Billionaires Want to Pay More Tax
Imagine a world where we all worked together — including the top 1% — to enable equality and equity.
According to the Credit Suisse Global Wealth Report 2021, there were 56.1 million millionaires in the world in 2021. And in 2020, while frontline health workers (70% women) battled the pandemic, 5.2 million new millionaires emerged. As for billionaires, eight new ones every week reported Business Standard.
“The comfort of the rich depends upon an abundant supply of the poor.”- Voltaire
It’s not a surprise that Jeff Bezos and Elon Musk are not part of the group of 102 millionaires and billionaires who want to pay their fair share of tax. Can you believe it? It’s not breaking news.
Both Gates and his wife want a tax system where people with more money pay more tax, including themselves. Although Bill Gates has paid over $10 billion more than other ultra-wealthy people in his lifetime, he said it wasn’t enough. In a 2018 interview with CNN’s Fareed Zakaria, he stated:
“I need to pay higher taxes.”
Other uber-rich people who want to pay their fair share are Mark Cuban, Warren Buffet, and hedge fund manager Ray Dalio.
