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Bill Gates Sr. supports raising tax on the rich.

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 11:31 AM
Original message
Bill Gates Sr. supports raising tax on the rich.
http://www.latimes.com/news/nationworld/nation/la-na-washington-tax-20100926,0,2996414.story
<snip>
"Some people say Initiative 1098 is about soaking the rich. But it's really about doing something for the next generation," Gates says. "You see, state cutbacks have put our kids at risk, and we can't just sit here and do nothing about it."


<snip>
"The real impetus is the huge, crying need for funding our education system. And immediately related to that is the opportunity to make a little move in the direction of changing the terrible regressivity of our sales tax," Gates, co-chairman of his son's philanthropic foundation, said in an interview.

Gates said skewing taxes toward the rich is nothing new.

"I have a very clear recollection of the days when we took for granted an income tax rate on the highest earners of 90%, 70%, at times when our country was just motoring along in very good style," he said. "The notion of adding a couple of points to a 35% rate — it isn't going to change the world."

....more
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Cirque du So-What Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 11:42 AM
Response to Original message
1. Warren Buffett supports higher taxes on the rich as well
Along with others interviewed for this NPR article:

http://www.npr.org/templates/story/story.php?storyId=125918497

Good to see that some of the 1%ers realize that higher taxes are in the public interest.

Not surprisingly, a neocon asshole with the American Enterprise Institute - Alan Viard - flails about aimlessly in an effort to justify his greed.
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PoliticAverse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 04:58 PM
Response to Reply #1
2. Before praising Buffett and Gates...
you might want to investigate their use of tax-exempt foundations to avoid paying taxes on their massive wealth.

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KansasVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 05:53 PM
Response to Reply #2
3. And he also gets tax breaks on the BILLONS he donates to charity!
The bastard!
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rustydog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:26 PM
Response to Reply #2
4. And That EVIL Gates has pledged (along with Buffett) to
Leave HALF of their Billions to charity when they die.

Evil bastards.....:evilgrin:
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KansasVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:28 PM
Response to Reply #4
5. Don't use logic against the Gates haters! They just hate him like they hate the Koch's!
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:31 PM
Response to Reply #4
7. Heaven forbit they'd use it to help someone while they are
still alive. Gee they are swell fellas.

Rich people worship on the new DU - typical.
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KansasVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:31 PM
Response to Reply #7
9. So your claim is Gates has not donated any money to charity?? Please say yes!!!
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:32 PM
Response to Reply #9
11. We just covered that with our discussion of his
tax-exempt foundations. Try to keep up ...
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:30 PM
Response to Reply #2
6. Would also suspect that it's simply good PR for them -
easy for them to afford (especially since they use tax-exempt foundations and who knows what other methods to avoid taxes...) but they are also very visible. If you're looking for a list of people to be annoyed at, they are at the top of it.
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KansasVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:31 PM
Response to Reply #6
8. So where are the GOP rich people pledging the same to look good?
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TBF Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:31 PM
Response to Reply #8
10. Do you really think Bill Gates votes Dem? lol nt
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Sen. Walter Sobchak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-27-10 06:55 PM
Response to Reply #2
12. You should investigate Gates Sr.
I think you would be pleased when you learn more about the man and what he has done.
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