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

👩‍👦 “Mum, Take This.” A Chilling Court Revelation Unravels a Mother’s Alleged Role in a Student’s Fatal Case ⚖️😱

Courtroom Drama Unfolds: Mother Faces Charges for Allegedly Concealing Item Linked to Son’s Fatal Student Altercation Southampton Magistrates’ Court buzzed with tension on a crisp December morning…

😮🩺 A Routine Checkup. A Silent Shock and She Didn’t Tell the World. She Told Him. Sandra Bullock, a Life-Altering Diagnosis

In the sterile hush of a Beverly Hills medical clinic on a sun-drenched October morning in 2025, Sandra Bullock sat alone in the examination room, her hands…

😱🔥 He Looks Silent, Serious, Almost Untouchable — But Behind the Camera? Keanu Reeves Turns Movie Sets Into Wild Playgrounds of Laughter, Chaos, and Relentless Energy 🎬⚡

Keanu Reeves. The name conjures images of a man shrouded in quiet mystery – the stoic action hero gliding through rain-slicked streets in The Matrix, the brooding…

⚡🧟‍♂️ “Alive Again” in London: Jacob Elordi and Guillermo del Toro Set the City on Fire as Frankenstein’s Monster Steals Awards Season Spotlight 🏆🔥

The fog rolled thick over the Thames, casting London’s historic streets in a veil of gothic mystery that felt almost scripted – as if the city itself…

😱🔥 Hollywood Boxed Him In as a Pretty Face — Then Jacob Elordi Blew the Doors Off With Two Golden Globe Nods in One Year 🏆🎭

In the glittering chaos of Hollywood’s awards season kickoff, one name has ignited more buzz than any other: Jacob Elordi. The 28-year-old Australian actor, once dismissed by…

EXPLOSIVE: Star Attorney Tony Buzbee Rips Austin Police for “SLOPPY & LAZY” Investigation After Bright Cheerleader Brianna Falls 17 Stories – Demands Rangers Take Over! “THIS WAS ABSOLUTE FOOLISHNESS!

The family of 19-year-old Texas A&M University student Brianna Aguilera has enlisted prominent Houston attorney Tony Buzbee to challenge the Austin Police Department’s investigation into her death,…