to an individual perspective. Thanks for your responses.

A rich individual may pay are higher percentage of their individual incomes in income taxes but the "Rich" do not provide the bulk of tax revenue the 90 percent do. Also your numbers don't reflect total taxes, I don't think they include sales tax, FICA, Medicaid, State and local taxes or excise taxes that many of us don't even know we pay. I have around 40% of my pay withheld for federal, state, FICA and Medicaid from my paycheck and I don't get refunds.

If you start a non-profit you can pay yourself a salary. You don't have to have some other source of income. We don't tax revenue we tax profit.

Just because you did not elect to pay your taxes and if you don't the law will come down on you does not make it not charity. Society decides to be charitable by electing representatives who will decide how much charity we must provide.

I missed the clue you were talking about a wealth tax, which I support. I don't consider it theft, I consider it confiscation. The redistribution of ill-gotten gains. I don't think anyone with billions of dollars got that way by shear virtue. That we might confiscate a few percent of you massive windfall should not bother you. If for some reason your net worth falls below the threshold, say, half a billion dollars we will stop the confiscation because we don't want to beggar you ;-)

Did I mention that I think we need to impose capital controls yesterday to prevent capital flight. I also think we need to force repatriation of overseas capital for U.S. citizens and corporations.

I can rebrand whatever I can rebrand, public opinion overcomes dictionary definitions, actually usage redefines dictionary definitions.

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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