Gates: Imposing a capital profit tax is the best way to curb the super rich

Driven by the high deficit level and the high level of debt issuance, the US national debt accelerated its growth, surpassing the $22 trillion mark for the first time last week. In the face of the country's huge budget deficit, Bill Gates, the founder of the world's richest man and Microsoft (108.22, 1.32, 1.23%), said that "wool" should be embarrassed from the rich.

On Sunday, February 17, Gates warned in an interview with CNN that "our income is only 20% of GDP, but spending accounts for 24% of GDP, so we can't let the deficit grow faster than economic growth." ”

In his view, if the government wants to impose additional taxation and wants to produce results, it must levy more taxes on the top 1% or the top 20% of the wealthiest in the United States. If so, the government should impose a capital gains tax on the rich.

To put it simply, the above-mentioned taxes are the spread gains obtained from the trading of investors' securities, that is, the capital gains are taxed. Considering that the current tax rate for such taxes is low, only 20%, Gates believes that there is still room for improvement, and that the tax on capital gains and ordinary income at the same rate will eliminate many complexities.