Browsers may block some cookies by default. Click accept to allow advertising partners to use cookies and serve more relevant ads. Visit our privacy policy page for more information.
featured-bill-gates-1573142624122.jpg
Source: YouTube

Bill Gates won't commit to backing Warren over Trump because of 'wealth tax' concerns

By

Speaking in conversation with Andrew Ross Sorkin at the New York Times DealBook Conference, Microsoft founder and multi-billionaire Bill Gates expressed concern about the "wealth tax" proposed by Democratic presidential candidate Elizabeth Warren. Bill Gates is one of the wealthiest men in the world; his current net worth lies around $108 billion, which is an unthinkable amount of money. 

Yet when confronted with the possibility of paying more taxes, he bristled at the notion and even refused to say that he would back Elizabeth Warren over Donald Trump if they were the two candidates in the 2020 election. When Sorkin asked about his thoughts on the "wealth tax," Gates said, "I've paid over $10 billion in taxes. I've paid more than anyone in taxes. 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 over what I have leftover." 

That may seem like a reasonable statement to the average person, but let's take a second to talk about how much a billion dollars actually is. Because it's not just a million with a "b" in front.