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Bill Gates thinks the super-wealthy should pay more tax – and plenty of rich people agree (www.businessinsider.com)

submitted 11 months ago by MicroWave to c/news

216 comments fedilink hide all child comments

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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[–] Katana314 17 points 11 months ago (2 children)

I can't actually picture how easily someone would just send a larger check to the IRS - it'd probably be kicked back to you as a tax refund if you filled your taxes correctly.

Much easier would be to found your own charity to get similar effects done - which, surprise, Gates already does. And I'm sure he doesn't just mean "I should be paying more taxes", he means "Everyone as wealthy as me", even if said other people don't agree with him.

[–] ninja 23 points 11 months ago (1 children)

Don't worry, the US Treasury has directions:

https://fiscal.treasury.gov/public/gifts-to-government.html

[–] Katana314 7 points 11 months ago

Well, I learned something new!

That said, I could certainly worry about the way sudden money like that would be spent. A lot of better government programs are supported by sustained funding, rather than the sudden effect of a billionaire waking up feeling charitable enough to send out a lump sum.

[–] [email protected] 5 points 11 months ago

It's super simple, you literally write a cheque and send it.