4 ms·
Isn't he very vocal about the fact that rich should be taxed heavily?
by kabacha 6y ago
Isn'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.