Bill Gates calls for higher taxes on the rich [View all]

[brooklynite]

Source: Politico

Bill Gates, who routinely ranks as one of the world’s wealthiest people, is echoing Democrats’ calls for higher taxes on the rich.

Pointing to growing income inequality as well as mounting government red ink, the Microsoft co-founder and philanthropist cites a litany of ways the rich ought to be paying more.

He endorsed a type of wealth tax, saying he favors “taxing large fortunes that have been held for a long time (say, ten years or more).”

“Very wealthy people often have large investments they’ve held for long periods, and if those investments aren’t sold or traded, that money is never taxed,” Gates said in a blog post. "That doesn’t make sense.”

Read more: https://www.politico.com/news/2020/01/02/bill-gates-higher-taxes-rich-092783

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But he's a billionaire, so we can still hate him, right?