Bill & Melinda Gates Talk Taxing The Wealthy

Video Statistics and Information

Video
Captions Word Cloud
Reddit Comments

As a reminder, this subreddit is for civil discussion.

In general, be courteous to others. Attack ideas, not users. Personal insults, shill or troll accusations, hate speech, and other incivility violations can result in a permanent ban.

If you see comments in violation of our rules, please report them.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

πŸ‘οΈŽ︎ 1 πŸ‘€οΈŽ︎ u/AutoModerator πŸ“…οΈŽ︎ Feb 13 2019 πŸ—«︎ replies

Gonna get ahead of any other people critizing them for not practicing what they preach. Bill and Melinda are amongst the most philanthropic billionaires around.

πŸ‘οΈŽ︎ 16 πŸ‘€οΈŽ︎ u/Daniellamb πŸ“…οΈŽ︎ Feb 13 2019 πŸ—«︎ replies

Yeah let's just take the billionaires advice at face value.

πŸ‘οΈŽ︎ 4 πŸ‘€οΈŽ︎ u/Effability πŸ“…οΈŽ︎ Feb 13 2019 πŸ—«︎ replies

Tech billionaire with economic degree would want to keep the tax codes as is, that isn't surprising, but it's also distressing that we have to beg the rich to give us back some of the money we made for them!

πŸ‘οΈŽ︎ 6 πŸ‘€οΈŽ︎ u/duggtodeath πŸ“…οΈŽ︎ Feb 13 2019 πŸ—«︎ replies

They could right now pay more taxes than they owe. No one is stopping them.

πŸ‘οΈŽ︎ 3 πŸ‘€οΈŽ︎ u/mr_suesea πŸ“…οΈŽ︎ Feb 13 2019 πŸ—«︎ replies

[removed]

πŸ‘οΈŽ︎ 1 πŸ‘€οΈŽ︎ u/[deleted] πŸ“…οΈŽ︎ Feb 14 2019 πŸ—«︎ replies
Captions
WELCOME BACK TO "THE LATE SHOW." FOLKS, MY NEXT GUESTS ARE RENOWNED PHILANTHROPISTS WHO LEAD THE BILL AND MELINDA GATES FOUNDATION. PLEASE WELCOME BILL AND MELINDA GATES! β™ͺ β™ͺ β™ͺ<i> ( APPLAUSE )</i> β™ͺ β™ͺ β™ͺ<i> ( APPLAUSE )</i> <i> ( APPLAUSE )</i> >> Stephen: PLEASE. GOOD TO SEE YOU AGAIN. >> GREAT TO SEE YOU. >> Stephen: I HAVE INTERVIEWED YOU BOTH. I DON'T THINK I HAVE EVER INTERVIEWED YOU BOTH TOGETHER. >> WE'LL SEE HOW IT GOES. >> Stephen: WE WILL SEE WHO IS THE WORD HOG BETWEEN THE TWO OF YOU. ALL THESE QUESTIONS WILL BE JUMP BALLS HERE. YOU ARE HERE TO TALK ABOUT YOUR 2009 ANNUAL LETTER. YOU GUYS PUT OUT A LETTER EVERY YEAR FOR THE BILL AND MELINDA GATES FOUNDATION. WHAT IS THE PURPOSE OF A LETTER? WHY A LETTER? THEY HAVE COMPUTERS NOW, BILL. WHAT IS THE PURPOSE OF THIS? >> WELL, EVERY YEAR WE GET TO SEE A LOT OF THINGS. WE TRAVEL TO AFRICA, WE MEET WITH SCIENTISTS. WE SEE A LOT OF THINGS THAT ARE GOING VERY WELL, THINGS LIKE REDUCING CHILDHOOD DEATH, IMPROVING NUTRITION. IT'S A CHANCE FOR US TO SHARE WHY WE'RE EXCITED ABOUT THE WORK AND WHERE THINGS ARE GOING. >> Stephen: AND THIS-- THE THEME THIS YEAR IS? >> SURPRISES. THINGS THAT HAVE SURPRISED US THE LAST 20 YEARS, OR EVEN IN THIS LAST YEAR IN PARTICULAR. >> Stephen: OKAY, TELL ME IF I'M WRONG. PEOPLE HAVE KNOWN YOU FOR YEARS AS THE RICHEST MAN IN THE WORLD. YOU'RE THE SECOND RICHEST MAN IN THE WORLD, RIGHT? >> WE'RE TRYING TO GIVER IT AWAY FASTER. >> Stephen: WILL BEZOS EVEN TAKE YOUR CALLS AT THIS POINT? <i> ( CHEERS AND APPLAUSE )</i> YOU'RE TRYING TO GIVE IT AWAY FASTER. SEE THAT'S THE SORT OF BEHAVIOR PEOPLE WANT FROM BILLIONAIRES. THERE'S A LOT OF TALK RIGHT NOW THAT MAYBE BILLIONAIRES SHOULDN'T EXIST. YOU HAVE HEARD SOME OF THIS TALK? >> WE HAVE. >> Stephen: THAT MAYBE THE EXISTENCE OF BILLIONAIRES IS A FAILURE OF CAPITALISM, BECAUSE NOT ENOUGH OF THE-- THE CAPITAL GETS CONCENTRATED WITH TOO FEW PEOPLE. WHAT WOULD YOU SAY TO THOSE PEOPLE WHO SAY BILLIONAIRES SHOULDN'T EXIST? >> WE MIGHT BE BIAS GLD IT'S POSSIBLE, IT'S POSSIBLE. >> I THINK YOU CAN MAKE THE TAX SYSTEM TAKE A MUCH HIGHER PORTION FROM PEOPLE WITH GREAT WEALTH. >> Stephen: 70%? 70%. <i> ( APPLAUSE )</i> >> WELL, THAT'S THE-- THAT'S THE ORDINARY INCOME. THESE GREAT FORTUNES WERE NOT MADE THROUGH ORDINARY INCOMES. SO YOU PROBABLY HAVE TO LOOK TO THE CAPITAL GAINS RATE AND THE ESTATE TAX IF YOU WANT TO, YOU KNOW, CREATE MORE EQUITY THERE. SO I THINK THAT'S A GREAT DEBATE. I THINK IF YOU GO SO FAR AS TO SAY THAT THERE'S A TOTAL UPPER LIMIT THAT, THAT MIGHT HAVE MORE NEGATIVES THAN POSITIVES. BUT, YOU KNOW, I MAY HAVE A DISTORTED VIEW OF THIS. >> Stephen: YOU BOTH GO ALL AROUND THE WORLD. THERE ARE A LOT OF PLACES IN THE WORLD WHERE THERE ARE MUCH HIGHER TAX RATES, ESPECIALLY FOR THE MOST WEALTHY. HOW DOES IT WORK OUT IN THOSE COUNTRIES? >> NOT NECESSARILY THAT WELL. IN FACT THERE, HAVE BEEN MANY TIMES WHEN YOU'RE IN FRANCE AND THEY'LL SAY, "GOSH, WE WISH WE COULD HAVE A BILL GATES. WE WISH WE COULD HAVE SUCH A VIBE RABBIT TECH SECTOR. BUT THE TAXES HAVE BEEN DONE THERE IN SUCH A WAY THAT IT DISTRIBUTE ACTUALLY STIMULATE GOOD GROWTH. SO WE BELIEVE IN A GOOD TAX SYSTEM THAT SHOULD TAX THE WEALTHY MORE THAN LOW-INCOME PEOPLE FOR SURE. >> Stephen: MORE THAN PRESENTLY IS BEING TAXED? >> YES. >> THAT WOULD BE OUR VIEW. WE HAVE BEEN THE BIGGEST LOBBYISTS-- <i> ( APPLAUSE )</i> WE'VE BEEN LOBBYING IN FAVOR OF INCREASING THE ESTATE TAX. THERE WAS ACTUALLY ONE YEAR THAT WAS GOOD TO DIE IN BECAUSE THERE WAS NO ESTATE TAX. >> Stephen: OH, DAMN IT! I MISSED IT! >> YEAH, YOU DID. <i> ( LAUGHTER )</i> BUT THAT COULD BE INCREASED QUITE A BIT. IT'S LOWER THAN IT USE-- IT USED TO BE 55%. >> WE DO BELIEVE THAT TO WHOM MUCH IS GIVEN MUCH IS EXPECTED. AND THAT MEANS YOU NEED HAVE--<i> ( APPLAUSE )</i> YOU NEED TO HAVE A FAIR TAX SYSTEM THAT TAXES THE WEALTHY MORE THAN LOWER-/MIDDLE INCOME, AND YOU NEED HAVE A VIBRANT PL PHILANTHROPY SECTOR. WE CAN TRY THINGS. WE CAN DO INNOVATIONS THAT YOU WOULDN'T WANT YOUR GOVERNMENT TO DO WITH DOLLARS BUT IT HAS TO BE GOVERNMENT THAT SCALES THINGS UP LIKE HEALTH AND EDUCATION. >> Stephen: YOU SAILED THE THEME IS SURPRISE. WHAT ARE THE BIGGEST SURPRISE OR MAYBE THE HOPE OF SURPRISES WE WILL SEE IN THE NEWSLETTER THIS YEAR? >> WHAT WE SPEAK ABOUT AROUND THE WORLD IS A CELL PHONE HAS SO MUCH POWER IN THE HANDS OF A POOR WOMAN. WHAT I MEAN BY THAT, WOMEN IN POOR COUNTRIES WILL TELL YOU THEY'RE NOT WELCOMED AT THE BANK. THEY DON'T HAVE THE MONEY TO GET ON THE BUS TO GO THERE. IF THEY DO, THEY MIGHT GET ROBBED. BUT WHEN SHE CAN SAVE $1 A DAY, $2 A DAY ON HER CELL PHONE, SHE SPENDS IT ON BEHALF OF HER FAMILY, ON THEIR HEALTH AND THE EDUCATION OF HER KIDS. AND SHE ALSO SEES HERSELF DIFFERENTLY. SHE STARTS TO SEE HERSELF AS A WORKING WOMAN. AND SHE'LL TELL YOU, HER HUSBAND SEES HER DIFFERENTLY WHEN SHE HAS SAVE THES. SHE'S IN INDIA, HER MOTHER SEES HER DIFFERENTLY. IT'S NOT THE ONLY TOOL BUT ONE OF THE TOOLS THAT WILL HELP EMPOWER WOMEN. <i> ( APPLAUSE ).</i> >> Stephen: THE TWO OF YOU SEEM TO PUT SO MUCH-- <i> ( APPLAUSE )</i> THE TWO OF YOU SEEM TO PUT SO MUCH THOUGHT INTO THE GENERAL WELFARE, AND WHILE, AGAIN, YOU'RE FABULOUSLY WEALTHY, YOU SEEM TO TRY TO WORK ALTRUISTICALLY FOR OTHER PEOPLE. HOWARD SCHULTZ IS A BILLIONAIRE. HE'S RUNNING FOR PRESIDENT. MAYOR BLOOMBERG IS A BILLIONAIRE. HE'S THINKING ABOUT RUNNING FOR PRESIDENT. DONALD TRUMP PRETENDS TO BE A BILLIONAIRE. HE IS PRESIDENT. HAVE THE TWO OF YOU THOUGHT ABOUT RUNNING FOR PUBLIC OFFICE? <i> ( APPLAUSE )</i> >> WELL, WE WORK WITH POLITICIANS. BUT NEITHER OF US WILL CHOOSE TO RUN FOR OFFICE. YOU KNOW, WE ARE SPECIALIZED IN WHAT WE DIG INTO AND WHAT WE KNOW. AND, YOU KNOW, WE HOPE WE GET GOOD POLITICIANS. BUT WE'RE NOT GOING TO RUN. >> Stephen: WELL, IN THAT CASE-- I THOUGHT THAT WAS THE CASE-- SO WE HAD THESE MADE FOR YOU. THEY'RE ONLY TWO CAMPAIGN SHIRTS AVAILABLE. "GATES 2020, IT'S NOT AN OPTION." >> PERFECT! >> Stephen: THERE YOU ARE. THERE YOU ARE, YOUNG LADY. >> ALL RIGHT, DEFINITELY NOT RUNNING. >> Stephen: THE GATES FOUNDATION ANNUAL LETTER IS OUT TODAY. YOU CAN ALSO GET IT ONLINE. BILL AND MELINDA GATES, EVERYBODY! WE'LL BE RIGHT BACK WITH JENNA FRIEDMAN.
Info
Channel: The Late Show with Stephen Colbert
Views: 4,278,064
Rating: 4.4981279 out of 5
Keywords: The Late Show, Late Show, Stephen Colbert, Steven Colbert, Colbert, celebrity, celeb, celebrities, late night, talk show, comedian, comedy, CBS, joke, jokes, funny, funny video, funny videos, humor, hollywood, famous
Id: qG3eNG2rO7o
Channel Id: undefined
Length: 6min 53sec (413 seconds)
Published: Wed Feb 13 2019
Related Videos
Note
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.