One of the more compelling arguments against a wealth tax is that the rich already donate plenty to charity, money that would otherwise go to the government; this was part of Mark Zuckerberg’s defense of his class when he went on Fox News last month.
But according to a table compiled and tweeted by UC Berkeley economist and wealth tax advocate Gabriel Zucman using data from Forbes magazine, the rich are barely giving any of their fortune away in any given year. Zucman pulled data from Forbes’ venerable billionaire rankings and a recent list it released compiling the 50 Americans who distributed the most money to charitable causes in 2018.
Source: Vox, here:
Source: (Opinion) Current Affairs
Source: (Opinion) NPR