The world’s second richest man is a little anxious over Sen. Elizabeth Warren’s tax plan.
Speaking at the New York Times DealBook conference Wednesday, Bill Gates spoke about the Democratic presidential candidate’s proposed wealth tax — what she calls an “Ultra-Millionaire Tax” — which would directly tax multi-millionaires’ net worth, as opposed to their income. (Sen. Bernie Sanders has unveiled his own wealth tax.)
“I’ve paid over $10 billion in taxes, I’ve paid more than anyone in taxes,” Gates said. “If I had to pay $20 billion it’s fine. But when you say I should pay $100 billion, O.K., then I’m starting to do a little math about what I have left over.”
The Microsoft co-founder tried to soften the comments, adding, “I’m just kidding.”
Gates also expressed that he wasn’t sure Warren would be willing to take the needs of people like him into account, or even hear them out. “I’m not sure how open-minded she is, or that she’d even be willing to sit down with somebody who has large amounts of money,” he said.
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