Bill Gates says he 'wouldn't be against a wealth tax' — here's how it could affect his fortune. (via CNBCMakeIt)
"I doubt the U.S. will do a wealth tax, but I wouldn't be against it," Gates"If society got behind a wealth tax, yes, you can raise money that way," he told Bloomberg. "Not many countries do it.
In fact, Europe has less today than it had before, partly because if you're a small country, the issue of people leaving, changing their residence, is a fairly big issue." Take Democratic presidential candidate Sen. Elizabeth Warren's proposed wealth tax for example. Warren's plan includes a 2% annual tax on those worth more than $50 million. For billionaires, there would instead be a 3% annual tax.
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