Elizabeth Warren challenges Bill Gates on 'wealth tax'

Daniel Fowler
November 8, 2019

"I paid more than $10 billion in taxes".

"There's no doubt that the antitrust lawsuit was bad for Microsoft, and we would have been more focused on creating the phone operating system and so instead of using Android today you would be using Windows Mobile", Gates is quoted as saying. Speaking about the wealth tax, Gates said there's a limit to what he would be willing to pay.

Using the Forbes estimate of his wealth, Gates would pay a maximum of $3.16 billion this year under Warren's wealth tax, if it were now in effect as originally proposed.

Ms. Warren was the Democratic leader in the 2020 presidential election, and he proposed to meet with Mr. Gates in response.

Mr. Gates at the New York Times DealBook conference in New York on Wednesday. Elizabeth Warren (D-MA) speaks at a campaign town hall meeting at the University of New Hampshire in Durham, New Hampshire, US, Oct. 30, 2019.

Warren's wealth tax would cost Gates an additional $6 billion in taxes annually, Sorkin said during the interview.

Do American billionaires really have to pay more taxes?

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Warren responded on Twitter that she'd be more than willing to talk with Gates about her wealth tax. Elizabeth Warren's (Mass.) proposed "wealth tax" on net worth seems a bit too extreme.

Given that wealth consolidation has been such a hot topic this election season, it's no surprise that Gates's comments reverberated online nearly immediately, with some expressing anti-billionaire comments and others defending him.

"I'm always happy to meet with people, even if we have different views.if we get the chance, I'd love to explain exactly how much you'd pay under my wealth tax". "I'm good at innovation. and it's very much a full-time job", he said. (New York State Division of Criminal Justice Services/Handout via Reuters) Bill and Melinda Gates talk to reporters in New York on February 22, 2016.

Data from Warren's campaign indicates that "the richest 130,000 families in America now hold almost as much wealth as the bottom 117 million families combined".

Warren has campaigned heavily using her rallying cry that "it's time for the rich to pay their fair share".

Invoice Gates mentioned Wednesday that he "made a mistake" when he determined to fulfill with convicted pedophile Jeffrey Epstein whereas in search of cash for his global well being marketing campaign.

Many members of the House and Senate "wouldn't allow" Warren's policies to pass, but this isn't stopping the field of Democratic candidates looking at ways to tax the wealthy more, he said.

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