Ross Gerber Slams Politicians For Pushing Higher Taxes As The 'Solution For Every Issue,' Calls Them The Most 'Incompetent Group' In Society

Investor Ross Gerber is criticizing lawmakers for what helium sees arsenic a lazy and ineffective attack to solving the nation's problems: raising taxes.

“Why bash politicians deliberation the solution for each contented is much taxes. Meanwhile they are the astir inept, incompetent radical successful our society,” the CEO of Gerber Kawasaki Wealth and Investment Management wrote past week connected X. “They person plentifulness of wealth to lick each occupation successful the satellite and simply can’t execute solutions.”

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Gerber's vexation mirrors a wider skepticism astir whether higher taxes really effect successful amended outcomes. On a May occurrence of “The Joe Rogan Experience,” comedian and podcaster Joe Rogan questioned the thought that taxing the affluent volition assistance the mean person. “Are the mediocre radical going to get that money? No. Are their services going to improve? No, you’re conscionable going to get much government,” helium said.

Speaking with comedian Jimmy Carr, Rogan added that the existent contented is waste, not a deficiency of revenue. “Figure retired what to bash with the wealth they already get from everybody,” helium said. “And you’re not doing a bully occupation with it. That’s the problem.”

Carr, who has dealt with his ain taxation contention successful the UK, added immoderate levity. “It was taxation avoidance, not taxation evasion,” helium said. “There’s a difference, and the quality is astir 18 months successful prison.”

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Rogan acknowledged that immoderate high-tax countries, similar Norway and Denmark, supply meaningful services successful return. But helium said that attack doesn't enactment astatine scale. “When you standard that to similar hundreds of millions of people, things get truly weird,” Rogan said.

Meanwhile, others spot taxes connected the affluent arsenic a motivation and economical necessity. Microsoft (NASDAQ:MSFT) co-founder Bill Gates has repeatedly said that helium should beryllium paying more.

“I americium amazed taxes person not been accrued more,” Gates said during a 2023 “Ask Me Anything” league connected Reddit. “For example, superior gains rates could beryllium the aforesaid arsenic mean income rates.”

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Gates has laid retired respective proposals to rise taxes connected the ultrawealthy, including removing the headdress connected income taxable to Medicare tax, closing the carried-interest loophole, and taxing long-held ample fortunes.