Bill Gates: Taxing the rich is fine, but 'extreme' politicians like Alexandria Ocasio-Cortez are missing the point by focusing on income
https://www.cnbc.com/2019/02/12/bill-gates-supports-wealth-tax-like-aoc-but-income-is-a-misfocus.html
Bill Gates supports a "more progressive" tax policy on the rich, but he thinks proposals targeting high income brackets, like the policy proposed by freshman liberal Rep. Alexandria Ocasio-Cortez, D-N.Y., are missing the point.
Ocasio-Cortez has pushed raising the top marginal tax rate to 70 percent on income over $10 million. The top marginal rate is currently 37 percent. But Microsoft founder Gates, without mentioning Ocasio-Cortez by name, said this kind of approach is "a misfocus. If you focus on that, you're missing the picture."
Bill Gates: Taxing the rich is fine, but 'extreme' politicians like Alexandria Ocasio-Cortez are missing the point by focusing on income
Feb 12, 2019, 3:47pm UTC
https://www.cnbc.com/2019/02/12/bill-gates-supports-wealth-tax-like-aoc-but-income-is-a-misfocus.html
> Bill Gates supports a "more progressive" tax policy on the rich, but he thinks proposals targeting high income brackets, like the policy proposed by freshman liberal Rep. Alexandria Ocasio-Cortez, D-N.Y., are missing the point.
> Ocasio-Cortez has pushed raising the top marginal tax rate to 70 percent on income over $10 million. The top marginal rate is currently 37 percent. But Microsoft founder Gates, without mentioning Ocasio-Cortez by name, said this kind of approach is "a misfocus. If you focus on that, you're missing the picture."