People who want to go after billionaires for taxes should be tackling non-profit charity donations. At this point I am not sure non-profits should get such liberal tax status and that includes churches, NGOs, and billionaire charities.
The only thing the con got going for it self is a demonstration of government corruption.
Really, they should be tackling capital income. But it wouldn’t hurt to also tackle charity donations.
In some cases these are write offs with no personal benefit but in some they are just shifting the money to a place where the user still has complete control. I am ok with throwing the baby out with the bath water here. I want churches, billionaires, school endowments, and everyone else to pay taxes like everyone else.