Bill Gates says China a major contributor to global progress

Bill and Melinda Gates think there’s a ‘nationalist case for globalism

Speaking to the Daily Mail, he said, "I have paid more than $10 billion in taxes but I should have paid more". President Donald Trump's tax plan went into effect in January 2018, mandating new income tax brackets for American taxpayers; the top marginal tax rate is 37%.

'The one thing that never gets much press - the IRS shows the statistics for the top 400 people of the highest income and the rate they pay.

But Bill Gates thinks there's a "misfocus" on how the United States government taxes the wealthiest residents, he said during a recent podcast interview with The Verge's Nilay Patel. "So the ability of hedge-fund people, or various people - they aren't paying that ordinary rate, ordinary income rate". Elizabeth Warren has proposed a "wealth tax" that slaps a 2 per cent tax on households worth $50 or more, and 3 percent for those with a fortune worth $1 billion or more. TMZ asked the freshman congresswoman how she feels about Democratic presidential candidates embracing marijuana legalization, and Ocasio-Cortez says that she's happy the party is supporting the issue and she hopes they not only legalize cannabis but also work to fix the damages done by the War on Drugs.

Gates believes that Ocasio-Cortez's plan is too extreme and could influence the rich to put money in offshore accounts.

Instead, he said, lawmakers should focus on things like the estate tax, taxes on capital and Social Security.

YNW Melly's "Murder on my Mind" Skyrockets in Streams After His Arrest
The 19-year-old South Florida rapper, born Jamell Demons , turned himself over to police custody on Wednesday. Henry briefly appeared in bond court Wednesday but was due back in court on Thursday.

Tesla update to include Dog Mode
Additionally, the vehicle's owner will receive an alert on their Tesla mobile app, which will notify them of the incident. The electric auto company has rolled out a new feature created to keep your dog safe when you need to run short errands.

Airbus to halt A380 superjumbo production as sales stall
Emirates now operates an all-widebody fleet of more than 160 Boeing 777 (including 139 777-300ER) and 109 Airbus A380 . Industry experts initially expected A380s to long outlast the 747, which is celebrating its 50th birthday this year.

Gates, who held the title of the richest man on Earth on and off for decades before Amazon CEO Jeff Bezos unseated him previous year, also ripped the increasingly popular modern monetary theory.

The iconic business magnate and philanthropist also dismissed "modern monetary theory" as "crazy talk".

Rep. Pete King, (R-NY) on Thursday blamed "left wing progressive politicians" for Amazon's pull out.

"Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon's corporate greed, its worker exploitation, and the power of the richest man in the world", Ocasio-Cortez, whose district would have been impacted by Amazon's new headquarters, wrote on Twitter.

Related news:

Hot News

isis-killer-beheading-video-story-top Daniel Ricciardo discloses reason behind joining Renault
Feb 15, 2019 - 10:13
He added: "In order for the progression to keep on continuing to be here, we need a number of success stories". I want to put a spring in everyone's step because that's part of my job and also my character.

isis-killer-beheading-video-story-top Spurs chairman Levy to hand Heung-min Son pay-rise
Feb 15, 2019 - 10:13
Forget Harry Kane , forget Dele Alli , Son is Tottenham's lucky charm at the moment. "The first half we played really well".

isis-killer-beheading-video-story-top Amit Shah draws brickbats for holding political meeting despite Pulwama terror attack
Feb 15, 2019 - 08:11
Pakistan , however, was forced to ban Jaish in January 2002, a month after the USA declared it a terrorist organisation. Pakistan-based Jaish-e-Mohammed claimed responsibility of the attack.

isis-killer-beheading-video-story-top New round of China-US trade talks starts in Beijing
Feb 15, 2019 - 07:24
The offer has been met with scepticism from US negotiators, in part because China has long refused to disclose its subsidies. The data shows that January's exports in dollar terms soared by 9.1 percent compared to the same period a year earlier.

isis-killer-beheading-video-story-top Ariana Grande Single Handedly Saved Pop Music
Feb 15, 2019 - 02:59
Putting it in a song makes it very, 'OK". " Thank u, next " is Grande's most cohesive body of work she has put forth yet. Sweetener was released August 17, 2018, and less than six months later, Ariana Grande released thank u, next .

isis-killer-beheading-video-story-top White Sox's $250 Million Machado Supply 'Is not Proper', Padres Renew Effort
Feb 15, 2019 - 00:16
And even though spring training games will soon get underway, don't expect that to speed up the process to sign Harper. If he can't get the deal he wants at 26 years old, he certainly won't at 30 years old or whenever he would next.

isis-killer-beheading-video-story-top Facing opposition, Amazon scraps New York HQ2 plans
Feb 14, 2019 - 23:28
It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. Amazon is canceling its controversial plan to build a new corporate campus in the Long Island City neighborhood of Queens.

isis-killer-beheading-video-story-top West Indies bowler Gabriel suspended after Root exchange
Feb 14, 2019 - 22:56
Soon he reported to the other stand-in umpire and both the umpires discussed it on the field. He added: "The battle was a good contest".

isis-killer-beheading-video-story-top Google to launch a new cheaper smartphone for emerging markets
Feb 14, 2019 - 22:42
Today we've got a detailed report from the Japanese site Nikkei which also hints at an upcoming mid-ranger from Google. According to an earlier report by Android Police , a Pixel 3 , and 3 XL Lite will launch on Verizon in spring 2019.

isis-killer-beheading-video-story-top Authorities In 'Race Against Time' To Check 1,000 Asylum Seekers
Feb 14, 2019 - 22:11
He pointed out the medivac bill only applied to asylum seekers and refugees now stranded on Manus Island and Nauru . After he left office, the center-left Labor government began holding refugees on Christmas Island .

isis-killer-beheading-video-story-top 8 die of measles in Ukraine this year as outbreak worsens
Feb 14, 2019 - 21:57
As of press time, there were 54 confirmed measles cases in Washington, all but one residing in Clark County, home to Vancouver. What caused the meteoric rise in numbers of measles cases this year? "They should not be deprived of it", she said.

isis-killer-beheading-video-story-top Astronaut Mark Kelly announces bid for U.S. Senate
Feb 14, 2019 - 21:00
Jason Rhian spent several years honing his skills with internships at NASA , the National Space Society and other organizations. Grant Woods became a Democrat and was exploring a run but last week announced he would stay out of the race.

isis-killer-beheading-video-story-top Woods honoured as Genesis Open granted ‘elevated status’
Feb 14, 2019 - 20:45
Bryson DeChambeau approved of the decision as he raved about Riviera, where his idol Ben Hogan won four times , including the U.S. In the opening round of the 2019 Genesis Open , Phil Mickelson holes a 31-foot bunker shot for par on the par-4 10th hole.

isis-killer-beheading-video-story-top British Defense Chief Urges Bolstering Military Post-Brexit, Warns Russia Of 'Costs'
Feb 14, 2019 - 19:56
F-35 jets, will sail to the Gulf, Mediterranean and Pacific on its maiden voyage, U.K. He said: "Such action from Russian Federation must come at a cost".

isis-killer-beheading-video-story-top Shannon Gabriel sorry for asking Joe Root if he 'liked boys'
Feb 14, 2019 - 18:26
Talking after the test match, he said: "I think the fast bowlers are always going to try and impose themselves on the game". I think they can sometimes be caught in the moment and not always say what you want to say or think you're saying.