Bill Gates Not Opposed to Warren's Wealth Tax

[applegrove]

Bill Gates Not Opposed to Warren’s Wealth Tax

September 17, 2019 at 2:17 pm EDT By Taegan Goddard 23 Comments

https://politicalwire.com/2019/09/17/bill-gates-not-opposed-to-warrens-wealth-tax/

"SNIP.....

Bill Gates told Bloomberg that he “wouldn’t be against a wealth tax” like the one Sen. Elizabeth Warren (D-MA) is proposing, but he didn’t think it was realistic.

Said Gates: “I doubt, you know, the U.S. will do a wealth tax, but I wouldn’t be against it. The closest thing we have to it is the estate tax. And I’ve been a huge proponent that that should go back to the level of 55 percent that it was a few decades ago.”

.....SNIP"

[Sewa]

1. Taxing the wealthy's assets not just income

would be something I would support as long as the tax rate was small.