Gates’ wealth is safe...he makes little income.
Until these socialists go after wealth and not income, they are not serious about redistribution.
> Until these socialists go after wealth and not income, they are not serious about redistribution. <
That will absolutely be the next step. There are already some Democrats in Congress talking about seizing IRAs, and replacing them with Treasury notes (in other words, with IOUs).
And Gates should worry about more than just that. Socialists just LOVE to nationalize industries. And Microsoft is an industry.
Elizabeth Warren proposed a wealth tax (not income tax) of 2% for wealth between $50 million and $1 billion and 3% of any above $1 billion, annually.