Bill Gates Says He Would Tax The Rich, Including Himself

by Creating Change Mag
Bill Gates Says He Would Tax The Rich, Including Himself


Does Bill Gates, the sixth richest person in the world with a net worth of $163 billion, think he’s too rich?

Gates avoided answering “yes” or “no” in a September episode of the Netflix series “What’s Next? The Future with Bill Gates.” Instead, he stated that it was “kind of wild” that billionaires even existed.

“It’s a huge amount of wealth, which if you even tried to consume it would be kind of absurd,” he said.

Related: Bill Gates Recommends These Books for Your Summer Reading List

On a podcast episode of On with Kara Swisher, which aired Monday, Gates specified that he would set up a different tax framework for the ultra-wealthy if he were in charge of tax policies, and set the rate around 62%.

“I would set tax rates quite a bit higher for rich people,” he said in the episode, titled ‘How to Tax the Rich, AI, Misinformation, & the Election.” He referenced Senator Bernie Sanders and stated, “I would not make it illegal to be a billionaire. [Bernie Sanders] would take away over 99% of what I have. I would take away 62% of what I have. So that’s a difference.”

Bill Gates. Photo by Mike Lawrence/Getty Images

Gates is one of the co-founders of the Giving Pledge, an organization started in 2010 to inspire billionaires to publicly commit to philanthropy. He has given away $77.6 billion so far through the Gates Foundation.

His ex-wife, Melinda French Gates, left the Bill & Melinda Gates Foundation in May and announced that she would be giving $1 billion to organizations fighting for women’s rights.

Related: ‘There Is More To Life Than Work’: Bill Gates Delivers Emotional Message To Graduates About Learning To Take A Break



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