Bill Gates says his $109 billion net worth shows the economy is not fair. (via CNBCMakeIt)
invites billionaires to commit to giving away the majority of their money to charity, and both the Gates and Buffett have made the pledge.
"I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy,""Most wouldn't mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering," Buffett added.
Fundamentally, whether through taxes or philanthropy, extraordinary wealth needs to be reinvested in society, according to Gates. "Melinda and I believe that driving progress is wealth's highest purpose," Gates wrote in Tuesday's blog post. "Our wealth comes with an obligation to give back to society, and in 2020, we're committed to continue living up to that obligation: through our taxes, through our foundation, and through our personal giving."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Gates calls for higher taxes on wealthy in NYE blog post - Business Insider'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.'
Read more »
Here’s a way you can help fight Alzheimer’s | Bill GatesI like to make bread. It should be easy. Man has been doing it for years! The problem is that if you dont treat it with respect it can all go horribly wrong and you end up with a brick and not a loaf!
Read more »
Bill Gates calls for higher taxes on the richBill Gates, who routinely ranks as one of the world’s wealthiest people, is echoing Democrats’ calls for higher taxes on the rich
Read more »
Bill Gates Urges Lawmakers To Raise Taxes On America’s Ultra-RichThe world's second-richest person called on billionaires to pay higher taxes in order to combat growing wealth inequality.
Read more »
Bill Gates Urges Lawmakers To Raise Taxes On America’s BillionairesThe world's second-richest person called on billionaires to pay higher taxes in order to combat growing wealth inequality.
Read more »
'The rich should pay more' — Bill Gates calls for higher taxes on the wealthy in New Year's Eve blog post | Markets InsiderBill Gates, the world's second richest person under Amazon founder Jeff Bezos, wants rich people to pay higher taxes. 'We've updated our tax sys...
Read more »