Re:The Faux Generosity of the Super-Wealthy: Why Bill Gates ...
by nostromo on Wednesday May 26, 2021 @02:11AM
(#27286976)
I mostly admire Bill, but agree the hero worship is ridiculous.
The fact that he found a 1% tax on the wealth of the super-rich so objectionable while advocating for tax increases (that hit the middle-class and upper-middle-class much worse than 1%) revealed how he really feels about wealth inequality.
Besides, his wealth grows at 8% or so a year, thanks in part to the Federal Reserve’s policies, and he still thinks 1% is too high. His bottom line would still grow by billions a year, just slightly slower.
The fact that he found a 1% tax on the wealth of the super-rich so objectionable while advocating for tax increases (that hit the middle-class and upper-middle-class much worse than 1%) revealed how he really feels about wealth inequality.
Besides, his wealth grows at 8% or so a year, thanks in part to the Federal Reserve’s policies, and he still thinks 1% is too high. His bottom line would still grow by billions a year, just slightly slower.