"I doubt the U.S. will do a wealth tax, but I wouldn't be against it," Gates"If society got behind a wealth tax, yes, you can raise money that way," he told Bloomberg. "Not many countries do it.
In fact, Europe has less today than it had before, partly because if you're a small country, the issue of people leaving, changing their residence, is a fairly big issue." Take Democratic presidential candidate Sen. Elizabeth Warren's proposed wealth tax for example. Warren's plan includes a 2% annual tax on those worth more than $50 million. For billionaires, there would instead be a 3% annual tax.
MakeIt Lol he’s worth a billion dollars... so excuse me if I don’t agree with him
MakeIt Go back to the tax rates of the 60's, before the 1% started buying politicians and writing tax law. Inequality
MakeIt Why doesn't he just voluntarily pay more taxes or stop deducting his charitable contributions?
MakeIt Wealth taxation is a Zombie idea.
MakeIt “Im not against massive tax reform now that Ive made my fortune.” No thanks. Why are we taking tax advice from the richest people alive?
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