voluntary redistribution of wealth

Robbing Peter to pay Paul

Some are against Direct Democracy because they fear that poor people, who outnumber the rich, will vote for more government welfare services for themselves and higher taxes for the rich. Taxes Funding for government activities does not have to be provided by an income tax and was not provided by income tax before 1913. Directly…

Exemptions for Charitable Donations

The practice of allowing exemptions for charitable donations can encourage wealthy people to fund public projects such as museums, universities, libraries, parks, and other public buildings. Currently, tax payers can deduct 50% of charitable donations from income, to avoid paying income tax on that amount. A tax-payer who pays roughly 40% on the top tier…

Inheritance Tax

Since wealth has a natural tendency to accumulate (the richer get richer; the poor get poorer), inheritance tax is seen as a way of slowing the inevitable increase of economic disparity. Critics of such wealth redistribution strategies claim it merely transfers the power of the wealth from the person who acquired it to the government….