VIDEO: Bill Gates slams Elizabeth Warren’s wealth tax proposal, Warren responds
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Microsoft founder and billionaire Bill Gates on Wednesday criticized 2020 White House hopeful Sen. Elizabeth Warren’s (D-MA) wealth tax proposal, stating that it left him doing “a little math about what I have left over.”
“I’ve paid over $10 billion in taxes. I’ve paid more than anyone in taxes,” Gates, who has an estimated networth of $107 billion, said at the New York Times DealBook conference. ”If I had to pay $20 billion, it’s fine.
The article goes on to state the following:
“But when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over,” he added.
WATCH his comments below, scroll down for Warren’s response.
Here’s what Bill Gates had to say yesterday about Elizabeth Warren’s wealth tax, plus his thoughts on a potential Warren vs. Trump decision in 2020. #DealBook https://t.co/aYsCPUL3b7 pic.twitter.com/rWrIj8fSO8
— CNBC (@CNBC) November 7, 2019
Gates on whether he’d meet with Elizabeth Warren:
“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.”
— Teddy Schleifer (@teddyschleifer) November 6, 2019
Bill Gates says he’s open to taxing philanthropic gifts to private foundations.
— Teddy Schleifer (@teddyschleifer) November 6, 2019
Bill Gates on why he doesn’t spend his billions on U.S. elections:
“I choose not to participate in large political donations. There are times it might feel tempting to do so. And there are other people who choose to do so. But I just don’t want to grab that gigantic mega-phone.”
— Teddy Schleifer (@teddyschleifer) November 6, 2019
Bill Gates:
“You really want the incentive system to be there, and you can go a long ways without threatening that.”
— Teddy Schleifer (@teddyschleifer) November 6, 2019
Warren responded to Gates, tweeting, “I’m always happy to meet with people, even if we have different views. @BillGates, if we get the chance, I’d love to explain exactly how much you’d pay under my wealth tax. (I promise it’s not $100 billion.)”
I’m always happy to meet with people, even if we have different views. @BillGates, if we get the chance, I’d love to explain exactly how much you’d pay under my wealth tax. (I promise it’s not $100 billion.) https://t.co/m6G20hDNaV
— Elizabeth Warren (@ewarren) November 7, 2019
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