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Bill Gates Bashes "Extreme" Proposals Of AOC, Mocks MMT "Crazy Talk"
02-15-2019, 09:44 AM,
Bill Gates Bashes "Extreme" Proposals Of AOC, Mocks MMT "Crazy Talk"
Bill Gates Bashes "Extreme" Proposals Of AOC, Mocks MMT "Crazy Talk"

<p>During a wide-ranging conversation on <a href=""><em>The Vergecast</em></a> about the philanthropic work Bill Gates does around the world with his wife Melinda and their foundation, the Microsoft founder says <strong>the tax policies of Alexandria Ocasio-Cortez and others are "missing the picture" and MMT is "crazy talk."</strong></p>

<p><a data-image-external-href="" data-image-href="/s3/files/inline-images/2019-02-14_9-30-37.jpg?itok=1oHxPbXJ" data-link-option="0" href=""><img data-entity-type="file" data-entity-uuid="ed56d9da-202d-4ca9-924e-70b66669485c" data-responsive-image-style="inline_images" height="322" width="500" srcset=" 1x" src="" alt="" typeof="foaf:Image" /></a></p>

<p>He started off on a positive note (for some) suggesting taxes could be higher...</p>

<p><em><strong>" I believe US tax rates can be more progressive..."</strong></em></p>

<p><em>"...</em>the estate tax and the tax on capital, the way the FICA and Social Security taxes work. <strong>We can be more progressive without really threatening income generation</strong> - what you have left to decide how to spread around.</p>

<p>But, the world's second richest man had some qualifiers that poured cold water on "extreme" politicians like AOC...</p>

<p>"Now, you finally have <strong>some politicians who are so extreme that I’d say,</strong> 'No, that’s even beyond'...</p>

<p><strong>You <em>do</em> start to create tax dodging and disincentives, and an incentive to have the income show up in other countries and things</strong>..."</p>

<p>And mocked "Modern Monetary Theory" which says <em>“Don’t worry about the deficit. We’ll just print the money and do it”?</em></p>

<p><em><strong>"That is some crazy talk..."</strong></em></p>

<p>"Well, that’s crazy. I mean, in the short run actually because of macroeconomic conditions, it’s absolutely true that you can get [debt] even to probably 150 percent of GDP in <em>this</em> environment without it becoming inflationary. <strong>But it <em>will</em> come and bite you. The people you owe the money to, you will have a problem.</strong>"</p>

<p>Crazy indeed Bill, just don't tell the Democrats (or you'll be assuaged - just like Schultz - as a racist, bigoted, elitist billionaire who just doesn't get it).</p><img src="" height="1" width="1" alt=""/>

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