Politicspolitics

Thu Nov 7, 2019, 05:55 PM

Sanders wants Bill Gates 100 billion a year in taxes.

Sanders and Warren have gone mad.


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Response to outside (Original post)

Thu Nov 7, 2019, 06:03 PM

1. End homelessness! Thats some communist dogma worth a laugh.

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Response to outside (Original post)

Thu Nov 7, 2019, 06:05 PM

2. Well, when's Bernie--or more especially his freeloading followers--

going to do anything about working to increase their own wealth so it can be taxed?

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Response to outside (Original post)

Thu Nov 7, 2019, 06:16 PM

3. Here is what the #1 and #2 wealthiest people on the planet have to say.

“Warren Buffett and Bill Gates agree that the rich should pay higher taxes—here’s what they suggest”

Warren Buffett doesn’t think the rich in America are paying enough in taxes. “The wealthy are definitely undertaxed relative to the general population,” he told CNBC’s Becky Quick during an interview on “Squawk Box”.

As industries become more specific and as workers develop more specialized skill sets, Buffett said, it’s the wealthy who benefit.

Back in the 1800s, for example, when most people worked on farms, those who were stronger and worked harder still earned more, Buffett explained, but “the top person working on that farm would be worth one-and-a-half to two times what the bottom person was.”

However, that disparity has grown. Today, the richest 10 percent of people worldwide own 85 percent of global wealth, according to Credit Suisse’s 2018 Global Wealth Report. And as the market system continues to become increasingly specialized, “the rich will get even richer,” Buffett said.

To Buffett, that means the next step should be figuring how to take care of people like “a guy who is a wonderful citizen” but “just doesn’t have market skills.”

His solution: Expand the earned income tax credit, which benefits people with low incomes. Even though “that probably means more taxes for guys like me,” Buffet said, “I’m fine with it.”

Fellow billionaire Bill Gates has made similar comments. “There’s no doubt that what we want government to do in terms of better education and better health care means that we need to collect more in taxes,” he said during a recent conversation in New York City. “And there’s no doubt that as we raise taxes, we can have most of that additional money come from those who are better off.”

Gates, like Buffett, acknowledges that he’s among those whose taxes should go up. “I need to pay higher taxes,” he told CNN’s Fareed Zakaria during a 2018 interview. “I’ve paid more taxes, over $10 billion, than anyone else, but the government should require people in my position to pay significantly higher taxes.”
(Excerpt)
https://www.cnbc.com/2019/02/25/warren-buffett-and-bill-gates-the-rich-should-pay-higher-taxes.html

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Response to jh4freedom (Reply #3)

Thu Nov 7, 2019, 07:16 PM

7. I always laugh.....

....when I see someone extolling the virtues of higher taxation for themselves yet, they continue to only pay the minimum amount required for their bracket.

Mr. Gates and Mr. Buffett are both uber wealthy and, from all accounts, great philanthropists as well. But neither are prevented in any way from upping their tax payments as much as they see fit.

If someone is truly so altruistic that they think the government should take more of their vast fortune and that society would benefit greatly from it; then just write the check and lead by example.

No need to pass a law forcing you to do, that which you already claim to want to do.

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Response to jh4freedom (Reply #3)

Thu Nov 7, 2019, 07:29 PM

8. Of course they are fine with more taxes

They are speaking of the current tax code, that would result in higher INCOME taxes. Buffet and Gates already have their wealth, doesn't hurt them - but it does make it harder for others to reach their level of wealth, so they have more power for a longer period of time.

When Warren/Sanders/Other Commie begins to talk about taxing their WEALTH - we'll hear a different reaction.

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Response to jh4freedom (Reply #3)

Thu Nov 7, 2019, 08:36 PM

9. Socialism is for greedy retards.

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Response to jh4freedom (Reply #3)

Thu Nov 7, 2019, 08:46 PM

10. Oh but look,the OP was about him balking at a specific proposal.

Once again the Shareblue copy/paste has nothing to do with what was posted.

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Response to outside (Original post)

Thu Nov 7, 2019, 06:43 PM

4. How come Bill Gates never paid one dime in child support?

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Response to WhiskeyMakesMeHappy (Reply #4)

Thu Nov 7, 2019, 06:49 PM

5. Too much whiskey?

You might be confusing Bill Gates with the late Steve Jobs. Gates has only had one wife and three kids. No child support.

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Response to outside (Original post)

Thu Nov 7, 2019, 06:55 PM

6. The FED just printed $128 billion and handed it to the banks

Why can’t they print another $100 billion

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Response to outside (Original post)

Thu Nov 7, 2019, 11:29 PM

11. If it only takes $100 billion to end homelessness and

Provide safe drinking water to everyone in the country, why hasn’t Bernie proposed a $100 billion dollar bill to do it?

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