Reported 5 days ago
In his new Netflix series, Bill Gates proposes a more progressive tax system that could significantly reduce the wealth of America's richest individuals, suggesting that 70% of them would see their fortunes diminish under his plan. Gates argues for a larger role of the estate tax and believes increased taxation on the wealthy can support universal health care, housing, and education without stifling innovation. His views were echoed in a discussion with Senator Bernie Sanders, who advocates for a 60% tax increase on America's wealthiest citizens.
Source: YAHOO