Microsoft founder and billionaire Bill Gates says he should pay more in taxes and that the government should require other superwealthy people like him to contribute “significantly higher” amounts.
“I need to pay higher taxes,” Gates, who is worth over $90 billion, said in an interview with CNN’s Fareed Zakaria on Sunday.
“I’ve paid more taxes, over $10 billion, than anyone else, but the government should require the people in my position to pay significantly higher taxes,” he said…
Recently, the IRS reported the average tax rate of the top 400 highest earning Americans. With average earnings of $200 million per filer, you might think this group paid a tax rate close to the maximum, but you’d be wrong. In 2009, this elite group enjoyed an average tax rate of just 19.9% – closer to someone […]
RootsAction is reporting: News from France: Conservative President Nicolas Sarkozy announced this weekend that he would take the lead in introducing a Financial Transaction Tax in his country. Referring to the tax as a “moral issue” and blaming deregulation and speculation for the global economic crisis, Sarkozy has said financial traders must “repay for the […]
Originally published by CounterPunch – Editor Jeffery St Clair http://www.counterpunch.org/2012/05/07/hedges-vs-the-black-bloc-round-two/ by MARK TAYLOR-CANFIELD A recent article by Chris Hedges is once again causing heated arguments among activists in the Occupy Wall Street movement. “Black Bloc: The Cancer in Occupy,” was published in his syndicated Truthdig.com column back in February, but folks are now talking about […]