Bill Gates: Alexandria Ocasio-Cortez wealth tax idea misses the point

  • In an interview with The Verge, Microsoft founder Bill Gates says he supports “more progressive” taxes on the rich, but proposals targeting high income brackets, like a plan from Rep. Alexandria Ocasio-Cortez, are missing the point.
  • Ocasio-Cortez, a Democratic socialist, has proposed a 70 percent marginal rate on income over $10 million.
  • Gates says tax policies should focus on taxing wealth rather than income since the super rich tend to have more of their wealth tied up in assets instead of income.

Source: Bill Gates: Alexandria Ocasio-Cortez wealth tax idea misses the point

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