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.
Just so long as it doesn’t reduce their personal wealth, they’re all for ‘paying more taxes’ as long as they can use the loophole of ‘I created a charity in order to avoid paying my fair share of taxes’.
They might realize that increasing wealth inequality might not be good for them either on the long term. They are so rich that losing 99% of their wealth doesn’t have any real impact on their day to day life anyway.