Bill Gates
๐ค SpeakerAppearances Over Time
Podcast Appearances
How do you answer that? Therefore, we should 100% tax any wealth above that, and so there wouldn't be any billionaires. No, I disagree with that. Why? Because the goose that lays the golden egg is, hey, start a company, raise money, invest capital in making... An Alzheimer's drug trial costs $500 million. You better create some big upside for eventually somebody succeeding at that. And
How do you answer that? Therefore, we should 100% tax any wealth above that, and so there wouldn't be any billionaires. No, I disagree with that. Why? Because the goose that lays the golden egg is, hey, start a company, raise money, invest capital in making... An Alzheimer's drug trial costs $500 million. You better create some big upside for eventually somebody succeeding at that. And
Building a new nuclear plant costs billions of dollars. And so I have a company that I do for climate reasons that's trying to create a cheap and safe nuclear fission reactor called TerraPower. And if the people involved in that didn't have sort of, you know, great upside, it wouldn't make as much sense.
Building a new nuclear plant costs billions of dollars. And so I have a company that I do for climate reasons that's trying to create a cheap and safe nuclear fission reactor called TerraPower. And if the people involved in that didn't have sort of, you know, great upside, it wouldn't make as much sense.
Building a new nuclear plant costs billions of dollars. And so I have a company that I do for climate reasons that's trying to create a cheap and safe nuclear fission reactor called TerraPower. And if the people involved in that didn't have sort of, you know, great upside, it wouldn't make as much sense.
You know, if I was in charge of the tax system, I would have paid... three times as much in taxes as I've had. I paid $14 billion, which is probably a record.
You know, if I was in charge of the tax system, I would have paid... three times as much in taxes as I've had. I paid $14 billion, which is probably a record.
You know, if I was in charge of the tax system, I would have paid... three times as much in taxes as I've had. I paid $14 billion, which is probably a record.
Yeah, to the U.S. government. And there are ways I could have done things to lower that number, but I didn't choose to. But I should have paid more. But I wouldn't outlaw billionaires. I think that really makes you divide. It leads to all sorts of weird things. And I don't think when we look at society, I think we should look at the safety net of
Yeah, to the U.S. government. And there are ways I could have done things to lower that number, but I didn't choose to. But I should have paid more. But I wouldn't outlaw billionaires. I think that really makes you divide. It leads to all sorts of weird things. And I don't think when we look at society, I think we should look at the safety net of
Yeah, to the U.S. government. And there are ways I could have done things to lower that number, but I didn't choose to. But I should have paid more. But I wouldn't outlaw billionaires. I think that really makes you divide. It leads to all sorts of weird things. And I don't think when we look at society, I think we should look at the safety net of
more than, yes, if some people are rich, they're going to spend the money in crazy ways. That's part of what freedom lets people do. And yes, progressive taxation systems, at some level, you should pay a very high rate, including on investments, which is where the very, very, very big fortunes are made. And, you know, weirdly, investments are taxed at a lower rate than ordinary income.
more than, yes, if some people are rich, they're going to spend the money in crazy ways. That's part of what freedom lets people do. And yes, progressive taxation systems, at some level, you should pay a very high rate, including on investments, which is where the very, very, very big fortunes are made. And, you know, weirdly, investments are taxed at a lower rate than ordinary income.
more than, yes, if some people are rich, they're going to spend the money in crazy ways. That's part of what freedom lets people do. And yes, progressive taxation systems, at some level, you should pay a very high rate, including on investments, which is where the very, very, very big fortunes are made. And, you know, weirdly, investments are taxed at a lower rate than ordinary income.
Anyway, you know, my dad and I were the two big proponents of the estate tax, which was a very lonely thing. You know, we had a year there was no estate tax. So, you know, I'm closer to Bernie than I am to the current system, but I'm not out there where Bernie is because why is the U.S. more innovative than other countries? I do think there's something there.
Anyway, you know, my dad and I were the two big proponents of the estate tax, which was a very lonely thing. You know, we had a year there was no estate tax. So, you know, I'm closer to Bernie than I am to the current system, but I'm not out there where Bernie is because why is the U.S. more innovative than other countries? I do think there's something there.
Anyway, you know, my dad and I were the two big proponents of the estate tax, which was a very lonely thing. You know, we had a year there was no estate tax. So, you know, I'm closer to Bernie than I am to the current system, but I'm not out there where Bernie is because why is the U.S. more innovative than other countries? I do think there's something there.
Well, I was about 10 when they first sent me to see Dr. Cressy. And I decided, you know, I could kind of figure things out myself. And I was getting better at cards than these adults. And their rules seemed very arbitrary to me. And I thought, you know, why that bedtime? Why those weird manners? And there was just some rigidities that I thought, no, I'm going to say no to this.
Well, I was about 10 when they first sent me to see Dr. Cressy. And I decided, you know, I could kind of figure things out myself. And I was getting better at cards than these adults. And their rules seemed very arbitrary to me. And I thought, you know, why that bedtime? Why those weird manners? And there was just some rigidities that I thought, no, I'm going to say no to this.
Well, I was about 10 when they first sent me to see Dr. Cressy. And I decided, you know, I could kind of figure things out myself. And I was getting better at cards than these adults. And their rules seemed very arbitrary to me. And I thought, you know, why that bedtime? Why those weird manners? And there was just some rigidities that I thought, no, I'm going to say no to this.