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He's a billionaire. The government defends his billions from being redistributed by angry dying people. He doesn't want potential revolutionaries to be able to
by tehjoker 6y ago
He's a billionaire. The government defends his billions from being redistributed by angry dying people. He doesn't want potential revolutionaries to be able to communicate easily.
- goldenchrome 6y agoThis is the right answer. HN likes to think of Bill Gates as a techophile because that’s where he started, but today he’s foremost a billionaire with more to lose than to gain.
- kabacha 6y agoIsn't he very vocal about the fact that rich should be taxed heavily?
- jkestner 6y agoVocal, as in he did the usual billionaire dissembling about how Warren's wealth tax would take 90% of his fortune and kill innovation. https://www.cbsnews.com/news/elizabeth-warren-would-love-to-explain-wealth-tax-plan-to-bill-gates/ https://www.cbsnews.com/news/elizabeth-warren-would-love-to-...
- evan_ 6y agoand of course 10% of his fortune is still more than all the money made in the lifetime of every person Who will read this combined
- jkestner 6y agoAnd Warren's actual proposed rate, 3% for everything over $1 billion, is outpaced by the 11% annual rate of return for the S&P 500 over the last 30 years. A wealth tax would just slow down how fast the rich get richer.