Posted on 10/31/2011 9:07:02 AM PDT by SeekAndFind
America's richest man isn't going to make President Obama, the folks in the Occupy Wall Street movement, or their respective supporters in the media happy.
Appearing on ABC's This Week Sunday, Bill Gates laughed when asked about the Buffett Rule saying, "You can't raise the taxes we need just by going after that one percent...to really deal with the deficit gap we're talking about, that alone just numerically is not going to be enough" (video follows with transcript):
CLICK ABOVE LINK FOR THE VIDEO
CHRISTIANE AMANPOUR, HOST: The Buffett Rule, for instance, and all the other proposals the president is making are being called class warfare by his opposition. Do you agree with the Buffett Rule? Do you support that?
BILL GATES: Well… (LAUGHTER)
AMANPOUR: Why is it funny?
GATES: Well, I just can't imagine the -- these millionaires and billionaires going down and -- barriciding (sic) the streets because they're going to have to pay four or five percent more in taxes. I mean it's going to be rough for them… There certainly is a case to be made that taxes should be more progressive. And, you know, that -- that's being debated by various people.
AMANPOUR: Do you support the Buffett Rule?
GATES: I'm not an expert on how we should do taxes. Clearly, you can't raise the taxes we need just by going after that one percent. Yes, I'm generally in favor of the idea that -- that the rich should pay somewhat more. But to really deal with the deficit gap we're talking about, that alone just numerically is not going to be enough.
maybe they should just tax our electric usage?
But the feds can't cut spending. Oh, no. That would be racist.
that’s a bloody rug on his head, isn’t it?
You can't raise "the taxes we need" by doubling the income tax on everyone in the country. That's like asking someone who eats 12,000 calories a day to lose weight by exercising more - walking back and forth to the fridge. The only solution is to cut spending. We need a massive spending cut, back to the rather extravagant budgets of the Clinton years would be sufficient. Raising taxes will not help because the far left will simply raise spending to match.
AMANPOUR: Why is it funny?
Gates: Because I am only a half a lib rather then a full blown nut bar lib...yuk yuk yuk.
say what you will about Gates, he clearly stayed awake in math class
He also understands that the “1%” have very little that would be classified as “income”.
RE: Gates: Because I am only a half a lib rather then a full blown nut bar lib...yuk yuk yuk.
Bill Gates Senior did not teach him well :)
Maybe they should stop spending what they are not given to govern with. Bouncing a check is illegal for everyone else!
There is not a lack of blood in congress, just a glut of vampires.
The 15 trillion dollar debt (just the tip of the debt obligation) is simply Cloward-Piven writ large.
They intend to use the debt to destroy America.
GO ahead & say it Bill - Its a scam on the middle class. When this administration talks about raising taxes on millionaires & billionaires they’re really talking about tens and hundred thousandaires.
Hey Gates,
How about instead we confiscate your NET WORTH and use it to hire hundreds of thousands of programmers to fix your buggy programs?
Might be a dead critter. You'd think with his money he could afford something more realistic.
Windows 7 is awesome, but I guess the old M$ $uX canard still plays to some crowds.
Bill Gates is NO LONGER running Microsoft. He hasn’t been for 5 years.
Take any technical complaints up with the other billionaire Steve Ballmer.
Screw these billionaires... institute a wealth tax on gates and buffett... give them more of what they want... less of their own crap!
LLS
Simple solution. Eliminate all deductions (mortgage, charitable, local taxes, etc) for incomes above $1millon and watch how much Bill Gates will have to pay. He will no longer be able to deduct the billions he gives to the Gates Foundation.
Screw these billionaires... institute a wealth tax on gates and buffett... give them more of what they want... less of their own crap!
Then, end the income tax.
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