Does Invoice Gates, the sixth richest particular person on the earth with a web value of $163 billion, suppose he is too wealthy?
Gates prevented answering “sure” or “no” in a September episode of the Netflix sequence “What’s Subsequent? The Future with Invoice Gates.” As an alternative, he acknowledged that it was “form of wild” that billionaires even existed.
“It is an enormous quantity of wealth, which if you happen to even tried to eat it will be form of absurd,” he mentioned.
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On a podcast episode of On with Kara Swisher, which aired Monday, Gates specified that he would arrange a unique tax framework for the ultra-wealthy if he had been in control of tax insurance policies, and set the speed round 62%.
“I’d set tax charges fairly a bit increased for wealthy individuals,” he mentioned within the episode, titled ‘The right way to Tax the Wealthy, AI, Misinformation, & the Election.” He referenced Senator Bernie Sanders and acknowledged, “I’d not make it unlawful to be a billionaire. [Bernie Sanders] would take away over 99% of what I’ve. I’d take away 62% of what I’ve. In order that’s a distinction.”
Invoice Gates. Picture by Mike Lawrence/Getty Pictures
Gates is without doubt one of the co-founders of the Giving Pledge, a company began in 2010 to encourage billionaires to publicly decide to philanthropy. He has given away $77.6 billion to date by means of the Gates Basis.
His ex-wife, Melinda French Gates, left the Invoice & Melinda Gates Basis in Could and introduced that she can be giving $1 billion to organizations combating for girls’s rights.
