Bill Gates: 'Extreme' Alexandria Ocasio-Cortez's Tax Reforms Would ‘Create Tax Dodging’
- He conceded that taxes could be higher, or “more progressive”.
- However, focusing on ordinary income tax was misguided.
- This was a not-so-subtle reference to one of Congress’ newest members Alexandria Ocasio-Cortez who proposed a 70 percent tax rate for the highest earners.
- The main problem with an exorbitant income tax rate for the ultra-wealthy is that the ultra-wealthy don’t earn ordinary income.
- Hedge fund people, various people — they aren’t paying that ordinary income rate.
- You do start to create tax dodging and disincentives, and an incentive to have the income show up in other countries and things.
- We have a government that’s spending more than it’s taking in, so the idea that at some point, if you want to avoid massive inflation, you need to probably raise more money.
Billionaire Richard Branson: Taxing the extremely wealthy like me 'makes sense'
- Billionaire entrepreneur and philanthropist Richard Branson said Thursday that taxing the rich "makes sense," arguing the extremely affluent have a responsibility to tackle some of the biggest problems in the world, including wealth disparities.
- On Capitol Hill, Democrats such as Massachusetts Sen. Elizabeth Warren and New York Rep. Alexandria Ocasio-Cortez are pushing the wealthy to pay their "fair share of taxes." Warren — who on Saturday formally launched her 2020 Democratic run for president — is proposing an additional 2 percent tax every year on households with assets over $50 million and 3 percent on households with assets over $1 billion.
- In an interview this week with The Verge, Gates said he supports "more progressive" taxes on the rich, but proposals targeting high income brackets, like a plan from Ocasio-Cortez, are too narrow.
Melinda Gates has some great advice on how working parents can reduce stress
- Melinda Gates is best known as a philanthropist running one of the world's largest charitable foundations with her husband, Bill.
- She owns and runs a company called Pivotal Ventures, which invests in and incubates projects that fall outside the foundation's mandates.
- And she's got a great piece of advice for working parents: meditate for a few minutes every day, particularly a few minutes before you come home each evening.
- Headspace is a popular app that promises to make meditation easy, with guided meditations that focus on things like stress, anxiety, focus, and sleep.
- Bill and Melinda liked his work so much, they called him up and he gave the Gates family some personal mediation lessons.
- Gates has found that 10 minutes a day with Headspace makes all the difference in reducing stress, increasing focus and improving sleep.
- "And the better you sleep the less stressed you are," she says.
What Bill Gates doesn't like about the Trump administration
- Tech titan turned powerful philanthropist Bill Gates, long concerned about the Trump administration's efforts to slash US foreign aid, says congressional efforts to thwart that goal are "a great thing".
- While Melinda Gates often comes off as the impassioned heart of the foundation (to hear her talk about visiting remote villages in Burkina Faso is to want to hop on a plane and join her), Bill Gates prefers to fly the rational flag of science, championing tech innovations as the solution to some of the planet's most pressing problems, beginning with climate change.
- While he jokes in the letter that he "never thought he'd be writing about bovine flatulence", Bill Gates says the planet needs to strive for zero emissions in all five key areas: agriculture, electricity, manufacturing, transportation and buildings.
Bill Gates Described How The World Can and Will Be Better
- By looking at more than 40,000 samples voluntarily submitted by 23andMe users, scientists discovered a potential link between preterm labor and six genes—including one that regulates how the body uses a mineral called selenium.
- Preterm birth affects mothers in every part of the world—although some groups experience it at a higher rate and premature babies in low-income countries are much more likely to die than ones in richer countries.
- Nearly eight years ago, Gates challenged engineers and scientists around the world to reinvent the toilet.
- And exporting rich-world sanitation solutions isn’t an option, because they require sewer systems that are too expensive to build and need a lot of water.
- Their inventions check almost all the boxes: They kill pathogens, can keep pace with the needs of fast-growing urban areas, and don’t require sewer infrastructure, external water sources, or continuous electricity to operate.
Jeff Bezos shot straight to the top of a ranking of America's biggest donors — here's how much tech moguls gave away to good causes in 2018
- The Chronicle of Philanthropy has published its ranking of the top 50 US donators to philanthropic causes in 2018.
- Salesforce CEO Marc Benioff caused a stir this year in his avid support for philanthropic efforts in San Francisco, notably backing Proposition C, a tax on big tech companies that will deploy the money it raises to addressing the city's homelessness problem.
- Benioff and his wife Lynne also gave away $100 million of their personal fortune this year.
- They gave $138 million to philanthropic causes in 2018, plugging money into global health, education, and advocacy projects, according to the Chronicle.
- Former Microsoft CEO Steve Ballmer and his wife Connie gave away $295 million to philanthropic causes in 2018.
- Jeff and his soon-to-be-ex-wife Mackenzie Bezos were new entrants to the Chronicle of Philanthropy list — and they went straight in at number one overall.