Fun fact about Bill Gates and capitalism. Decades ago he retired and began giving all his money away. He’s famous for that. Today he’s worth more money than the day he stopped working. Neat trick.
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How about Bernie’s?
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Sure it would, given it’s now 6% after her M4A plan. More importantly her antitrust and private equity plans would significantly shift resources from financial asset holders to workers.
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Eventually it would, but Gates would no longer be of this earth at that point.
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6% a year won’t make a dent? It would be down 33% in 6 years, and that assumes he wouldn’t have to pay any capital gains tax to liquidate assets to pay it. Are you being dishonest or do you just not understand the tax?
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Being down 33% of $100 billion would still be $77 billion, which is way now money than he or his kids or his grandkids could ever spend
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I can't believe there are still people stupid enough to listen to you.
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Going from $97 billion to $19 billion seems like a bit of a dent. https://twitter.com/gabriel_zucman/status/1190283367456989185 …
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But that's if the tax had been in effect for 40 years.
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