Last night in his State of the Union address, President Obama once again urged Congress to pass the Buffett rule, noting that 25 percent of American millionairespay less in taxes that millions of families in the middle-class. Republicans were quick to dismiss his request as “the politics of envy and division.” However, multi-billionaire Bill Gates called his policy something else entirely: “That’s just justice.”
In an interview with the BBC, Gates noted “taxes are going to have to go up” and thus he’d prefer that they “go up more on the rich than everyone else.” There needs to be “a sense of shared sacrifice,” he said, adding, “right now, I don’t feel like people like myself are paying as much as we should”:
10 comments:
Well then Bill....contact the government and voluntarily give them half of what you earn. Don't propose to force your will down the throats of others who work just as hard as you for their money. Freedom and liberty. Remember that concept? You know....the one upon which this nation was built? The one hundreds and thousands of Americans died to uphold?
I don't understand why Bill Gates then just doesn't write a big check to the IRS if he feels this way.
He's a loaf. For example, during the 08 Financial Crisis, Warren Buffet voluntarily CHOSE to recieve the majority of his annual salary in stock, thus avoiding a higher tax rate. Yet, no mention of this when Odumba touts in the SOTU that Warrens' secretary pays a lower %. The disparity lies in the fact that the bottom 52% pay 0 in Federal Taxes, and every income earner at 50K or less TAKES more from the Federal Gov't than they contribute.
Anon 9:04 said:
The disparity lies in the fact that the bottom 52% pay 0 in Federal Taxes, and every income earner at 50K or less TAKES more from the Federal Gov't than they contribute.
I don't know where you get your information, but I make less than 50K and I don't ask the federal government or the state for anything! I also PAY taxes! I'm also debt free, except my "affordable" mortgage, not buried in debt like a lot of other Americans!
I really dont see why all of you jump on here complaining. Are YOU millionaires or billionaires? If Bush had never cut taxes on the wealthiest people in the country we wouldn't have the deficit that we do. It's just common sense. Why should the rich pay less?
Anon 10:57, here is the reason you should care. A majority of these millionaires are small business owners that create the bulk of the jobs in this country. Without these people making profits and investing there are fewer jobs. No Profits = No jobs.
10:57, Ask the universities and hositals endowments that will be hurt if "the rich" are taxed more. Not too mention charitable organizations that rely on donations and I'm not talking a hundred dollars here and there from people.
Cutting taxes on the rich didn't put us in this deficit. I am sure it didn't help, but that was not the reason.
They know that they would make more money by taxing the rich and not the poor because it done by percent so 5 percent of a dollar is 5 cents but of 50 dollars it is 5 dollar so it would have better economic chance of paying of the debt in a century this way then taxing the poor
He ought to be giving back
Windows is the biggest piece of crap that came down the pipeline
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