Watch: Microsoft co-founder Invoice Gates on Elizabeth Warren, billionaires, antitrust and house exploration

Microsoft co-founder Invoice Gates. (New York Occasions Photograph / Mike Cohen)

Microsoft co-founder Invoice Gates sat down for a candid and wide-ranging hearth chat Wednesday as a part of the New York Occasions DealBook convention. The dialog jumped from one hot-button concern to the subsequent, revealing the billionaire philanthropist’s perspective on all the pieces from the 2020 presidential race to his tech friends’ proclivity for house exploration.

Gates sat down with New York Occasions columnist Andrew Ross Sorkin to debate his work on the Invoice and Melinda Gates Basis, rising political animosity towards billionaires, and extra. The dialog additionally touched on a current New York Times report on Gates’ conferences with the late convicted intercourse offender Jeffrey Epstein.

Gates mentioned he regretted assembly with Epstein and solely did so as a result of he thought it might result in extra funding for his philanthropic work on public well being. He was cautiously supportive of proposals to lift taxes on the rich however diverged from presidential candidates like Sen. Elizabeth Warren on what form these adjustments ought to take. Gates additionally offered a glimpse into how Microsoft’s antitrust battle with federal regulators within the late 90s impacted the corporate.

Watch the interview beneath and proceed studying for highlights from Gates’ hearth chat.

On Microsoft’s antitrust case

“There’s little question that the antitrust lawsuit was dangerous for Microsoft. If we’d’ve been extra targeted on creating the cellphone working system, as a substitute of utilizing Android at this time you’d be utilizing Home windows Cellular, if it hadn’t been for the antitrust case. We have been so shut. I used to be simply too distracted. I screwed that up due to the distraction.”

On Sen. Elizabeth Warren and the 2020 presidential race

“I’m undecided how open-minded she is or that she’d even be prepared to take a seat down with anyone who has massive quantities of cash.”

“Whoever I resolve would have the extra skilled strategy, within the present scenario, in all probability is the factor that I’ll weigh probably the most. I hope the extra skilled candidate is an electable candidate.”

On elevating taxes for the ultra-wealthy

“By treating capital revenue the identical as labor revenue, that goes a really lengthy distance. I’m all for tremendous progressive tax programs. You do have to couple this stuff with extra transparency.”

“I’ve paid over $10 billion in taxes. I’ve paid greater than anybody in taxes. If I had needed to pay $20 billion, it’s tremendous. However once you say I ought to pay $100 billion, then I’m beginning to do some math about what I’ve leftover. Sorry, I’m simply kidding.”

I am at all times glad to satisfy with folks, even when we’ve got totally different views. @BillGates, if we get the prospect, I would love to elucidate precisely how a lot you’d pay below my wealth tax. (I promise it is not $100 billion.) https://t.co/m6G20hDNaV

— Elizabeth Warren (@ewarren) November 7, 2019

On assembly with Jeffrey Epstein

“In that case, I made a mistake in judgment. I assumed these discussions would lead actually to billions of {dollars} going to world well being. Seems that was a foul judgment. That was a mirage. None of that cash ever appeared and I gave him some profit by the affiliation. So I made a doubly unsuitable mistake there.”

On political adverts on social media

“In that area, primarily concentrating on shouldn’t be allowed … I really disagree with concentrating on however I additionally disagree with individuals who suppose a company ought to sit there and do fact-checking towards that factor.”

On Amazon CEO Jeff Bezos and Tesla CEO Elon Musk’s curiosity in house

Sorkin: Do you’ve any curiosity in house?

Gates: No

Sorkin: Your neighbor in Seattle likes house.

Gates: He can have it.

Sorkin: Why’s that?

Gates: As a result of malnutrition is a lot extra impactful. HIV is extra impactful. Malaria’s extra impactful.

Sorkin: Have you ever ever talked to Jeff about that?

Gates: Oh certain. Elon likes Mars. Jeff likes synthetic planets. I’ve learn numerous science fiction however I suppose not as a lot as they did.

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