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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[–] AnneBonny@lemmy.dbzer0.com 14 points 8 months ago (3 children)

No one is stopping you from giving money to the government.

You can make a gift to reduce public debt here: https://www.pay.gov/public/form/start/23779454

You can donate to the U.S. Government here: https://www.pay.gov/public/form/start/708094624

[–] 31337@sh.itjust.works 5 points 8 months ago (1 children)

This is the same argument the other billionaires, politicians, and the media makes when arguing against Gates, Buffet, and Soros. I'm not saying Gates is a great person, but he's more or less right in this particular case. It's kinda like the "so, if you want the homeless to be housed, let them stay in your apartment," argument.

[–] AnneBonny@lemmy.dbzer0.com 2 points 8 months ago

I don't disagree with his opinion, I just think he is a tremendous hypocrite.

[–] dezmd@lemmy.world 2 points 8 months ago (2 children)

Are they both tax deductible?

[–] PhlubbaDubba@lemm.ee 1 points 8 months ago

Honestly donating to the national debt probably should be

If you're gonna tax dodge at least do it in a way that offers even a nominal benefit to the rest of us

[–] AnneBonny@lemmy.dbzer0.com 1 points 8 months ago

I don't have any idea.

[–] Crikeste@lemm.ee -2 points 8 months ago (2 children)

I’m sure what they’re saying is that they want to give the government money but the government won’t let them.

Quit being disingenuous.

[–] AnneBonny@lemmy.dbzer0.com 5 points 8 months ago* (last edited 8 months ago) (1 children)

Disingenuous? He has billions of dollars stored in a 501(c)(3).

A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code.

He's a fucking clown.

[–] HerrBeter@lemmy.world 1 points 8 months ago

They'll increase the tax and then funnel the government money into their sheets again, but now they can claim that they are being taxed as they should. All's fair. Except the workers who get shitter pay, worse conditions.

[–] adriaan@sh.itjust.works 3 points 8 months ago

Genuinely hard to tell if a joke sometimes