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Does Bill Gates, the sixth richest person in the world with a net worth of $163 billion, think he is too rich?
Gates avoided appearing in a September episode of the Netflix series “What's Next?” The future with Bill Gates” to answer with “yes” or “no”. Instead, he declared that it was “kind of crazy” that billionaires even existed.
“It's a huge wealth that if you even tried to consume it would be kind of absurd,” he said.
Related: Bill Gates Recommends These Books for Your Summer Reading List
In a podcast episode of “On with Kara Swisher” that aired Monday, Gates explained that if he were in charge of tax policy, he would implement a different tax framework for the super-rich, setting the rate at about 62%.
“I would raise tax rates on rich people significantly higher,” he said in the episode titled “How to Tax the Rich, AI, Misinformation, and the Election.” Referring to Sen. Bernie Sanders, he said, “I wouldn’t .” Make it illegal to be a billionaire. [Bernie Sanders] would take away over 99% of what I have. I would take away 62% of what I have. So that’s a difference.”
Bill Gates. Photo by Mike Lawrence/Getty Images
Gates is a co-founder of the Giving Pledge, an organization founded in 2010 to inspire billionaires to publicly engage in philanthropy. To date, he has donated $77.6 billion through the Gates Foundation.
His ex-wife Melinda French Gates left the Bill & Melinda Gates Foundation in May and announced that she would donate $1 billion to organizations supporting women's rights.
Related: 'There's more to life than just work': Bill Gates delivers emotional message to graduates about learning to take a break
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