A friend recently wrote to me in an e-mail:
I think if you make more than a million dollars per year you have plenty, so you need to give most of it back instead of spending in on yourself.
To clarify, by “you” he doesn’t mean me. He means “you” in general.
We haven’t yet discussed this further, but he gave me permission to post this. I disagree with him.
I think my first step in establishing a productive discussion here is to gain a better understanding of his position and underlying assumptions. I’ve come up with a set of questions to get that started.
1. By “you need to give most of it back”, do you think this should be enforced by government or is it just a personal preference that you would like see people do voluntarily?
2. Why is your threshold a million dollars? Why not $50,000, $100,000, $500,000 or $5 million?
3. Who should it be given back to?
I had one more question, but decided to leave it off for the first round because I think it’s more appropriate for the next round.
What questions would you suggest? Do you agree or disagree with my friend?