Make the Rich Poorer? Bill Gates’ Surprising Take on Wealth Redistribution!

The Microsoft founder said his ideal tax system would make him “tens of billion dollars poorer”

Image for article titled Bill Gates would like to make rich people a lot less rich

Bill Gates says he would raise taxes for about 70% of the wealthiest Americans if he controlled the U.S. tax system.

The former CEO of Microsoft claimed in an episode of his new Netflix series, “What’s Next? The Future with Bill Gates,” that the wealthy would “have a third as much under the tax system” that he envisions.

In an interview with The Independent earlier this month, Gates said that he is a “huge believer in estate tax and more progressive taxation.” He even said a tax system under his control would make him “tens of billion dollars poorer.”

Gates currently has a net worth of $128 billion, making him the 8th richest person in the world behind Elon Musk and Warren Buffet, according to Forbes. The US tax system currently taxes billionaires about 23%.

“The tax system could be more progressive without damaging significantly the incentive to do fantastic things,” Gates said in the interview.

The Bill & Melinda Gates Foundation co-founder has long argued that the U.S. should have more efficient social safety protection. In his most recent interview, he again advocated for raising taxes to increase access to universal healthcare as well as proper housing and education — causes at the forefront of his foundation.

Vermont senator Bernie Sanders — who has stated on numerous occasions that he would increase taxes for rich Americans by 60% — made an appearance on Gates’ Netflix (NFLX-0.47%) show. Sanders told Gates that if it was up to him he would make it impossible to become a billionaire.

“So if you’re asking me, ‘Do I think we should eliminate the concept of billionaires?’ Yeah, I do,” Sanders said in the episode.

Sanders does not spare Gates here. While the senator called Gates a “very innovative guy” for his contributions in the technology sector, he made clear that he thinks billions of dollars is too much money for any one person.

Related Posts

Family of Slain Ohio Dentist and Wife Reportedly ‘All Expected’ Ex-Husband’s Arrest in Double Murder Case.

The family of a murdered Ohio dentist and his wife expressed no surprise at the arrest of her ex-husband, a Chicago doctor, in connection with the couple’s…

Ransom Canyon Season 2 Is Finally Shooting – Brace for Wilder Romances, Bigger Drama, and Heart-Stopping Action Coming Sooner Than You Think! 🔥🐎

Ransom Canyon is saddling up for round two, and the excitement is already galloping across social media. Netflix’s addictive modern Western romance, which captivated audiences with its…

The moment we’ve ALL been dreading has arrived… Zed & Addison OFFICIALLY Pass the Torch in ZOMBIES 5!

After years of epic battles and saving Seabrook countless times, the legendary power couple Zed and Addison are stepping back from the spotlight. In a heartfelt shift,…

Ransom Canyon Season 2 Shocker: Filming in Full Swing – Secrets Explode, Hearts Break, and Danger Rides In! Netflix’s Hottest Western Just Got Wilder – You Won’t Believe What’s Coming!

The dusty plains of Ransom Canyon are about to get a whole lot stormier. Netflix’s breakout modern Western romance, which captivated audiences with its intoxicating mix of…

Beauty in Black Season 3 SHOCKER: Kimmie’s Mystery Baby Bombshell – Is It Horace’s Miracle Child or the Ultimate Betrayal After His Cancer Victory?

Beauty in Black Season 3 has finally dropped, and fans are divided like never before. Tyler Perry’s explosive drama series, which has kept viewers hooked with its…

HORROR EXIT SHOCKER: Horace Says Heartbreaking Goodbye After 2 Seasons – Beauty in Black Season 3 Explosive New Episodes Drop Next Week! 😱

Tyler Perry’s gripping drama Beauty in Black is set to deliver major twists as Season 3 kicks off with fresh episodes next week, following the emotional farewell…