Warren: Don't worry too much about Bill Gates

[crazytown]

I went to Elizabeth Warren's' Calculator for Billionaires' and clicked on Bill Gates
https://elizabethwarren.com/calculator/ultra-millionaire-tax?source=soc-WB-ew-tw
The results are:

BILL GATES WOULD PAY $6.379 BILLION NEXT YEAR UNDER ELIZABETH’S WEALTH TAX.

Bill Gates has a net worth of $107,000,000,000.

Don’t worry too much about Bill Gates - if history is any guide, if billionaires do nothing other than invest their wealth in the stock market, it’s likely that their wealth will continue to grow.

Elizabeth’s wealth tax, which only impacts America’s 75,000 wealthiest families, would generate enough revenue to cover universal child care, quality public education, forgive student loan debt, provide free public college, and help finance Medicare for All.

This is an insult to Gates and my intelligence. if billionaires do nothing other than invest their wealth in the stock market is too cute by half. There are ten billionaires on the list. Would it be too much to ask the Campaign personalize results a little?

I am in favor of a 3% wealth tax.

[pangaia]

1. Invest in the stock market? Hell......

If he bought 1 year T -Bills even now he would make $1,605,000,000 / year !!!!!!

That ain't chopped liver !!!!!!!!!

[crazytown]

3. And what is the ROI on philanthropy?

[Lordquinton]

6. Amazing publicity

If it weren't for people like Bill Gates, we wouldn't need people like Bill Gates. He literally can't give enough back to make up for what he's taken.

[crazytown]

7. You can make that argument about any Billionaire

Gates = Koch

[Hoyt]

8. He'd pay about $500,000 on that. Reverse last two tax cuts, another $90K, or so.

[pangaia]

11. Okay.. $1,604,000,000 + or -..eah, that m8ght start to hurt..

[Hoyt]

12. I'm sure it wouldn't hurt him much, but he is paying more than a lot think.

I’m not a Sanders or Warren taxer, but Gates, etc., are where the easy money is. That’s where I’d start, but we have to think long-term too.

We could take all the 20 percenters’ wealth, but it wouldn’t last us long, especially after that paper wealth plunges by 70% or more when the tax/confiscation starts.

[JoeOtterbein]

2. Agreed on all, except I like Bernie's 4% employee and 7.5% employers payroll tax for MFA.

Spreads the burden where it belongs.

[crazytown]

4. I think the frenzy of criticism about Warren's M4A plan

has very little to do with M4A, and a lot to do with a bevy of inventive taxes on the wealthy.

[JoeOtterbein]

5. To me the critics are so weird. Do they really think they may become millionaires, or more?

Talk about pipe dreams!

[sheshe2]

9. Write a book. nt

[JoeOtterbein]

10. Thanks sheshe (number 1 in my book!), maybe I should.

Thanks again.

[sheshe2]

13. I suggest selling them...

On Amazon and Walmart. You will make the best money there.

[JoeOtterbein]

14. Dang! Ya peeps yaking lik tat & i vote Warren n da Primary!

Thanks! (I'd add sweetie to that if I knew I was permitted,, ya no respect n all!).

Sleep tight, until Trump disrupts Tonight!

[Joe941]

15. Tax them out of existence. No one needs that much money.

[BlueMTexpat]

16. I like much of the work that

Bill and Melinda do with their foundation. And hope that it continues.

He could consider the USD 6 billion+ to the IRS as another foundation gift and would still be doing well financially. He just wouldn't get to write any of this one off.

So no, I certainly never worry about Bill Gates. Financially.