Bill Gates, the world's second-richest person behind Amazon founder Jeff Bezos, wants rich people to pay higher taxes.
"We've updated our tax system before to keep up with changing times, and we need to do it again, starting with raising taxes on people like me.".
Billionaire Bill Gates wants rich people to pay higher taxes.
"We've updated our tax system before to keep up with changing times, and we need to do it again, starting with raising taxes on people like me," he said.
Gates is worth about $113 billion, making him the world's second richest person behind Jeff Bezos, according to Bloomberg's billionaires index.
The US government needs to levy higher taxes to fulfill its obligations, as it collects about 20% of GDP in taxes, but spends about 24%.
"In the 1970s, when Paul Allen and I were starting Microsoft, marginal tax rates were almost twice the top rate today," he wrote. »