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Bill Gates tops Forbes billionaire list once again with net worth of $76 billion

By Shawn Knight
Mar 4, 2014
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  1. Last year it was the Bloomberg Billionaires Index and now Forbes agrees: Bill Gates is once again the richest person on the planet. Gates reclaimed the top spot for the first time in four years after relinquishing it to Mexican...

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  2. TomSEA

    TomSEA TechSpot Chancellor Posts: 2,558   +598

    The guy is giving it away as fast as he can through his Gates foundation and is STILL the richest. Like or hate the guy, that's pretty impressive.
     
  3. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,752   +1,105

    Not surprising really.... Billionaires are a new thing, it's not like people could have made that kind of money back in the 1800s. Because it was only possible recently, most of them haven't died yet.
     
  4. davislane1

    davislane1 TS Evangelist Posts: 3,554   +2,361

    If you adjust for inflation many industry titans of the 1800s would be considered billionaires. The unadjusted figure just reflects the diminished purchasing power of today's dollar.
     
    Ranger12 likes this.
  5. TheDreams

    TheDreams TS Addict Posts: 610   +61

    What you say is true, people like Andrew Carnegie and John Rockefeller would have been billionaires in their time.
     
    Last edited: Mar 4, 2014
  6. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,500   +2,052

    Slim’s fortune dropped from $73 billion to $72 billion.

    Oh Boy this must be really tough. If he carries on at this rate he'll be sleeping rough in about ... 100 000 years.
     
  7. tipstir

    tipstir TS Ambassador Posts: 2,393   +107

    They have to give it away because if they don't then there is a lot of taxes to pay out. I think they should get rid of that perk so millionaires, billionaires have to pay more taxes or they're fair share. Too much the middle airs have to pay more and get less where the higher end airs pay less in tax and get more end results.
     
  8. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,500   +2,052

    Bill Gates is once again the richest person on the planet

    I wonder if they've taken the heads of Columbia's and Mexico's drug cartels fortunes into account as well.
     
  9. TomSEA

    TomSEA TechSpot Chancellor Posts: 2,558   +598

    Not true. Only a small percentage of charitable deductions are allowed on tax returns. It's not like it used to be. Also, the top 1% pays 37% of all taxes collected. The top 50% pays 97% of all taxes collected:

    http://www.ntu.org/tax-basics/who-pays-income-taxes.html
     
    Last edited: Mar 4, 2014
    davislane1 and MilwaukeeMike like this.
  10. Brodo Laggins

    Brodo Laggins TS Rookie Posts: 22   +12

    "and now Forbes agrees: Bill Gates is once again the richest person on the planet." When he found out:

    [​IMG]
     
    Lionvibez and TomSEA like this.
  11. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,752   +1,105

    You only pay tax on what you make, not what you have. And if you got rid of the charity deduction you wouldn't hurt rich people anywhere nearly as much as you'd hurt the charities. As for someone's 'fair' share.... fairness applies to kids taking turns on the see-saw, not taxes. If fairness applied to taxes, the people using the most would have to pay the most, but that would mean the poor on welfare programs would have to pay the most tax and that's obviously ridiculous.

    The only thing recently that's hurt the 'middle-aires' is Obamacare and it's evaporating subsidies for families making between about $40,000 and $75,000. If you want to find something to blame for the middle class getting squeezed start with that one. Between the individual mandate, the upcoming employer mandate, and the subsidy structure, anyone in the middle class who isn't working for a large business is going to have a lot less money in the upcoming years.
     
  12. dms96960

    dms96960 TS Addict Posts: 258   +28

    +1
     
  13. Raoul Duke

    Raoul Duke TS Guru Posts: 930   +354

    I looked up the foundation expecting to be very disappointed, but it looks like it is the real deal and they are doing good things.
     
  14. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,555   +2,898

    In other words, Bill Gates is once again the single largest leach on this planet!

    Edit:
    WOW, What changed? The comment posted immediately.
     
  15. davislane1

    davislane1 TS Evangelist Posts: 3,554   +2,361

    I'm not picking on you, I've just got to walk through this door before someone else does:

    Hater's gonna hate!
     
  16. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,555   +2,898

    That may be true but it doesn't change the idea, that what I said may be true as well.
     
  17. The "Gates Foundation" that does good things...Oh, yeah, after having Microsoft, put any kind of software in any kind of weapon that evaporates "any human being of any lesser God" anytime, anywhere in the world...Yes Sir, that's the face of charity THEIR media want to sell us!!! It's simple, no matter what people say, humanity is helpless and out of hope...
     
  18. Should I pretend to understand the logic behind this or just laugh?
     
  19. Lionvibez

    Lionvibez TS Evangelist Posts: 1,103   +346

    I think your posting on the wrong site guest.

    or you haven't taken your medication today!

    your mom will not be pleased with you.
     
  20. "If you want to find something to blame for the middle class getting squeezed start with that one."

    Or look at the past decades where the middle class has slowly but surely shrunk while the already rich get richer and the gap widens evermore. And that's a fact.
    But surely the ACA is the main issue right? We can keep coming with more current issues if we'd like. Many are legitimate issues after all. Or we can look at the overall reason this is happening.

    Quite honestly anyone paying taxes, including the middle class, is putting money right into private banks whether we like it or not. The "Federal" reserve system hasn't even been a govt entity since BEFORE THE GREAT DEPRESSION. In fact, once the FRS stopped being.... well... FEDERAL, it was due mostly scare tactics rather than any actual shortage of money. The President who signed off on basically handing over the FRS to privatization even was DOCUMENTED regretting ever signing anything of the sort. Again, we see some of the rich trying to literally fix the system in their favor. And they won.

    Politicians are practically hired now instead of elected. This isn't just another conspiracy theory anymore. It's more along the lines of the theory of evolution at this point.

    The ACA was implemented at the wrong time for our economy no doubt. And that's even pretending it can work as promised without all of its failures included. However, If there were one issue to address for the middle class, it's corruption. It's literally the rich, not all but some, that have in fact been pushing their way into the government for quite some time as well as their agendas. Debt is slavery. The rich have only become better at keeping the rest of us in debt. Not worse.
     
  21. Also who's obtaining more rights these days? I'll give you a hint: It's not the people.
     

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