VIDEO ON MSN MONEY
Richard Hatch from Survivor fame was sentenced to jail for 51 months for failing to pay his taxes on $1mil. He served 3 years and nine months. Why wouldn't someone that hadn't paid on 24 mil (Ty Warner) get jail time? I bet this man has more that he has not paid taxes on, this is all they found. The little guy always gets it worse. Did any of these billionaire's get jail time?
Billionaires who got caught: see above.
Regardless of how the billions was earned; it shouldn't be any surprise that they have more ways of keeping their billions than a middle class wage earner has of keeping their pittance. Billionaires can afford accountants and lawyers and consultants to help them hide, stash, & manipulate assets so as to minimize their tax "burden". (I hardly consider their taxes to be a burden to them; since it obviously does NOT negatively impact their lives.... or they wouldn't still be billionaires)
I will say this; I do appreciate the few who at least attempt to share their wealth via philanthropic projects. It isn't something that they HAVE to do; they are doing it voluntarily (whether they do it for publicity or selfless reasons, does not matter at this point).
Still, the question remains; how do we reduce the ever-widening income disparity without implementing some sort of (which would undoubtedly be declared to be an act of socialism by some politicians) regulations or policies? Don't give me the crap about why should there be a fairer spread of wealth - on the argument that many people would just take and not earn or why should the rich provide for the poor - who have nothing to offer... Because it can be done; the problem is - some people don't want to have to earn their share because they think they are entitled... while others are stingy & selfish & don't give two craps about anyone else. Both extremes need to have attitude adjustments. Unfortunately; our self-important approach to social structure; has bred too many of both extremes - the "entitled" and the "stingy money hoarders".
If the income disparity keeps growing; we will end up with another revolution... as history repeats itself... again.
How muck frigg'in money does one man need?
There is way to much money in to few hands these days.
This is just proof that these people are mentally ill. They have more money than they can physically spend in a Life time. But are still compelled to cheat Lie and steal to get more. Scary People NO Mercy should be show.
likely will not be caught.
And I can almost guarantee you that they will never pay all that they owe.
No news here!
Billionaire's didn't get to be billionaire's based on innovation they did it by cheating!
Even Warren Buffet made a killing on inside information (google it),
A few like Jobs and Zukerberg were innovators, most of the others stole (see Gates, Bill Trump, D) to make their billions!
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