https://www.washingtonpost.com/tech...ax-rich/?noredirect=on&utm_term=.d4967209e364When billionaire chief executive Michael Dell was asked on Wednesday whether he would support a proposal put forth by Rep. Alexandria Ocasio-Cortez (D-N.Y.) to tax millionaires at a 70 percent tax rate on income exceeding $10 million, the audience for a Davos panel about tech and global inequality burst into laughter before he could answer.
Dell, founder and head of Dell Technologies, first responded by saying he's more comfortable allocating significant resources through his private foundation than handing over that money to the government. But then he answered more directly.
"No, I am not supportive of that, and I don't think it would help the growth of the U.S. economy," he said in response to questions from The Washington Post.
The rich have and will continue to argue that the safest hands for world security are their own and that the best solution to continued problems is to dole out their wealth only in the way they see fit.