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Bill Gates: The super rich should pay more taxes. Do other billionaires agree?

2024-01-20 12:41:35Lifestyle SHKRUAR NGA REDAKSIA VOX

Bill Gates: The super rich should pay more taxes. Do other billionaires agree?

Bill Gates wants ultra-wealthy individuals to pay more taxes, and now a growing chorus of billionaires is agreeing. In his annual Ask Me Anything forum on Reddit last year, the Microsoft co-founder said he was "surprised" that taxes on the rich haven't gone up more.

Gates doubled down on his calls to tax the rich at a panel at the World Economic Forum in Davos this week. He said richer countries should donate more money to developing countries to help correct inequality. "Those who have more, whether states, companies or individuals, should be pushed to be more generous," he said.

It seems others agree, as more than 250 ultra-rich people signed an open letter calling on global leaders to impose a wealth tax. "Our request is simple: we ask you to tax us, the richest in society," the letter says. He also says that taxing the super-rich will not "deprive" their children or "fundamentally change" their standard of living.

Signatories to the open letter include Abigail Disney, whose grandfather Roy O. Disney co-founded the Walt Disney Company. It also includes "Succession" actor Brian Cox and Valerie Rockefeller of the Rockefeller family.

"If the elected representatives of the world's major economies do not take steps to address the dramatic increase in economic inequality, the consequences will continue to be catastrophic for society," the letter states.

A report was published alongside the letter as part of the Proud to Pay More campaign, brought together by Patriotic Millionaires, Patriotic Millionaires UK, TaxMeNow, Millionaires For Humanity and the charity Oxfam. The report includes a note written by Abigail Disney, in which she writes that she was "wrong" to fly alone on her family's private Boeing 737 on trips from California to New York.

The Disney heiress said: "I have since given up private flying and made other adjustments to my routines in an effort to protect the environment." She also partly blamed the richest 1% for contributing to climate change as a result of "private jets, superyachts, gas rods, helicopters and (for the lucky few) private space rockets".


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