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Bill Gates Endorses Raising Taxes On The Rich: ‘That’s Just Justice’
MediaIte ^ | 01/26/2012 | James Crugnale

Posted on 01/26/2012 7:21:38 AM PST by SeekAndFind

by James Crugnale | 7:22 pm, January 25th, 2012
» 52 comments

On the heels of President Obama‘s State of the Union address, where he called for the “Buffett Rule”: a requirement that millionaires pay at least 30% of their income in taxes, the richest man in America, Bill Gates, weighed in on solutions to the country’s economic problems. “The United States has a huge budget deficit, so taxes are going to have to go up,” Gates told the BBC. “And I certainly agree that they should go up more on the rich than everyone else. That’s just justice.”

RELATED: Buffett Rule? NY Times Report Suggests Obama Plan To Ask More Of American Millionaires

“Is that a message you think that works with other people as wealthy as yourself, or is it just a small circle of friends — yourself, Warren Buffet, a few others,” the interviewer asked Gates.

“Well, I hope we can solve that deficit problem with a sense of shared sacrifice — where everybody would feel like they’re doing their part,” Gates replied. “And right now, I don’t feel like people like myself are paying as much as we should.”

Watch below via ThinkProgress:

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TOPICS: Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: billgates; rich; tax; taxes
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1 posted on 01/26/2012 7:21:42 AM PST by SeekAndFind
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To: SeekAndFind

TGhis is not unusual. The rich often favor raising taxes. It tends to keep the competition from rising.


2 posted on 01/26/2012 7:23:55 AM PST by Daveinyork
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To: Daveinyork

money quote!!


3 posted on 01/26/2012 7:24:30 AM PST by raygunfan
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To: Daveinyork

RE: The rich often favor raising taxes. It tends to keep the competition from rising.

If Bill believes that the government is a better steward at spending the money of privates citizens to “help” those who are in need, I suggest he outsource the management and money of the Bill and Melinda Gates foundation to Uncle Sam.


4 posted on 01/26/2012 7:27:35 AM PST by SeekAndFind
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To: SeekAndFind

Who is Bill Gates/

Was he the houseboy for Steve Jobs?


5 posted on 01/26/2012 7:27:57 AM PST by Da Coyote
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To: SeekAndFind
Bill, show us the cancelled checks from the donations you made to the federal government to make up for the extra taxes you think you should had paid.

:::crickets:::

6 posted on 01/26/2012 7:28:28 AM PST by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: SeekAndFind
I think Gates, Buffet, Clinton and all their Hollywood friends should stand up tall an start donating all they can. They should publish what they give by a percentage of their wealth or income and make a well publicized issue of who "outgives" the others.

I'd like to see the loud mouths have some good old American competition. I'd like to see Tom Hanks, Babs Streisand and Sandra Bullock step up and hand their great big facsimile checks for $20 or $30 MILLION to the government.

7 posted on 01/26/2012 7:28:40 AM PST by Baynative (The penalty for not participating in politics is you will be governed by your inferiors.)
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To: Daveinyork

“This is not unusual. The rich often favor raising taxes. It tends to keep the competition from rising.”

And we all know that Microsoft just loves competition! /sarc


8 posted on 01/26/2012 7:30:02 AM PST by ari-freedom (If SOPA/PIPA passes, we will lose our Free Republic.)
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To: SeekAndFind
“The United States has a huge budget deficit, so taxes are going to have to go up, spending will have to go down”

All fixed! I am now demonstrably more intelligent than Bill Gates, although he has a bit more money.

9 posted on 01/26/2012 7:30:16 AM PST by TruthShallSetYouFree (How bad would an Obama II administration be, without the constraints of re-election?)
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To: Baynative

If Gates really meant that he would donate ALL of his money to either the government or the “poor.” And by that I mean every cent. They didn’t steal the idea from Steve Jobs. Let the
Gates progeny find some smart person’s idea to copy.


10 posted on 01/26/2012 7:30:59 AM PST by Josa
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To: SeekAndFind

Hey, Bill. How about every time a new version of Windows gets created, you give it away to anyone who has already bought one of the old versions. Now that sounds like justice to me...


11 posted on 01/26/2012 7:30:59 AM PST by LRS ("This is silly! It can't be! It can't be!!" "Oh yes it is! I said you wouldn't know the joint.")
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To: SeekAndFind

As with his wealthy colleagues, Gates is being disingenuous. He knows that the tax on the wealthy can go up to 100%, and he’ll still pay next to nothing. Like Buffet, he will simply find ways to hide his income and protect it from government vultures.

Plus, he knows that the 30% tax on the wealthy is just a gambit on the Obamunists part to eventually apply the same 30% requisite on every working American. It’s just their way of getting the camel’s nose in under the tent.

Keep in mind, the real dream of Barack Obama’s drunken father was a 100% tax on all working Kenyans. And that is the son’s ultimate goal for all Americans.


12 posted on 01/26/2012 7:31:11 AM PST by hampdenkid
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To: Baynative

“I’d like to see Tom Hanks, Babs Streisand and Sandra Bullock step up and hand their great big facsimile checks for $20 or $30 MILLION to the government. “

I think they’re donating to help get sopa/pipa passed


13 posted on 01/26/2012 7:31:33 AM PST by ari-freedom (If SOPA/PIPA passes, we will lose our Free Republic.)
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To: SeekAndFind

“Rich” is subjective.


14 posted on 01/26/2012 7:31:54 AM PST by ILS21R (Never give up.)
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To: SeekAndFind

I think its just peachy that people get so open minded about taxes after they make their first $20 Billion or so.


15 posted on 01/26/2012 7:32:10 AM PST by rbg81
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To: SeekAndFind

Bill gates is best buds with Buffett. Therefore, it is not surprising that they would be of the same mind. They just act separately to amplify their perceived power, so that in people’s minds, two billionaires seemingly independently coming out in favor of raising taxes on the rich appears to be more representative of all the rich rather than just two friends coming out for it together.
The only way to stand up to that bit of propaganda is for hundreds of rich people to stand up and defend themselves. The Obamas understand that it would be difficult for them to do so against the tide of the big media.


16 posted on 01/26/2012 7:32:49 AM PST by winner3000 (ss)
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To: SeekAndFind

Bill gates is best buds with Buffett. Therefore, it is not surprising that they would be of the same mind. They just act separately to amplify their perceived power, so that in people’s minds, two billionaires seemingly independently coming out in favor of raising taxes on the rich appears to be more representative of all the rich rather than just two friends coming out for it together.
The only way to stand up to that bit of propaganda is for hundreds of rich people to stand up and defend themselves. The Obamas understand that it would be difficult for them to do so against the tide of the big media.


17 posted on 01/26/2012 7:33:19 AM PST by winner3000 (ss)
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To: SeekAndFind

Bill gates is best buds with Buffett. Therefore, it is not surprising that they would be of the same mind. They just act separately to amplify their perceived power, so that in people’s minds, two billionaires seemingly independently coming out in favor of raising taxes on the rich appears to be more representative of all the rich rather than just two friends coming out for it together.
The only way to stand up to that bit of propaganda is for hundreds of rich people to stand up and defend themselves. The Obamas understand that it would be difficult for them to do so against the tide of the big media.


18 posted on 01/26/2012 7:33:29 AM PST by winner3000 (ss)
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To: SeekAndFind

That’s just great, Bill Gates—keeping the poor poor through dependence, while supporting a system allowing ultra wealthy liberals to hide their money so they don’t pay taxes.


19 posted on 01/26/2012 7:34:12 AM PST by reasonisfaith (Or, more accurately---reason serves faith. See W.L. Craig, and many others.)
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To: SeekAndFind
“The United States has a huge budget deficit, so taxes are going to have to go up,” Gates told the BBC.

Typical Microsoft solution. There is another option, one that is better for everyone in the country, but it hasn't crossed his mind. The correct answer to the huge budget deficit is to cut spending. It's not that difficult to understand. If you're spending more than you make, you need to spend less. I would cut spending by $400B a year in real dollars until the budget is balanced, and the only reason I wouldn't do it all at once is to spread out the economic shock of moving toward a "sustainable" level of government spending. [Note: liberals like the word "sustainable", and I hope fiscal conservatives will start using it often.]

20 posted on 01/26/2012 7:34:49 AM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: SeekAndFind

Open letter to Bill Gates:

FUBG

Bill, you start first ! Since you believe the gov’t knows how to spend our earnings better than we do, why don’t you step up to the plate and turn over ALL of your fortune to the gov’t. Be an example !


21 posted on 01/26/2012 7:35:23 AM PST by CORedneck
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To: SeekAndFind

I am so sick and tired of these Democrat billionaires being hypocrites (they know that most of their revenue is either capital gains, or sheltered in municipal bonds), that I wish a Republican would take them up on their challenge and agree to tax them...but instead of taxing their revenue, tax their wealth. The tax would only apply to billionaires. The tax would apply every year until they are no longer billionaires. That should shut them up nicely!


22 posted on 01/26/2012 7:36:10 AM PST by winner3000 (ss)
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To: SeekAndFind
Rush talked about this yesterday...said wealthy people pretend to be Liberals because it keeps people off their backs for being wealthy...don't have to apologize.

How many wealthy Dems are criticized like Romney has been for being wealthy. Romney has acted like he is embarrassed by it.

If the peasants think it so horrible to be wealthy, why do they line up by the thousands to win the lottery?

They don't have an aversion to wealth...they have an aversion to the work required to become wealthy.

23 posted on 01/26/2012 7:36:10 AM PST by lonestar (It takes a village of idiots to elect a village idiot.)
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To: SeekAndFind

I am so sick and tired of these Democrat billionaires being hypocrites (they know that most of their revenue is either capital gains, or sheltered in municipal bonds), that I wish a Republican would take them up on their challenge and agree to tax them...but instead of taxing their revenue, tax their wealth. The tax would only apply to billionaires. The tax would apply every year until they are no longer billionaires. That should shut them up nicely!


24 posted on 01/26/2012 7:36:22 AM PST by winner3000 (ss)
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To: SeekAndFind
He just put a Subway in his million square foot house, sarc.
25 posted on 01/26/2012 7:39:29 AM PST by boomop1 (term limits is the only way to save this country.)
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To: lonestar

— If the peasants think it so horrible to be wealthy, why do they line up by the thousands to win the lottery?
They don’t have an aversion to wealth...they have an aversion to the work required to become wealthy.—

LOL, so true.


26 posted on 01/26/2012 7:39:29 AM PST by St_Thomas_Aquinas
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To: SeekAndFind

What’s driving him I do not know. He is able to do math a whole lot better than that. He knows even if you taxed the rich 100% we could not make the budget balanced.


27 posted on 01/26/2012 7:40:12 AM PST by CodeToad (NO TAXATION WITHOUT REPRESENTATION!!!)
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To: SeekAndFind

If Bill gates really believes that then he does not believe in prosperity and he does not believe in equality, and is no different from the slave owners who believed they had a right to make sure the good workers had the same benefits as the ones who just did what they had to do.

I believe what Bill Gates has in mind is to protect his fortune from a Government that is fast becoming a socialist dictatorship.
.


28 posted on 01/26/2012 7:40:42 AM PST by ravenwolf (reIf you believe that Nero was the anti-Christ, and among othJust a bit of the long list of proofsre)
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To: SeekAndFind

Every one of these self-justifying B*st**rds takes full advantage of the opportunities provided by a free market to reach the top. THEN they cut off the rungs behind them will righteous sounding hypocrisy.

OBVIOUSLY, wealth one already possesses is NOT INCOME - it is in the form of ASSETS, which are not commonly (other than real property) taxed. IF GATES & BUFFET are so concerned about SOCIAL JUSTICE; then they should tax the NET WORTH of the rich - not the income of those trying to become rich.

All they are advocating is preservation of the status quo.


29 posted on 01/26/2012 7:41:44 AM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: SeekAndFind

Let us not forget that Mr. Gates has famously arranged his assets in the form of a TAX EXEMPT foundation and has convinced Warren Buffet to also contribute some of his assets as well. So, both of these people are liberal hypocrites.

More importantly, they may be brilliant in their own fields but they are grossly ignorant of how big and Bigger government destroys both liberty and prosperity. It is important that we starve the Leviathan state rather than to feed it more.


30 posted on 01/26/2012 7:45:26 AM PST by theBuckwheat
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To: SeekAndFind

Is Gates also referring to all the wealth he has hidden away in Swiss bank accounts?


31 posted on 01/26/2012 8:07:28 AM PST by crosshairs (Liberalism is to truth, what east is to west.)
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To: SeekAndFind
1) What exactly is preventing Gates from voluntarily paying more to the Government?

2) When will Gates turn over to the Government all the monies he gives in donation, since he obviously has the belief that the Government would be better at putting that money to good use as opposed to those he currently donates to?

32 posted on 01/26/2012 8:20:08 AM PST by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: crosshairs

RE: Is Gates also referring to all the wealth he has hidden away in Swiss bank accounts?

I don’t think a man as smart as Gates does not know that Swiss Bank accounts are NOT secret anymore.

The IRS and the US government have bullied the Swiss into revealing ALL account holders in their banks and the Swiss, after many years of bravely resisting, surprisingly capitulated in 2009.

If you want a secret foreign account and don’t want it to be revealed to Uncle Sam, DON’T GO TO SWITZERLAND.


33 posted on 01/26/2012 8:24:36 AM PST by SeekAndFind
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To: lonestar
If the peasants think it so horrible to be wealthy, why do they line up by the thousands to win the lottery?

A bigger question is, if WE peasants think it is horrible to be rich, then why do WE keep voting into office people who are rich? What percentage of Congress are millionaires? The data indicates it is around 47%. The liberal ideology, thus, should suggest that WE the peasants would not want to be ruled by those who WE see as being the enemy.

34 posted on 01/26/2012 8:26:33 AM PST by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: SeekAndFind

The “secret” of being a member of the superwealthy, and not having to pay exhorbinent taxes, is to not receive any income. I say that Bill Gates, Warren Buffet, George Soros, and others, should be made to release all their financial information so that we can have a truer picture of what really goes on at that level.


35 posted on 01/26/2012 8:30:03 AM PST by SoldierDad (Proud dad of an Army Soldier who has survived 24 months of Combat deployment.)
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To: Daveinyork
There are several reasons for the really really rich to be liberals.

Your reason is one of them - they like to be in their exclusive club without any "upstarts" horning in. They also know that higher taxes really won't affect themselves at all. There is no way to really tax the wealthy if they don't want to be.

Rush said yesterday that it was to keep the peasants with pitchforks away from their doors. Here's an article that goes into the "fear of envy" that liberals have as well:
The Secret to the Suicidal Liberal Mind

36 posted on 01/26/2012 8:35:23 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: SeekAndFind

Rush explained this yeaterday.
When zillionaires make assinine statements about wanting their taxes raised so they can flush more money down the government toilet, it’s only to keep the liberals off their backs. Believe me, Gates is not the pathetic simpleton he sounds like.


37 posted on 01/26/2012 8:40:32 AM PST by Lancey Howard
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To: SeekAndFind
Bill Gates has every legal right in the world to stop taking deductions on his tax returns or just sign a check to the IRS for the amount he feels he owes.
38 posted on 01/26/2012 8:52:55 AM PST by tobyhill (Obama, The Biggest Thief In American History)
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To: MrB

I maintain that the House should craft a bill that specifically NAMES Gates, Buffett, and every other rich moron who CLAIMS to want their taxes raised (and there are signed petitions and websites all over the place where hundreds of names are available), and do exactly what it is they are asking for - - raise their tax rates.

Meanwhile, leave everybody else alone. (How rude and selfish is it for Gates and Buffett and the rest of that big mouth crowd to promote more government confiscation from OTHER people, people those punks don’t even know? /headshake)


39 posted on 01/26/2012 8:55:10 AM PST by Lancey Howard
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To: SeekAndFind
OK, I think his software sucks, but that is my issue.

With all that brain power to build MS into a successful brand and a standard platform ( even though they were predators in making it happen ) their is a disconnect ( ignorance ) of "Social Justice" and it's ties to esentially Socialism.

Why are so many brilliant men like Gates otherwise fools?

FWIW, I don't "envy" these men, I think Gates, Trump, Jobs and Buffett (especially) and most of all Jack Welch are highly overrated. And they think Newt is flawed? LOL !

40 posted on 01/26/2012 9:05:44 AM PST by taildragger (( Palin / Mulally 2012 ))
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To: Lancey Howard

That wouldn’t be constitutional, but I like your thinking.

Do a “net worth” tax on anyone calling for higher taxes.

Want higher taxes? Fine, write a check for 10% of what you’re worth.


41 posted on 01/26/2012 9:12:02 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: MrB
That wouldn’t be constitutional

LOL!
Since when has that crumbling old parchment, that "living document", stood in government's way? I'm pretty certain those sneaky scumbags in Washington DC could figure something out..

I like your idea - - plenty of tax bills contain specifically named corporations and even some individuals deep in the verbiage of their "write-ups". Raise tax rates for EVERYBODY and then exclude everybody EXCEPT the named "generous" billionaires from having to pay the higher rate. Maybe that would skirt the Constitution sufficiently. Or, craft a tax bill that has the rate those big mouth billionaires want, but make it voluntary. See who pays.

42 posted on 01/26/2012 9:24:10 AM PST by Lancey Howard
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To: SeekAndFind

Everyone can see how much Obama and the libs hate big business and the rich. As far as I am concerned they deserve everything he is throwing at them. After all if they would stop pouring money into his coffers he would die on the vine. They going to keep supporting zero with money they can just suck it up.


43 posted on 01/26/2012 9:24:15 AM PST by Americanexpat (Everytime I see that guy's face ot)
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To: SeekAndFind
And right now, I don’t feel like people like myself are paying as much as we should.”

Stop thinking like a libtard, Bill. Your feelings of guilt is not a rational justification for the initiation of force and violation of natural rights by the expropriation of property.

And higher taxes is destructive to the economy as a whole in the long run because it is an assault on savings which has a negative effect on the standard of living of the average worker and on the unemployment rate. The series of tendencies is: higher taxes leads to less savings which leads to less investment which leads to less capital accumulation which leads to less production which leads to less supply which leads to higher prices which leads to less real wage rates for the average worker which means lower average standard of living.

Less investment and capital accumulation also leads to less demand for labor which means both less money wage rates of the average worker and less decrease in the unemployment rate.

44 posted on 01/26/2012 9:35:00 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: SeekAndFind

Yes, we should create a special wealth tax rate for Gates, Buffet and his billionaire Leftist friends.
These hypocrites are always trying to divert attention away from themselves and place it on the sucessful small businessman next door. The uber rich Leftists avoid taxes by structuring their assets as investment income or in overseas business holdings. They also benefit by squashing potential upstart competitors or buying out potential competitors on the cheap. That’s Buffett’s and Google’s model.
Too bad that the Leftist drones have no clue that the big corporate Leftists are all about consolidating money and power by raising taxes on their smaller business competitors.


45 posted on 01/26/2012 9:50:46 AM PST by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: grumpygresh

RE: Yes, we should create a special wealth tax rate for Gates, Buffet and his billionaire Leftist friends.

________________

Hey, if they did that, the Waltons of Wal-Mart and the Koch brothers get punished too.


46 posted on 01/26/2012 9:58:24 AM PST by SeekAndFind
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To: taildragger

RE: OK, I think his software sucks, but that is my issue.

Bill Gates has not been with Microsoft since 2006.

If you still dislike their software, Steve Ballmer is the man to blame.


47 posted on 01/26/2012 10:03:36 AM PST by SeekAndFind
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To: SeekAndFind
‘That’s Just Justice’

Only if you ignore the "impartial" aspect of "justice".
48 posted on 01/26/2012 10:07:16 AM PST by Sopater (...where the Spirit of the Lord is, there is liberty. - 2 COR 3:17b)
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To: SeekAndFind

Take that, all you Bing fans!


49 posted on 01/26/2012 10:09:57 AM PST by cynwoody
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To: MrB

Gates actually has another motivation to embrace liberal positions - to keep the government off his back. Once burned, twice shy.


50 posted on 01/26/2012 11:30:06 AM PST by Daveinyork
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