Bill Gates says he’s willing to sacrifice a few hundred thousand dollars if it means that people like him can live longer and have more children.
The billionaire philanthropist told the Associated Press that he’s not worried about the impact of the United States’ income tax system on his family.
He said the country needs to move to a progressive tax system that allows for “much more egalitarian distribution” and has “a very big impact on our families.”
He added that he doesn’t “have a problem with a few thousand dollars,” adding that “the bottom line is, I think that the government is doing a very good job, and it’s a shame we don’t have a progressive income tax.”
Gates, the co-founder of Microsoft, said the tax system is not working for most Americans.
“The vast majority of Americans have no trouble making ends meet.
The only people who are having trouble are people in the middle and upper middle class,” he said.
“In fact, they may have trouble making any kind of ends meet at all.”
The wealth inequality debate has taken on new urgency since the election of President Donald Trump, who promised to crack down on income inequality.
The president’s administration has targeted tax loopholes that benefit the wealthy.
The IRS has also taken steps to restrict the ability of wealthy individuals to deduct state and local taxes.
The administration has also pledged to end the so-called “death tax” on capital gains, which would allow wealthy Americans to pass on losses to their heirs.
In a speech on Thursday, Gates said that “if you are someone who has done a lot of work, I want you to have a very strong message: There are more people in America who are struggling to make ends meet than ever before.”