1025
Bill Gates thinks the super-wealthy should pay more tax – and plenty of rich people agree
(www.businessinsider.com)
this post was submitted on 22 Jan 2024
1025 points (97.5% liked)
News
23275 readers
3788 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What does that even mean? He can pay more taxes but only if he still gets to be #4 richest man on the planet? How about stopping the idiotic race to be "the richest person the universe" instead? You know that being #1 or #5000 doesn't really change how insanely comfortable your life is. The entire race and just pure vanity.
Don't be silly. He doesn't want anyone to pay more. It's just PR.
Its not silly. Its a fact of economics for everyone. I compete with other people about my income level for the type of housing I might buy. If I voluntarily lower mine in relation to everyone else because we decide the best way to fund government is some sort of voluntary charity affair then giving more would cause me to lose in the bidding process of a possible home. That is why taxes have to be collected from everyone equally based on their relative wealth.
Yes, I'm sure if Bill only has $20B instead of $120B he will go homeless.
its not about that. Im not sure if your being disengenous or are actually not getting what I just said. Its pretty plain. Someone who has 20B is not going to be able to buy the same real estate as someone with 120B For that matter it would also be other large things like companies at that level but I use houses because folks can understand that a bit better. By hook or crook they got to where they are at and they are not going to give it up for just themselves because some people want the goverment to work on a charity methodology. Taxes have to be collected and they need to do so in an even handed manner based on wealth. The right likes to complain about high taxes but they are incredibly low and have underfunded things for over 40 years now which means we actually need higher than normal taxes at some point in the future to ever be prosperous again as a society. The amount does not matter so much though as consistent collection to keep the relative playing fields level as the most expensive things people buy are somewhat limited and done in competition with each other.
You're making points about general economics and government financing while the comment was about Bill Gates specifically. Of course we're not going to say "everyone should pay more taxes if they want but taxes will stay as low as possible". But Bill is 70 years old and worth $100B. He no longer competes with anyone for resources or companies, he's no longer working to build his wealth and improve his quality of life. He's just hoarding wealth that he uses to influence policy on a scale that should be restricted to elected officials. If he really thinks the government needs more money and can do with less he can stop hiding taxes in charities.
again. disengenous. the reason specifically bill calls for higher taxes for his class rather than just paying extra himself is because he wants to maintain his relative level. its great you think he has more than enough but this is not about someone voluntarily paying to fund the US. Its about collecting taxes on the wealthy. The response he should just pay more and stay out of it is just nonsensical.
This is what's nonsensical. "If Bill pays more taxes he might be only #10 richest man on the planet. Surely he can't do that." Yeah, it would be sooooo tragic if he would have only half of the money Elon Musk has.
As I said, at this point he's no longer building his wealth, his just hoarding money. I have no idea why you keep insisting that his wealth relative to other billionaires is so important. He's no longer competing with them for resources. He has millions times more than he can use in the rest of his life.
yeah. as are all the rest. so taxes should be taken equally from all of them not just having bill gates do it.