On the heels of President Obama‘s State of the Union address, where he called for the “Buffett Rule”: a requirement that millionaires pay at least 30% of their income in taxes, the richest man in America, Bill Gates, weighed in on solutions to the country’s economic problems. “The United States has a huge budget deficit, so taxes are going to have to go up,” Gates told the BBC. “And I certainly agree that they should go up more on the rich than everyone else. That’s just justice.”
“Is that a message you think that works with other people as wealthy as yourself, or is it just a small circle of friends — yourself, Warren Buffet, a few others,” the interviewer asked Gates.
“Well, I hope we can solve that deficit problem with a sense of shared sacrifice — where everybody would feel like they’re doing their part,” Gates replied. “And right now, I don’t feel like people like myself are paying as much as we should.”
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