What a jerk.
If he thinks he caused it, he should liquidate his entire wealth and contribute all of the proceeds to the Salvation Army.
What a POS, rich or not.
Tax “consumption”....yeah...now that he has all HE needs...pity the young
“...suggested the problem could be fixed by reducing taxes on employers and raising taxes on employees.”
Huh?
There is something to his proposal to eliminate taxes on something society wants, more employment, and replacing that with consumption taxes. Although Gates speaks out of both sides of his mouth since he is a big proponent of bringing in millions of cheap foreign labor. Taking his views as a whole he wants the gov’t to cut taxes on employment making it easier for him to hire cheaper foreign labor.
This is absolutely true. The rest is carp. What we need to do is get all levels of government off the back small businesses.
Many of these "low-skill" Americans would create their own jobs and small businesses if it weren't impossible to open up so much as a lemonade stand without the bureaucracy taking several pounds of flesh for each and every license and permit.
I think we should switch to 4 10-hour days work week
I would do anythign for 3 day weekends each week
including have time to work on my startup businesses
“The Microsoft founder, whose net worth is $76 billion, suggested the problem could be fixed by reducing taxes on employers and raising taxes on employees...”
How about instead we take Bill Gates’ $76 billion and give everyone who ever purchased a Microsoft product $10,000 per product for their pain and suffering. So if you suffered through Windows 95, Windows 98, Windows XP, and Windows 7, Bill Gates would be required to cut you a check for $40,000. Then any leftover money could be used to hire every out of work IT person to fix all the Microsoft products that are still messing with our daily lives. That is how you start to fix the economy.
Well since technology is the problem Tax the tech companies....
Let’s hope this jerk never runs for public office. He could help solve the problem he sees by pulling all his products off the market. I think I would still be able to type and proofread my own letters without his help. I was able to do that before he was born.
He doesn’t see his contributions of wealth and influence in Common Core will accelerate the problem of unemployment? Heck, when Common Core gets done with students, it will take all day for a prospective employee to complete an aptitude exam; if one is even needed in today’s world.
He's supporting and agenda in search of a villain to blame.
This entire big government crowd needs to get their “population control via smothering gov’t regulations” agenda, the hell out of the way, and let the private sector provide the technical and market solutions to our energy and employment problems.
Consumption taxes places the tax burden disproportionately on the lower incomes, because those who earn less money uses a greater percentage of their income for consumption purposes.
How about we just reduce taxes on everyone?
Hey Bill, we need a consumption tax on EVERYBODY at the SAME rate.
Abolish the IRS, eliminate the tax code, eliminate the income tax.
Sit back, watch the economy roar.
It’s a good thing they don’t tax stupid.
Maybe he would feel better about Hillary’s WEALTH tax.