According to Forbes, Bill Gates is the second richest person in the world with a net worth of ৮ 107.6 billion. He has also been the richest man in the world more than once. But Bill Gates is not relieved to be the owner of this huge amount of money.
As Bill Gates wrote in a recent blog post, his nearly ৯ 109 billion fortune proves that his country's economy is in trouble. What does this mean? Do you think Bill Gates thought his fortune was going to be even bigger? Or does he just not pay attention when you tell him something to do? Think for 10 seconds, then match your answer with the rest of this post.
Well, I'm assuming you've figured out something. Now let's find out what Bill Gates thinks.
"The gap between high and low incomes in the United States is much wider than it was 50 years ago," Gates wrote in a blog post published on New Year's Eve 2020. Bill Gates thinks he has made an disproportionate amount of money for his work where many other people are struggling to make a living.
This is not just a US problem. Oxfam, an international organization working on global poverty alleviation, says the gap between the incomes of the upper class and the lower class is widening worldwide. Those who are wealthy are becoming more wealthy. Low-income people are struggling to make a living.
To solve this problem, Bill Gates thinks that the government should increase the amount of taxes imposed on the wealthy. "I think rich people should pay more (taxes) than they do now, and that includes me and Milinda (Bill Gates' wife)," he wrote.
In that blog, Bill Gates writes that more tax should be levied on the "capital gain" of investors. None of the world's richest people have amassed wealth through paid employment alone, and that's why Gates believes the government should raise taxes on capital more than on labor.
Gates added that the trend of leaving huge amounts of wealth for children is not good for anyone. We need to focus on encouraging the next generation to contribute to work and the economy.
According to Bill Gates, co-founder of Microsoft, additional assets need to be reinvested in society through higher taxes or public works.
And that's why Bill Gates thinks that his huge wealth of money proves that the economic system is not fair. That's why he's made so much money for his work. He is referring here to the economic system of the United States, but this may also apply to other countries in the world.
Bonus: Some incredible information about Bill Gates that you didn't know
Bill Gates has pledged to spend most of his resources on public welfare. He and his wife co-founded the Bill & Melinda Gates Foundation. You can read this post to know about the beginning of Bill Gates' public welfare activities.
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