Bill Gates Advocates Higher Taxes, While Famoulsy Using His Charitable Foundation As A Tax Haven Of Sorts

Business,Celebrity,Taxation,Technology

What a so-and-so! Bill Gates, like Messrs. Buffett, Zuckerberg and Musk, shovel their “fortunes into a charitable foundation,” which “has the happy side-effect of reducing tax bills, too—meaning that billionaires’ schemes can leave poorer taxpayers to fill in the gaps in public spending.”—The Economist, “Billionaires and the Falcon Heavy.”

“He’s learned the art of virtue-signaling hypocrisy from his bridge buddy,” mocks investor Clifford Asness.

Microsoft founder and billionaire … Gates says he should pay more in taxes and that the government should require other superwealthy people like him to contribute “significantly higher” amounts.
“I need to pay higher taxes,” Gates, who is worth over $90 billion, said in an interview with CNN’s Fareed Zakaria on Sunday.
“I’ve paid more taxes, over $10 billion, than anyone else, but the government should require the people in my position to pay significantly higher taxes,” he said.

“Billionaire Bill Gates says he should pay ‘significantly higher’ taxes.”