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Jun 14, 2025 .

Why “Taxing Billionaires” Doesn’t Work — And What Really Helps

Why “Taxing Billionaires” Doesn’t Work — And What Really Helps

You’ve probably heard people yell, “Tax the rich!” or “Eat the billionaires!”

They say it’s the only way to fix problems like poverty, housing, or bad schools.

But the truth is — that idea doesn’t really work. And here’s why.


🧠 Most Billionaires Don’t Just Sit on Piles of Cash

A lot of people think rich folks have giant treasure chests full of money. But most of their wealth is in stocks, businesses, and real estate — not cash they can spend.

So when you say, “Take their money,” that actually means:

  • Forcing them to sell their companies
  • Making their workers lose jobs
  • Hurting retirement plans (because regular people invest in those companies too)

That’s not smart. That’s messy.


💼 Rich People Don’t Brag About Paying Taxes — And Neither Should You

Here’s a truth that surprises people:

Most rich people don’t illegally avoid taxes — they do it legally.

They use tax codes, business rules, and smart advisors to keep more of their money. And guess what? So can anyone who learns the rules.

They:

  • Set up LLCs or trusts
  • Invest in things that lower their taxes (like real estate or clean energy)
  • Donate to charities to reduce taxes and help others

If you’re not a celebrity or politician, you don’t have to post your tax bill online to “prove” you’re a good person. Most people don’t like paying taxes — and they aren’t wrong for that.

Even famous people feel it. Like when George Harrison of The Beatles wrote:

“Let me tell you how it will be…
There’s one for you, nineteen for me.”

— from the song “Taxman”

He was talking about the British government taking 95% of their income.

Nobody likes that — not even kind, creative people.


🧱 So… What Can We Actually Do to Help the Poor?

Instead of yelling at billionaires, let’s do something better. Let’s build, teach, and lead.


✅ 1. Build More Homes

We can:

  • Change city rules to allow more apartments
  • Support tiny home villages or modular housing
  • Fix up old buildings for people who need shelter

More homes = lower prices = fewer people on the street.


✅ 2. Teach People How to Win at Money

Don’t wait until college. Start in middle school.

Teach:

  • How to save and invest
  • How to start a business
  • How to build credit and avoid debt

Most rich people didn’t get there by accident — they learned how. We can too.


✅ 3. Focus on Builders, Not Blamers

Instead of blaming someone for being rich, we should ask:

  • Did they help others?
  • Did they create jobs or new ideas?
  • Can we learn from how they did it?

Celebrate builders, not just loud voices online who offer no solutions.


✅ 4. Change Unfair Rules — Not Just Slogans

Don’t get caught up in chanting. That’s easy.

It’s harder — but smarter — to:

  • End zoning laws that block affordable housing
  • Give tax breaks to regular people starting businesses, not just big firms
  • Support leaders who fix systems, not just blame people

✅ 5. Help Each Other Now

Start small:

  • Offer your skills to help a neighbor
  • Join a local group fixing real problems
  • Use social media to organize, not just argue

Change starts when we stop blaming and start building.


🧩 Final Thought:

“Tax the rich” might sound good in a tweet — but it doesn’t build houses, feed kids, or fix broken laws.

Instead of chasing billionaires with pitchforks, let’s:

  • Learn what they know
  • Use the system better
  • Help each other grow

You don’t need to be rich to be powerful. You just need to think differently.

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