Wealth, Taxes, Bernie Sanders, Elizabeth Warren, Bernie Sanders, Elizabeth Warren, Bill Gates, Entrepreneurship

Wealth, Taxes

Bill Gates 'wouldn't be against a wealth tax' — here's how it could affect his fortune

Bill Gates says he 'wouldn't be against a wealth tax' — here's how it could affect his fortune. (via @CNBCMakeIt)

22.9.2019

Bill Gates says he 'wouldn't be against a wealth tax' — here's how it could affect his fortune. (via CNBCMakeIt)

Despite being the world's second richest man, Bill Gates has been a frequent supporter of higher taxes on America's most wealthy. Democratic presidential candidates Elizabeth Warren and Bernie Sanders have introduced tax plans directed at America's richest, including Gates.

"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." (In 1990, a dozen European countries had a wealth tax, including France and Sweden. Today

A wealth tax could have a huge impact on Gates' fortune.

Read more: CNBC

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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