Bill Gates thinks taxes can be higher.
Speaking on The Vergecast this week, Gates said that while marginal tax rates in the United States can be “more progressive” — higher, in other words — there are now some politicians who are “so extreme” their proposals would lead to wealthy people hiding income and stashing it offshore. That’s a clear reference to new members of Congress like Rep. Alexandria Ocasio-Cortez, who had just suggested a new top tax rate of 70 percent in the week before Gates sat for this interview.
Gates also said that the world’s wealthiest people only have a “rounding error” worth of actual income compared to their wealth — they don’t have a lot of…
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