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(CNN)   Bill Gates joins Warren Buffett in calling for higher taxes on billionaires   ( cnn.com) divider line
    More: Cool, Tax, higher taxes, Regressive tax, United States, Progressive tax, significantly higher taxes, Proportional tax, GOP tax law  
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714 clicks; posted to Business » on 02 Mar 2018 at 4:35 PM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



30 Comments     (+0 »)
 
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2018-03-02 03:48:20 PM  
This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.
 
2018-03-02 04:42:46 PM  

bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.


Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.
 
2018-03-02 05:00:22 PM  

Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.


Lies. How is the money supposed to trickle down if we don't give it to the rich folks?

/charbroil liberaces
 
2018-03-02 05:11:08 PM  
Just out of curiosity, how much is a fair share  a mega wealthy person, and who gets to decide?

Will this be on a sliding scale?

Can they pay in used chickens and sheep (chicken only slightly used, from my understanding)?
 
2018-03-02 05:13:25 PM  
If the rich have to pay more taxes, that just means they'll move all the manufacturing jobs to China and Mexico, and set up tax havens in Ireland? You don't want THAT to happen, do you?

/chachi lovesjoanie
 
2018-03-02 05:13:31 PM  

farkyorefeelings: Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.

Lies. How is the money supposed to trickle down if we don't give it to the rich folks?

/charbroil liberaces


Dammit. My sneaky plan. Foiled.
 
2018-03-02 05:19:40 PM  
brizzle365

Just out of curiosity, how much is a fair share a mega wealthy person, and who gets to decide?

Well those who it makes sound financial sense to do so, hide their money elsewhere. I pay about 30% (ballpark) of my wages to taxes. Steve Jobs paid himself $1 a year to avoid taxes, everything else written off as a business expense, a lot of people do creative accounting like this. Changing this might just get the ball rolling.
 
2018-03-02 05:28:29 PM  
This isn't anything new.

// Please note if Googling this: Bill Gates is not his dad.
 
2018-03-02 05:50:46 PM  
Well, sure, it's easy for them to say that when they have $60-80 billion each. But how's your average, run-of-the-mill billionaire supposed to hand over a extra couple percentage points in taxes and still pay the rent??
 
2018-03-02 05:51:46 PM  

brizzle365: Just out of curiosity, how much is a fair share a mega wealthy person, and who gets to decide?


a) Ideally, the same tax rates as were in place during our country's periods of greatest overall economic success. Whatever that may be.

b) Ideally, the people of the United States of America, by way of their elected representatives.

Glad you asked.
 
2018-03-02 05:54:30 PM  
Trump said he was going to plug the cap gains loopholes, when he was running.
Promised it would be part of ANY tax reform bill he signed.
But, you know - it's the damnedest thing - he didn't do it!
Can you believe that?
 
2018-03-02 06:02:33 PM  

jso2897: Trump said he was going to plug the cap gains loopholes, when he was running.
Promised it would be part of ANY tax reform bill he signed.
But, you know - it's the damnedest thing - he didn't do it!
Can you believe that?


But he said he was gonna?
 
2018-03-02 06:32:31 PM  

jso2897: Trump said he was going to plug the cap gains loopholes, when he was running.
Promised it would be part of ANY tax reform bill he signed.
But, you know - it's the damnedest thing - he didn't do it!
Can you believe that?


Wait. Trump lies?! Got a cite for that?
 
2018-03-02 06:35:21 PM  

farkyorefeelings: jso2897: Trump said he was going to plug the cap gains loopholes, when he was running.
Promised it would be part of ANY tax reform bill he signed.
But, you know - it's the damnedest thing - he didn't do it!
Can you believe that?

Wait. Trump lies?! Got a cite for that?


Hey, I know. I'm totally flabbergasted.
 
2018-03-02 08:49:12 PM  
It makes ethical sense to tax individuals (especially the rich ones) whenever possible. It means government isn't hiding the cost of itself by forcing a third party (businesses) into the role of tax collector.

When you buy a loaf of bread at the supermarket, you're paying part of the supermarket's tax bill, part of the bread-baker's tax bill, part of the bread delivery company's tax bill, and part of the tax bill for everybody who made ingredients for the bread. Anybody who works for any business in that chain, and anybody who invests in any business in that chain is also paying part of the businesses' tax bills - instead of better compensation for the workers or better returns on investment, Uncle Sam has to be paid first.

So why not skip the charade of "(bonghit) make corporations pay their fair share, man (/bonghit)" and simply tax people directly and progressively?

Because the charade isn't a bug, it's a feature.
 
2018-03-02 08:51:01 PM  

Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.


I'm not suggesting anything drastic.  I just think that we should readjust the tax structure so that capital gains are counted as income, and that anything over 1 million dollars per year is taxed at 120%.
 
2018-03-02 09:05:04 PM  
I absolutely think the ultra-rich should pay more taxes, but this type of shiat is just infuriating.  It's free virtue.  There are utterly no consequences attached to it.  He's completely full of shiat.  Why have the Bill and Melinda Gates Foundation?  If he believes the government can do a better job spending the money, then why have a multibillion dollar charity?  Just sign it over to the Feds and be done with it.  But he doesn't, because he knows if they do, nothing will change, they'll still spend way too much money on F-35s and free shiat for the masses, and they'll just ask for more and more.

Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.


And because some people will take your argument seriously - There are 540 billionaires in America.  They have a combined net worth of $2.4 trillion.  Bill Gates and Warren Buffett have a combined $167 billion dollars.  So these two men have 7% of all the wealth owned by billionaires.  That's pretty far from a drop in the ocean.  Get Mark Zuckerberg , Michael Bloomberg, and Larry Page, three other big ticket guys who are also totes serious about doing the right thing and you're well over 15%.

It would be awesome if these guys actually got the important folks together, and hashed out an agreement to pay more taxes in return for spending reductions and we actually had a budget where we weren't borrowing 1/3 to half of what we spend.  Which will never happened.
 
2018-03-02 09:10:55 PM  

FLMountainMan: Why have the Bill and Melinda Gates Foundation?  If he believes the government can do a better job spending the money, then why have a multibillion dollar charity?


Are you really arguing that one cannot believe there is a role for both government and charity? That one must pick one and believe it superior in all things?

Because that is the logical conclusion to your statement.

FYI, his foundation acts around the world.

But even if he did really think the government was best and charity was worthless, there is still reason to call for all wealthy to be taxed higher instead of just giving money away.

Are you for real?!
 
2018-03-02 09:23:35 PM  

FLMountainMan: I absolutely think the ultra-rich should pay more taxes, but this type of shiat is just infuriating.  It's free virtue.  There are utterly no consequences attached to it.  He's completely full of shiat.  Why have the Bill and Melinda Gates Foundation?  If he believes the government can do a better job spending the money, then why have a multibillion dollar charity?  Just sign it over to the Feds and be done with it.  But he doesn't, because he knows if they do, nothing will change, they'll still spend way too much money on F-35s and free shiat for the masses, and they'll just ask for more and more.

Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.

And because some people will take your argument seriously - There are 540 billionaires in America.  They have a combined net worth of $2.4 trillion.  Bill Gates and Warren Buffett have a combined $167 billion dollars.  So these two men have 7% of all the wealth owned by billionaires.  That's pretty far from a drop in the ocean.  Get Mark Zuckerberg , Michael Bloomberg, and Larry Page, three other big ticket guys who are also totes serious about doing the right thing and you're well over 15%.

It would be awesome if these guys actually got the important folks together, and hashed out an agreement to pay more taxes in return for spending reductions and we actually had a budget where we weren't borrowing 1/3 to half of what we spend.  Which will never happened.


LOLOLOLOLOL

Have you met the government
 
2018-03-02 11:36:28 PM  

jso2897: Trump said he was going to plug the cap gains loopholes, when he was running.
Promised it would be part of ANY tax reform bill he signed.
But, you know - it's the damnedest thing - he didn't do it!
Can you believe that?


 Why would he do that? Why would he just go on TV and lie like that?
 
2018-03-03 12:29:29 AM  

Smackledorfer: FLMountainMan: Why have the Bill and Melinda Gates Foundation?  If he believes the government can do a better job spending the money, then why have a multibillion dollar charity?

Are you really arguing that one cannot believe there is a role for both government and charity? That one must pick one and believe it superior in all things?

Because that is the logical conclusion to your statement.

FYI, his foundation acts around the world.

But even if he did really think the government was best and charity was worthless, there is still reason to call for all wealthy to be taxed higher instead of just giving money away.

Are you for real?!


In addition I think his belief is that preventing a million deaths a year from malaria or whatever he funds is more important.
 
2018-03-03 12:29:31 AM  
I remember when Bill Gates was the evil cackling business tycoon twirling his moustache while waiting for the train to run over the girl and Steve Jobs was the brilliant visionary underdog bravely standing against Gates' soulless business empire.

Then it turned out that Bill Gates set up an enormous foundation to donate his fortune to charity and that Steve Jobs was a complete dick.

But now I suspect they both are and the genuinely awesome human being out of the lot was Steve Wozniak all along.

And similarly computer boffin/cuddly toy Sir Clive Sinclair was the good guy competing with business bastards Alan Sugar and Jack Tramiel.
 
2018-03-03 12:31:58 AM  
He has a car with doors that open like this.
 
2018-03-03 01:18:42 AM  

Mr_Fabulous: brizzle365: Just out of curiosity, how much is a fair share a mega wealthy person, and who gets to decide?

a) Ideally, the same tax rates as were in place during our country's periods of greatest overall economic success. Whatever that may be.

b) Ideally, the people of the United States of America, by way of their elected representatives.

Glad you asked.


There was no income tax during the industrial revolution.
 
2018-03-03 02:52:55 AM  
Gordon Bennett:

I think Gates grew older and wiser. He seemed to be able to accept change and being wrong if there was logic to it.

Jobs just seemed to have cult of personality and got lucky meeting Wozniak. He wasn't an idiot but I don't think he was Gates level smart.

Wozniak has his faults too but they seem minor in comparison to either.
 
2018-03-03 08:22:35 AM  
Seriously, a little higher tax on billionaires, and cut the stupid tax loopholes for the mega corps based in Ireland that makes paying US tax apparently optional.

Loopholes should be for small business, not creating monopolies and deep throating market movers.
 
2018-03-03 12:44:13 PM  

Mr_Fabulous: Ideally, the same tax rates as were in place during our country's periods of greatest overall economic success. Whatever that may be.


When the top tax rates were 90% or 70%, that was an insane amount to confiscate. The typical refrain I get from Liberals is "Well, no one actually paid those rates after deductions and stuff..."

So which is it? Taxes at 90% were a good equalizer, or no one actually paid those rates? They can't both be true at the same time.
 
2018-03-03 12:48:53 PM  

jso2897: Trump said he was going to plug the cap gains loopholes, when he was running.
Promised it would be part of ANY tax reform bill he signed.
But, you know - it's the damnedest thing - he didn't do it!
Can you believe that?


The crazy thing is how many people believed he, or any other billionaire, would cut their own throat. That's beyond pants-on-head moronic.
 
2018-03-03 06:24:14 PM  

Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.


Will Bill and Warren stop structuring their compensation so that they own nothing and what cash they do get is taxed at the capital gains rate?
 
2018-03-03 06:44:55 PM  

Carousel Beast: Gubbo: bdub77: This is bullsh*t. If they wanted to they could write a check to everyone in America. Don't believe it. Bill Gates still owes me hundreds of thousands of dollars from the 90s for forwarding mail.

Because some people will actually make that argument seriously.

Yes, they could pay more. But a few people voluntarily paying more won't make a difference, it's a drop in the ocean.

Making all the mega wealthy pay their fair share will make a huge difference.

Will Bill and Warren stop structuring their compensation so that they own nothing and what cash they do get is taxed at the capital gains rate?


That's a very well missed point you have there.

Especially since Gates doesn't have a job anymore
 
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