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Bill Gates call Warren's wealth tax too high; wouldn't directly answer who he'd vote for if it's Trump v Warren
- Thread starter Luminish
- Start date
Citizens already get paid dividends from Microsoft whenever they own their shares, either themselves, through index or mutual funds, or their pension funds. This is about taking HIS shares specifically and moving it to government control. You're taking whatever political power he has and giving it directly to some government actor. This was of course tried in many socialist countries around the world and has led to diminished wealth creation (because of the diminished incentive to innovate and take risks), as well as massive corruption. I also think that it's unfair.
Back when the media and cartoonists were biased against fat cats. Now they are biased in favor of them.Looks like Gilded Age is back on the menu boys! it never actually left
That hasn't actually happened yet. I'm not gonna give the man accolades for something he has yet to do
I know Bill Gates is a massive philanthropist. He has the Melidina and Gates foundation which donates millions to AIDS research every year. I do not believe he is a bad guy at all. I am pretty sure he would vote for Warren or Bernie in my opinion of course. He does not really strike me as a Trump supporter as his character and past actions don't line up with the Republican party.
Because you're in here talking about reading comprehension when you are either failing to comprehend the criticism about his weasel words and how it's pathetic that he refuses to just say "I won't vote for Trump," instead of couching it, or you're just intentionally ignoring those posts.
That's not the issue here, having a billion dollars doesn't make you a 'bad person', but the fact that people are able to hoard so much wealth is, in fact, bad for society.
It's 3%. There is too much hand wringing over this.
You're only projecting that you would be evil if you were rich. Not everyone is like you.
You're only projecting that you would be evil if you were rich. Not everyone is like you.
Vast wealth is created from entrepreneurship or the inheritance of your relative's entrepreneurial efforts.
Average people (average U.S. household net worth is just $692,000), through investing in the stock market or through intermediaries such as pension funds, retirement schemes, mutual funds, etfs, etc., determine the value of that entrepreneurship. We, as a society, decide how much that entrepreneurship is worth via the valuation of the company.
That's less ironic than i expected. But i guess that just felt good to say for you.The reading comprehension is referring to the video.
That's what the topic is about. I haven't read every post (i guess i missed one super important one of you?) but a lot are just people shouting stuff it seems.
I don't know him and don't care about him or MS. But i did watch that documentary on Netflix and if that is all true, then at the very least he seems aware that big changes need to come from independent people with a shitload of money and the willingness to dive into complicated problems. He seems very willing to do that and, again if it's true, seems to have initiated certain solutions to big problems.
In terms of taxes, i don't feel bad for him at all. All for Warrens plans in this case.
I don't have a lot of sympathy for filthy rich people or even people who WANT to become rich. But, and again; if it's all true, he at least seems to be putting a lot of effort into solving complex and big problems. With others, of course.
I sincerely doubt he would vote for Trump anyway since Trump ruined his Nuclear reactor deal with China.
I'm very curious about that project. It seems like the perfect solution for now.
No doubt he would make money with that in the end.
And a lot of reactions here... well, i'm old enough to realise people react from an income dependent moral.
Give a lot of people here a couple of million and they'll turn into disgusting people who think they deserve the world.
At the very least he seems to actually want to solve some big problems. Or help.
But he needs to pay his taxes of course.
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If you have 500 billion and the government takes 80% of that you'll have 100 billion remaining.
Oh god, only 100 billion? How could anyone survive on that?
Oh god, only 100 billion? How could anyone survive on that?
As an aside, this whole eat the rich movement makes me slightly uncomfortable on era. You have people on here advocating for taxation models that would make people in Europe who have a much better tax system uneasy and calling people who rent property and make over 200k literally evil.
No he doesn't. Warren's tax would be peanuts to him, yet he still thinks it's too much. But guess what, he doesn't have any fucking say in this.
Which NOBODY running for US president demanded in any way, so how is this relevant?
Some of us have been asking, lol. Blue Checks on twitter been showing their comprehension levels as well. Like, holy shit, why are people so dense?
It's a JOKE. They were talking about TAXES. He joked about taxes. Like wtf is wrong with people?
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There isn't a movement and I doubt these few people saying they want to eat the rich are actually cannibals, crazy I know. I'd say what's more common is that the existence of billionaires is a policy failure, of which I would agree.
I mean there are a multitude of reasons why it's bad for billionaires to be a thing. In short though, giving working people access to more capital is better for the economy because working people don't have all the things they want, give them more money and they'll start buying the things they want. Not to mention just the moral side of it, there shouldn't be 500,000 homeless people, people going bankrupt from getting sick, people not making a living wage, etc. These things need to be addressed but billionaires have no interest in doing so.
At least under the presumption that Gates could liquidate most of his assets and was taxed 99% of his current net worth, he'd still be a billionaire. Be uncomfortable as you will, but understand that people who are in poverty right now are often not actually managing to make ends meet and all of that money would go a long way to improving their quality of life and empowering them, and not have to worry about the threat of, like, starvation.
It is relevant because this whole thread is based on a manipulated quote. Like the last thread that used the same doctored quote and got closed for misrepresenting the context. Maybe a thread should be about what he actually said and not about a statement that got trimmed to fit a narrative.
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All this does is highlights that even the ones that have conviced themselves they're one of the good guys still dont understand. Bill think paying more in taxes is the root of the issue rather than the completely disproportionate amount of wealth available to him. He would still multiple billions which is much more than he will ever need.
As a taxpayer and voter, he has as much as say as you do, and even more should he decide to set up a PAC to fund one of the candidates. And as an extreme solution, or protest, he could decide to renounce his US citizenship, depriving the government from a lot of tax revenue.
Also Warren's wealth tax would tax net worth above a certain threshold so yeah you'd be taxing the vast majority of his net worth (which as described earlier in this thread has failed in many countries in the past and is incredibly hard to undertake).
It's not "verbatim" or "literal" if you cut off a statement mid sentence and present it as a full statement or full quote.
He's said before that he thinks the rich should be taxed much higher, but not too high because people like him give away more than they pay in taxes anyway, and governments are much slower to move on issues than Philanthropists.
I think he's right, increase the tax, but maybe with tax breaks to encourage philanthropy
I think he's right, increase the tax, but maybe with tax breaks to encourage philanthropy
Or they have eyes and ears and can see the world the rich have created and are desperate to uphold. Quite the take, though
Wow, what a threat. "Let me continue paying incredibly low tax rates or I will leave and continue paying incredibly low tax rates".
And that's why we need global cooperation against tax evasion / billionaires and sanction any tax havens. Maybe they can build their own islands somewhere in the ocean. Spoiler: They won't.
The exact quote is in the OP. I have no idea what you are talking about:
Maybe you should scroll down a bit to the (as the OP stated) "interesting quotes".
Yeah, that's not even an exact quote. At the end, he says, "I'm sorry... I'm just kidding."
But the OP makes it sounds like there was this long pause before he said "just kidding."
It may seem minuscule, but it's the kind of shit that changes the tone and impression you get when you watch the actual clip instead of read it. Reading it, i agree... it sounds terrible. But hearing it, you can tell he was being a dork. A rich fuck dork that should be taxed to hell, but still a dork.
But the OP makes it sounds like there was this long pause before he said "just kidding."
It may seem minuscule, but it's the kind of shit that changes the tone and impression you get when you watch the actual clip instead of read it. Reading it, i agree... it sounds terrible. But hearing it, you can tell he was being a dork. A rich fuck dork that should be taxed to hell, but still a dork.
Obviously I dont mean eating them literally and I agree that billionaires are a problem in our society and a failure of our anti-trust laws, as well as a breakdown of the system after world war 2 back when we did legitamelly have wealth taxes that get people from getting too high. I'm more speaking on the idea of trashing anyone who makes more than you in a populist way, in a way that isnt productive at all.
Not only is the quote misrepresented but some of yall forget that Bill Gates pays his taxes and runs an incredible charity in Africa to reduce the amount of malaria.
But hey, fuck Bill Gates I guess lmao #eattherich
But hey, fuck Bill Gates I guess lmao #eattherich
Based on the above calculator he would pay less than the 10 Billion he claims
And based on his quote he's literally fucking kidding my dude. Read it. Watch the video.
The thing is, there is nothing funny about this. Maybe it is funny when you have $100 billion. The whole thread is still valid. It doesn't change any of the valid criticism there is of billionaires and Bill Gates.
So basically: It's OK to exploit a broken tax system (that he and his billionaire buddies helped to create or maintain) as long as he gives a small percentage of that money to charity?
It should be easy for him to say that his issues with a wealth tax wont lead to him voting for the white nationalist with multiple credible sexual assault allegations. We shouldn't need to read between the lines.
Come on... it's a little funny, no? I know... it's not. As I've said in this thread, it's rich dad boomer humor. It's exactly the kind of comment rich boomers make. Shit like, "Oh, my taxes are 10% now. What'll the be, 20% next year? Then 99%! Oh my spleen!" (I'm hyperbolizing... but seriously... rich people joke about their absurd amounts of money with each other. edit: It's the entire premise of Wolf of Wall Street, which I'm sure folks here love)
Nah, it's mostly a trash fire. But it's our trash fire.
I 100% agree with this.
But how will I satiate my squirrel-like primal instinct of hoarding paper in a vault? I know i can't possibly spend it all in my lifetime and that millions of others could really use it but...I just like knowing that it's there, ya know?
That wasn't implied nor said in my post, but keep thinking that it was.