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.
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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.
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.
Is Gates also referring to all the wealth he has hidden away in Swiss bank accounts?
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?
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.
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 !
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.
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.
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.
Take that, all you Bing fans!
Give the socialist billionaires their tax, for goodness sakes. Tax billionaires into the back yard shed! Cut them off from their crappy global foundations and social and political engineering games.
Tax the billionaires at 100%! Give them no “unjust” loopholes. Level their playing field so they can’t play anymore socialst, elitist games with the Republic! They want it. They are begging for it! LEAVE EVERYONE ELSE ALONE!