Thursday, November 7, 2019

Bill Gates is Nervous About Elizabeth Warren's Wealth Tax...

Bill Gates he should be.

Elizabeth Warren hates wealth.

At a forum in New York, Gates commented to  New York Times writer Andrew Ross Sorkin about  Warren's wealth tax:
If I had to pay $20 billion, it’s fine. But when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over.

Gates is worth approximately $107 billion.

Sorkin asked Gates if he’d consider sitting down with the 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,” Gates said.

In a way, I am glad she is promoting a wealth tax. It must be understood it is only one of her many statist central planning proposals.

If she hadn't proposed the wealth tax, she might not have woken the establishment big dogs. But with the attack on wealth, the big dogs are in our corner on this one and want her out of the running.

All the Democratic candidates are bad but she is, by far, the worst.



  1. Warren wants to talk with Bill Gates about this. She has promised him that he wouldn't owe $100 billion. But if Gates were able to maintain his current level of wealth over the next 16 years, he would in fact pay over $100 billion just in wealth taxes during those 16 years according to Warren's proposed 6% tax on wealth exceeding one billion dollars.

  2. I guess we would all be stuck with Windows 10 in perpetuity, although no doubt rebranded.

  3. Bill should renounce his citizenship and leave the US now and take his wealth with him. And, I don't mean that flippantly. I want him to keep his money and to do that, he should get out now.

    1. I'm not sure the rate, but there is a massive "exit tax" on all your assets if you renounce US citizenship

    2. That would be great, because not only would the Democrats freak out and call him all sorts of names, so would republicans, including Trump, who would probably call him a traitor and demand some sort of law be passed to put a wall up to prevent Americans from leaving. “America is the reason you were able to get wealthy, you owe America!” And of course by America, they would mean the State.

    3. @Danger Pioneer -

      Is that in place now? I thought that was something Elizabeth Warren had proposed...

    4. @Danger -

      Yep, my mistake. There is an exit tax. Should have known as much. Looks like net capital gains can be taxed at a rate as high as 23.8%.

      The US government screws you coming and going.

    5. At this point just steal it like the Saudi's do with their citizens. The USSA is legislating its way to state sponsored theft anyway.

  4. I’m surprised Gates is saying anything about paying too much. He ought to know that he and his billionaire friends will be able to have bookkeeping and reporting tweaks enacted and or overlooked so they can protect their assets. History has shown that taxes collected have been between 17 and 20 percent of GDP no mater tax rates.

    As POTUS if Warren is not “willing to sit down with somebody who has large amounts of money,” she will end up taking the JFK limo ride.