Bill Gates wants ultra-wealthy individuals to pay more tax — and now a growing chorus of billionaires agree.
In his annual “Ask Me Anything” forum on Reddit last year, the Microsoft cofounder said he was “surprised” that taxes for the rich haven’t been increased more.
Gates doubled down on his calls to tax the rich in a panel at the World Economic Forum in Davos this week. He said the wealthiest nations should donate more money to developing countries to help redress inequality.
“Those who have the most — whether it’s countries, companies, or individuals — should be pushed to be more generous,” he said.
It seems others agree, as more than 250 ultra-wealthy people signed an open letter calling for global leaders to impose a wealth tax.
You give a contribution to the Treasury Department under their Gifts to Reduce Debt Held by the Public program. In 2022, this amounted to just $180,310.32.
While you can argue that “that isn’t taxes though!”, it is essentially accomplishing the same thing but obviously not taxes because a donation isn’t a ‘tax’. With ~$180,000 from 2022, it is clear this is more bullshit than meaningful intent.
Well it isn’t the same thing and not what my point is, but good to know. I appreciate the comment. However I was asking what the mechanism in paying taxes was to pay more. This is not that.