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9853517 February, 2019
With a net worth of $97 billion, capitalism has been good to Microsoft co-founder Bill Gates, and he thinks it's a good system.
Still, "There's no free lunch here. You'd have to collect more money." That money should come from rich people in the form of higher taxes, he said.
While Gates is in favor of making changes to the current tax code, he says he supports capitalism as a market framework, despite recent backlash and talk of socialism. He explains why, in the link in bio.
2,042416 hours ago
I know I know! It’s not good to get a big tax return because it means we loaned the government our money for free - got it! But secretly I can’t help myself from hoping I get something back.😳😂
Are you a perfect 0 return or a refund kinda DFCer? No judgements here!
Happy Meme Monday! #debtfreecommunity
Charlie Munger, Warren Buffett’s right-hand man at Berkshire Hathaway, said that places like New York City, California and Connecticut have been very “stupid” for driving rich people away. “They are old, they keep your hospitals busy, they don’t burden your schools, police departments or prisons. Who wouldn’t want rich people?” Munger was answering a broad question about whether some cities and states need to make their tax structures and regulations more attractive to wealthy individuals and businesses.
What do you think? Should cities and states be more welcoming to the wealthy? Leave your thoughts in the comments below, or visit the link in bio to learn more. *
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0032 minutes ago
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The Trump tax cuts were supposed to create growth that would outweigh the loss in tax revenue. Almost every report said that would not be the reality. It looks like most people were correct. The deficit has widened and the Trump administrations claims were wrong.
We have tried trickle down economics in the past and it has failed. We are trying it again and I doubt we get a different result.
✔️Do you agree with the Trump tax cuts?
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