I was actually inspired to ask this question some time ago. Billionaire Bill Gates donated the majority of his fortune to a charity.
I can understand his logic. Just how much money does one man need? But when he did, I thought something ironic to myself. Instead of donating it to a charity, why didn’t he just pay his fair portion of taxes, income presumably, and others?
Because someday Medicare and Medicaid will go broke. And there are public libraries and public schools and public roads in need of funds. People want all these things to run efficiently. Yet they want to pay little in taxes to support them. Think about it.
Of course, then it occurred to me, rich people in the USA actually pay very little in the way of taxes. Tax havens and tax shelters and the like. And it doesn’t help four of our six last presidents were Republicans.
Bill Gates like many rich people simply doesn’t have to pay many taxes.
I don’t know what you will think of this. But this gave me a wild idea (I assume GD is the right forum for this:)). Why isn’t it possible for someone to make a donation (if you will) to the US government or even some state government?
You could even earmark it for whatever social services you want, like Medicare or Medicaid for example.
My question: Is this already possible (I know there is a department just for people to donate money if they have a twinge of conscience for something–seriously)? And if it isn’t, should it be?
I think this is a good idea, BTW. In fact, if anyone in Washington is reading this, I hope they will even take it seriously. Especially if it has never been tried before.