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Bill Gates Defends Existence of Billionaires to Stephen Colbert

Bill Gates Defends Existence of Billionaires to Stephen Colbert


Bill and Melinda Gates are well aware of the conversations happening around the moral existence of billionaires in American society.

During an interview on The Late Show Tuesday night, Stephen Colbert asked the world’s second-richest couple, “There’s a lot of talk right now that maybe billionaires shouldn’t exist, have you heard some of this talk?”

“We have,” Melinda Gates replied.

Colbert summed up the argument by saying that “maybe the existence of billionaires is a failure of capitalism, because the capital gets too concentrated with too few people.” He asked them, “What would you say to those people who say billionaires shouldn’t exist?”

“Well, we might be biased,” Bill Gates replied with a laugh before adding, “I think you can make the tax system take a much higher portion from people with great wealth.”



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