Bill Gates, takes part in a panel discussion titled "Investing in African Prosperity" at the Milken Institute Global Conference in Beverly Hills, California May 1, 2013.Bill Gates, the world's second richest person under Amazon founder Jeff Bezos, wants rich people to pay higher taxes.
Gates is worth about $113 billion, making him the world's second richest person behind Jeff Bezos, according to Bloomberg's billionaires index. The US government needs to levy higher taxes to fulfill its obligations, as it collects about 20% of GDP in taxes, but spends about 24%. "That's the clearest evidence I've seen that the system isn't fair," Gates wrote. "I don't see any reason to favor wealth over work the way we do today."Estate taxes should be higher and inheritance loopholes should be closed. "A dynastic system where you can pass vast wealth along to your children is not good for anyone; the next generation doesn't end up with the same incentive to work hard and contribute to the economy," Gates said.
LOL, publicity stunt. 'Gates for 2024' I can see it coming.
I dunno why BillGates thinks he can speak for all of us 🤔
That's cool. How to make more rich people to get more higher taxes?
Why there has to be higher taxes if he is willing to pay more
Finally a tech executive who takes a realistic approach and has some common sense.
hblodget There goes that new eighth house for the New Year - the 1% just can’t get a brake.
Write the check. Be an example, a leader
Every billionaire should be encouraged to choose their own tax payment. Get them into a competition and they’ll all boost their payments to be best.
no one is stopping him
FlatTax
Easy to say when you have 100 b’s 😂😂