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They dont need all of it.
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Dam right the only way they do if there is a tax receipt in it for them.or they would cry the blues |
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I believe that no on should be a millionaire, as they should give away all the money they don't
need, and no on NEEDS to be a millionaire. Nice Point. You got me thinking. |
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Most millionaires do give to charities because it is tax-deductible !
Without this incentive, they would probably keep their cash for them... |
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This would be a very nice thing if the millionaires will come ahead and donate some of their highly
accumulated money to charity. I am not at all dead against the millionaires having and spending
their money by their own choice, but I am just trying to say that it would affect a least in their
account if they donate some money to the charity. There are lots of people dying every now and then
for the lack of money rather food, shelter or proper medical aid. What I am trying to make a point
that the sea does not get affected if we take some water from it and give it to the person who needs
it. Unbalanced distribution of money would lead to a complicacy in economical structure. The
Government should make some positive moves in order to give those under-privileged people a proper
aid. |
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I believe that there shouldn’t be any accumulation of wealth in a state or a country. In this way
a country’s economy cannot grow and stop reaching up to the required level. When we look at a
millionaire moving around in a society with pride and elegance, we definitely feel proud on a state
that is bringing its citizens to this remarkable status. But there is always discontentment in our
hearts when we watch people of the same state dying with hunger or getting frustrated due to
economic problems. It is the duty of a government to take care of all its citizens no matter what
their status is.
Accumulation of money should be prevented in order to get higher growth rate in an economy. This can
only be done if millionaires play their role being the responsible citizens of a state. They should
contribute towards societal economic as well as social benefits. But in case people do not feel
their responsibility and keep on considering their self interests only then a state has a right to
fix a certain amount to get contribution from those whose per month or per Annam income exceed from
a certain limit. No doubt, taxes are taken up from citizen, are used by the government for the
welfare of a state. But this small contribution from millionaires will be a great addition into that
welfare. This small contribution will not affect the grand luxurious life of the millionaires but it
will certainly be a blessing for poor people. |
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It would be a good idea if millionaires had to give some of their money to charity.
I'm not sure how it could be done though as even millionaires have rights to spend as they want
to.
Perhaps some of the taxes they pay could be donated to charity and they could elect which charities
to donate it too?
The idea of putting money from inheritance tax into charity is a good one too.
There's too much misspending on things that aren't necessary when millions of people are dying
through lack of food and shelter and medical aid. This seems so unfair when some people can waste
money on trivial things like fashion and designer goods. Yes we do need to do something to correct
the unbalance.
Unequal distribution of wealth can lead to conflicts in society between the haves and have nots and
these problems don't go away even in the so called 'advanced' western world where there are many
people still living in poverty too as well as in less developed nations.
On problem would be how to force the wealthy in dictatorships and undemocratic societies to
subscribe to this. |
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Yes. I believe that people who are wealthy should be required by law to donate a designated percent
to charity. They have a lot of money and most of the time, they spend it on things that they really
do not need. So, if they can buy overpriced items, then why can't they help someone in need? I
strongly believe that if a person has one million dollar or more (regardless of rather they earned
it, won it, or inherited it), should be required to donate at least 10% to a charity of their
choice. This type of law may be a big help to many charities who are really in need. |
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Na, i have 34 million in the bank and i didnt give a single dime to anyone. I work hard for my money
so i have the right to do what i want with it. When i was poor as a child no one gave anything to
me. Now i am working for microsoft making 5 million per year after taxes. Hard work equals succes
not giving. Those charities need to do voluntering to get some money |
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Tax payed is proportionate to income, so they're doing their part. Despite what idealists say, no
one really has any responsibility for people they'll never even meet. |
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Why should they? They earned their money they should be able to use it however they like. These
kinds of requirements would be just another way to take away our rights. Do you really think that is
such a great idea? I would be really ticked off if someone told me how I had to spend my money. |
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Very bad idea. You should NEVER tell someone what they must do with the money they earn. |
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In order for the American economy to survive we must do the following:
1) Immediately eliminate income tax and establish a fair tax on spent income. Collect a fair tax at
the point of consumer consumption.
2) Dismantle the IRS and let the Treasury handle the tax duties and revenue from the new fair
tax.
3) Abolish any and all capital gains tax and death taxes. Stop punishing families for being
successful.
4) Privatize health care and education to make it price competitive.
5) Abolish the Social Security system and let Americans be free to invest or not invest for their
future.
6) Aggressively cut useless government programs.
7) Reform the welfare program. If you want to help with illegal immigration, then stop paying lazy
Americans not to work. Make it hard to steal from the government. |
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You can't make me share!!!!! |
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First of all, that's completely against the constitution.Second of all, people who are millionaires
probably got there by not giving to charity and saving. |
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They earned their money fair and square right so why should there be any sort of requirement. It
would be nice if they or their own free will did give more money but no way should they be forced. |
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No. You give more. Stop trying to justify stealing from other people. |
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It would be nice but that's there money not the governments that's why we pay taxes to supply those
people. |
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It is no one business how much money one makes, or what they choose to do with it. Why do the rich
need to feel guilty for making money? Believe me the government gets it's share |
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The more money you make the more money you pay in taxes so the rich already contribute more money to
try to force them to pay more would be the same as saying be stupid don't try because you are not
going to be allowed to get ahead in life. |
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I think that they should not be required to donate a certain amount to charity. I mean they somehow
earned or won the money... So they should be able to spend their money any way they want to. It is
their money...not the Charity's...In other words the charity didn't earn it or win it. Although I
think that IT would be best to donate money to charity. But it should NOT be required! |
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That goes against capitalism and is downright unAmerican. |
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No! They earn the money, why should they be forced to give it away if they worked hard for it.
Charity is something that you do willingly. |
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As ideal as this sounds, millionaires would simply emigrate to other countries like the US where
taxes are much lower. |
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Charity is not an obligation nor is it a right. Charity is a gift and should be appreciated and not
expected, when it becomes an obligation it is nothing more then another tax. |
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Donating to anything must be optional for everyone. Forcing millionaires/billionaires to
donate but not forcing everyone is a form of discrimination. |
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No we should not be required to. I take it required means forced to.
I would be happy to bet that most of us do anyway. The Mr Burns character is not really a fair
reflection of most millionaires. I base that on the dozen or so I know or have known.
Besides they pay more tax than anyone else anyway.
Ps. I not really a millionaire, I was just in fantasy land for a moment. |
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Just because they did the work to earn the money that others don't have doesn't mean that have to
give it away. It is their money. |
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Stop creating more laws that are unconstitutional. A millionaire is a person and every person has
the right to life liberty and the pursuit of happiness. The government has no authority to force
it's people to give money to charity. |
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Not the people who have the millions made it themselves |
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While I do not think that millionaires should be required by law to donate to a charity, because it
is their money, I do not think it is fair that they are taxed just as much as the people below the
poverty level. I don't think it would do them much harm if their taxes were raised slightly and the
taxes on the poor were lowered. Otherwise, you've got a static society where the rich get richer and
the poor get poorer, and eventually the middle class dies. |
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The millionaires earned the money through hard work, and should therefore not be required to give it
up without their consent. If they choose to donate, as many do, then they are free to. But we hold
no right to steal from the rich and give to the poor ;) |
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I agree with these people because its their money and they earned it |
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No, they shouldn't. It is their money and therefore it should be their decision as to what they do
with it. I actually think that donations to charity should be made out of choice, because then it
comes from the person properly.
It would be such a shame to see someone begrudgingly donating their money to charity rather than
willingly. I believe donations should come from the heart, as it expresses genuine concern and a
genuine willingness to help.
Personally, if I was a millionaire, I would certainly donate my money to charity, but that is my
choice and I believe that other people's decisions should be respected. |
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This is the most communistic debate I have seen on this website!!! There is no way that we have the
right to tell people how they should be able to spend the money that they earn. Who are you to tell
me who I should give my money to and what I should spend it on. What charities would you focus on?
How much money would you steal from the evil millionaires to give to charities? What happens if the
millionaire disagrees with a certain charity that you are going to delegate the money be spent to?
This is absolutely absurd. Even the stances against it are weak. Stand up people and realize that
thoughts like this, when followed to there logical endings will be nothing less than a select group
of people telling ecveryone else how to live, where to spend their money, and who deserves to live.
There will be people that will die because of thinking like this. Finally if the free market is not
allowed to run its course, the wrong charities will receive the bulk of the stolen money and the
people who really need the money will not get it because the charity that would have paid for those
people gets no money. There is no reason that we should ever tell people how they should spend
their money. If they want to spend it on themselves, more power to them. You go out and donate
money to all the charities that you think need money and I will donate to the charities that I think
need money. That is what is right and just. |
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There seems to be a trend starting of wealthy people getting involved in charitable activities
anyway, look at Bill Gates and Warren Buffet for example. Positive encouragement is better than hard
and fast rules in my opinion as people with extreme wealth can find ways to around tax rules and so
one. For example if the USA introduced this law then the wealthy would simply move there money
overseas. |
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The Fair Tax Would Solve This Problem/Issue |
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We already have a mechanism like that. It's called taxation. The government takes money from
millionaires and can spend it on whatever causes it likes, worthy or otherwise.
Forcing people to spend part of their money just seems inappropriate to me in a free society. It
would be better to argue for raising the tax rate applied to the very rich. That would have a
similar effect, without seeming like gross and unwarranted interference by a government in the lives
of its citizens.
You quote a million dollars as the threshold figure for action. A million dollars isn't really that
much any more. In many areas, that's no more than the cost of the average home. Are you going to do
the calculations based on cash they have in the bank, their total asset value or what? It just seems
unworkable to me. |
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It would be against the rights of personal choice to force wealthy people to donate to charity.
Regardless of whether or not wealth is earned or inherited the wealthy still have the right to do
what they want with their fortunes, unfair as it is.
Many wealthy people do contribute to charity and do this with no publicity so it's difficult to
gauge the percentage of their contributions.
One way of getting round this could be to put pressure on the government to divert a percentage of
inheritance tax to charities and this would be an indirect way of ensuring that anyone with over a
certain amount of money was contributing to charity.
I agree that the many rich people squander money and this is dreadful when there's so much poverty
in the world but it's difficult to see how they can be forced to donate money when they choose not
too.
Whilst agreeing with the debate in theory I don't think that in practice it could be done. |
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10 Jan 2008 01:04
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