Dylan Matthews just posted a Vox article "If you’re such an effective altruist, how come you’re so rich?" which addresses critics of effective altruism's billionaires.
My TL;DR
- A lot of recent criticism of EA seems to come from the fact that it has a couple of billionaires now as supporters
- These billionaires however are some of the biggest donors to US candidates that would increase taxes on them
- Open support for raising taxes, e.g. Moskovitz tweeted the other day: "I’m for raising taxes and help elect Dems to do it"
- The broader EA community skews heavily left-of-center (typically supportive of higher taxes and social welfare)
- Effective altruism was founded explicitly on voluntary redistribution of income from people in high-income countries to low-income countries (e.g. Giving What We Can) and most of the communities founders give a significant portion of their incomes
- Given that the billionaires do exist, what else would you rather they spend money on?
That's just my TL;DR – feel free to put in your own summaries, comments and critiques below.
Not a tax attorney or even an interested amateur, but my guess is that unless he renounces citizenship, he still needs to pay American personal income taxes and American capital gains taxes. America has one of the most restrictive taxation system for expats in the entire world.
However, FTX likely does not need to pay US corporate taxes for their Bahamas branch (but they probably do need to pay US corporate taxes for their FTX US branch).