GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Even billionaires likeBill Gateshave something to say about its prominence.
Bill Gates on Wealth Inequality
In an episode of Whats Next?
The Future with Bill Gates, a docuseries on Netflix, Gates explored the topic of wealth inequality.
You want that money to be given back to society, not just consumed.
I think the rich should pay more than they currently do.
Of course, that would still leave him with significantly more wealth than the average American.
Its difficult to predict the exact consequences, but thewealth inequality gapwould likely shrink.
Beyond that, it is hard to imagine where the government would choose to spend the funds.
Take a look at opinions from other prominent individuals below.
According toSanders website, this would only apply to individuals with a net worth of over $32 million.
Presumably, the wealth tax would be on top of theexisting income tax setup.
It would start with a 1 percent tax on net worth above $32 million for a married couple.
That means a married couple with $32.5 million would pay a wealth tax of just $5,000.
These brackets are halved for singles.
They love America and appreciate the opportunity this country has given them.
Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy.
My friends and I have been coddled long enough by a billionaire-friendly Congress.
Its time for our government to get serious about shared sacrifice.
Takeaway
Higher taxes on the wealthy are acommonly discussed issueacross the nation.
Many, including billionaires, claim to want higher taxes on extreme wealth.
But so far, these potential policies havent gone into effect.
More From GOBankingRates
Share This Article:
