this post was submitted on 22 Jan 2024
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Bill Gates wants ultra-wealthy individuals to pay more tax — and now a growing chorus of billionaires agree.

In his annual "Ask Me Anything" forum on Reddit last year, the Microsoft cofounder said he was "surprised" that taxes for the rich haven't been increased more.

Gates doubled down on his calls to tax the rich in a panel at the World Economic Forum in Davos this week. He said the wealthiest nations should donate more money to developing countries to help redress inequality.

"Those who have the most — whether it's countries, companies, or individuals — should be pushed to be more generous," he said.

It seems others agree, as more than 250 ultra-wealthy people signed an open letter calling for global leaders to impose a wealth tax.

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[–] myrdinn@lemmy.world 4 points 2 years ago (1 children)
[–] Custoslibera@lemmy.world 2 points 2 years ago

Hey don’t sully Bill Burr’s name like that!

[–] Strider@lemmy.world 4 points 2 years ago

Ah yes they'll be starting anytime now, soon.. Just wait...

[–] Rayspekt@kbin.social 4 points 2 years ago

I wonder if those billionaires that agree do so because they feel that the time are changing and people are done with getting ripped off.

[–] Buelldozer@lemmy.today 4 points 2 years ago* (last edited 2 years ago) (1 children)

Performative, these people could write checks directly to their countries tax collection agency any time they wanted. Old Bill there could send $500,000 a day for a hundred years and not miss it.

Yes I did the math, that would work out to only 18 Billion of his 121 Billion fortune!

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[–] trackcharlie@lemmynsfw.com 4 points 2 years ago (1 children)

Just so long as it doesn't reduce their personal wealth, they're all for 'paying more taxes' as long as they can use the loophole of 'I created a charity in order to avoid paying my fair share of taxes'.

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[–] PhlubbaDubba@lemm.ee 3 points 2 years ago

Ive been hearing Mark to Market get tossed around as a viable means to tax non liquid wealth, what I think is gonna be the big fight is how to tax items of subjective valuations like art pieces, or how even to establish a standard procedure of assessment that can't be fudged for tax purposes

[–] chemicalwonka@discuss.tchncs.de 3 points 2 years ago

They shouldn't pay less taxes if they don't exist in the first place

[–] SpiceDealer@lemmy.world 2 points 2 years ago (6 children)

I'm not very smart but I do sense a catch here. If my 'suspicion' (if you can call it that) is right, could someone kindly explain it to me?

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