* Bill Gates like philanthropy: Taxes always would be way higher than the sum of all philanthropy. All of philanthropy in the US was $400 billion last year. Trump's tax cut for the rich was $1.5 trillion. Only the last tax cut.
* Taxes are spent democratically, which, in a Democracy, is always preferable to a single rich person following his/her personal agenda, because that, by definition, is not democratic.
* JP Morgan et al. are indeed getting welfare from taxpayers: https://www.washingtonpost.com/business/2019/10/08/first-tim... If the person fixing your toilet pays more in taxes than a person like Bill Gates, what else would you call that but welfare for the rich?