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Bill Gates: Rich Should Pay More Taxes (VIDEO)

First Posted: 01/25/2012 5:21 pm Updated: 01/25/2012 5:21 pm

According to a recent interview, billionaire Bill Gates isn't too upset with the prospect of paying more taxes.

"The United States has a huge budget deficit, so taxes are going to have to go up," the Microsoft co-founder told the BBC. "And I certainly agree that they should go up more on the rich than everyone else. That's just justice."

With President Obama striking a populist tone in his State of the Union Address and Republicans deriding his proposal to tax millionaires at a higher rate as "the politics of envy and division," it seems clear Gates is more inclined to agree with the president on this issue.

Gates has previously advocated for a so-called "Robin Hood tax" on the trading of stocks and bonds to help fight global poverty, according to Politico.

And back in October, Gates told ABC he was "generally in favor of the idea that the rich should pay somewhat more" than everyone else.

But Gates' latest statements on taxing the rich are perhaps his strongest yet.

"I hope we can solve that deficit problem with a sense of shared sacrifice -- where everybody would feel like they're doing their part," Gates went on to tell the BBC. "And right now, I don't feel like people like myself are paying as much as we should."

Via Think Progress

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Filed by Simon McCormack  |